Accountants with good deals for Dormant Ltd companies? - Contractor UK Bulletin Board

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#1

Accountants with good deals for Dormant Ltd companies?

9 September 2018, 15:16

I'm a IT contractor with the usual Ltd company, not currently trading/in a contract, what would be a good accountant to use while my company is dormant?
Getting ripped off by my current accountants (£50 per month!), and only noticed when I saw a competing accountant who charge half that. Now I'm wondering who has the best package for this sort of thing. Obviously I don't intend to be very long out of a contract so they would have to have competitive fees all year round ideally.
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#2

9 September 2018, 17:49

Is it dormant or is it just not trading.

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#3

9 September 2018, 20:31

Just do it youself - 15 mins online each year
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#4

10 September 2018, 07:16

Originally posted by northernladuk View Post

Is it dormant or is it just not trading.

This ^^^^

Do you mean it's dormant, or that you are between contracts/on the bench?

…Maybe we ain’t that young anymore
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#5

10 September 2018, 08:27

Accountants with good deals for Dormant Ltd companies?

Originally posted by northernladuk View Post

Is it dormant or is it just not trading.

There does seem to be a general failure among some contractors to understand that accountants don’t only work when you do. Most of the work we do is on an annual cycle and therefore whether you are benched or not is largely irrelevant. We've had contractors stop their DD to us because they're between contracts. It doesn't work like that. The monthly fee is essentially an annual fee payable in twelve instalments. Although that could possibly be communicated better.
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#6

10 September 2018, 09:07

Originally posted by Alan @ BroomeAffinity View Post

The monthly fee is essentially an annual fee payable in twelve instalments. Although that could possibly be communicated better.

One of your competitors allows clients to pay for the full year in advance for a 10% discount
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#7

10 September 2018, 10:44

Originally posted by pr1 View Post

One of your competitors allows clients to pay for the full year in advance for a 10% discount

So do we but not generally advertised.
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#8

10 September 2018, 11:35

Originally posted by Alan @ BroomeAffinity View Post

So do we but not generally advertised.

surely would be better to advertise then?
I'd pay a full year up front for 10% discount.

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#9

10 September 2018, 12:05

Originally posted by Lance View Post

surely would be better to advertise then?
I'd pay a full year up front for 10% discount.

But surely that's why they don't advertise it?

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#10

10 September 2018, 12:39

Originally posted by northernladuk View Post

But surely that's why they don't advertise it?

Then why offer it at all?

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