How much do you pay for your accountant?

[TestMangler]

£500 + VAT per annum for everything.

[ladymuck]

I realise these are all quite old now but there does seem to be a large spread. Are all these for a limited company, with a single director/employee?
I was paying around £150/month for one of larger ones, but I have recently left and was going for a local guy, but not sure now.

Just paid my accountant for doing CT return, submissions to HMRC / CoHo, and a general check I've not screwed up. £515 + VAT. One off annual fee, no monthly charge.

Mine is for LtdCo, one director, just last year so not really all that old. I only have one year end a year .

Just submitted for the 2018-19 year so I'll update with the new bill when I get it.

[northernladuk]

£500 + VAT per annum for everything.

Scottish pounds or English Pounds?

[ladymuck]

Scottish pounds or English Pounds?

Egyptian pounds would make it really cheap

[JohntheBike]

Don't need names of firms, or if you think it's good value, just the price you pay each month?

(Asking for a friend, I am not in deep enough to need a real one myself....yet)

As far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.

[northernladuk]

As far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.

You couldn't be more wrong. All the contractor specialists charge anything between 60 and 120 quid usually including FreeAgent

Why would the cost vary by turnover when what they do for the average contractor is broadly the same? I don't see why a contractor on a good rate should pay more for nothing extra.

[Lance]

As far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.

WOW. That's a great deal if you turnover £50k or less.
Less so if you earn more.

I pay £1,020 + VAT and get FreeAgent bundled in. Full accounts, quarterly VAT, one director SA, payroll and advice.

[craigy1874]

As far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.

That's just wrong. It may be a consideration, but charging a fixed percentage of turnover is just weird.

[JohntheBike]

That's just wrong. It may be a consideration, but charging a fixed percentage of turnover is just weird.

perhaps it's just how my accountant works then

however, what other criteria would they use? the more complex the business, the more they charge? The more employees, the more they charge.? The latter would be linked to turnover surely?

[Lance]

perhaps it's just how my accountant works then

however, what other criteria would they use? the more complex the business, the more they charge? The more employees, the more they charge.? The latter would be linked to turnover surely?

the sooner he saw you coming the more he can charge..