How much do you pay for your accountant?

[JohntheBike]

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

well, when my turnover went down, he charged me less, which is why I assumed he was charging on a percentage basis.

[northernladuk]

well, when my turnover went down, he charged me less, which is why I assumed he was charging on a percentage basis.

Maybe it's time to stop assuming and take more of an interest in your company's finances 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?

Irrelevant to us really so no point discussing. Your standard PSC with even 2 directors, maybe an employee make little difference to the work done, particularly when FreeAgent is used as you do most of the entry. The accountant deals with the numbers it spits out.
If your accountant is charging on a complexity or time spent approach with no tools to help then he's not really what you need for a small contractor business.

[Wobblyheed]

£85.80 pm (includes VAT)

[Blert596]

Maybe it's time to stop assuming and take more of an interest in your company's finances then?


Irrelevant to us really so no point discussing. Your standard PSC with even 2 directors, maybe an employee make little difference to the work done, particularly when FreeAgent is used as you do most of the entry. The accountant deals with the numbers it spits out.
If your accountant is charging on a complexity or time spent approach with no tools to help then he's not really what you need for a small contractor business.

Hmmm... suddenly my £141 a month using FreeAgent with Trafalgar seems quite steep

[Chart Accountancy]

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.

You could still hire a specialist contractor accountant below this fee to also include FreeAgent. I suspect the £150/month was not including access to cloud software so a monthly fee in the region of £85-120 plus VAT including the software with a specialist contractor accountancy firm would be considered reasonable.

[ladymuck]

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.

Update as promised.

Submitted trial balance and closing bank statements for accountant to do a check and calculate/submit CT. Turned around in under two weeks, charged £535 + VAT.

[GhostofTarbera]

The answer to this is £0 when 90% of contractors are under IR35 next year


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[BlueSharp]

The answer to this is £0 when 90% of contractors are under IR35 next year


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It's starting to dawn on some of them that contracting inside IR35 via a ltd is not a viable option...