Hi there.
I'm looking to remove the chain of Me --> Accountancy --> FreeAgent by removing the Accountancy. They are a well known outfit but have made some serious mistakes in the last six months. I can either migrate to another accountancy or DIY.
With the limited co I have no specialist requirements or unusual expenses, no property income for example and it's a basic salary and dividends situation.
With FreeAgent getting better and better, is it viable to just this solely to keep on top of salary RTI requirements, CT600 returns and maybe even year end accounts? Has anybody actually done this? I'm also happy to pay a local accountant some cash every year to sort out the year end accounts, should that be required, but paying the days of paying £100-120/month are over for me I think. It's worth looking at the number of accountancies struggling now and the big name brands performing atrociously, such as Nixon Williams, JSA and now SJD too. This forum is full of stories, although I can't quite believe that people have stayed with Nixon Williams since the VC buyout a couple of years ago. Caveat emptor.
Unfortunately a higher monthly fee doesn't automatically mean better service.
If anybody is using FreeAgent [or Xero/QuickBooks/something else] to DIY their Limited Co simple accounts then please reply with any caveats and general issues you have had.
I'll still be engaging an accountant for self assessment sometimes, but am capable already of doing that myself, so see less and less reason to pay an accountancy to do what is already automated in FreeAgent.
Thanks,
AgentZero*
(*Not an agent, but a contractor who avoids agencies)
I'm looking to remove the chain of Me --> Accountancy --> FreeAgent by removing the Accountancy. They are a well known outfit but have made some serious mistakes in the last six months. I can either migrate to another accountancy or DIY.
With the limited co I have no specialist requirements or unusual expenses, no property income for example and it's a basic salary and dividends situation.
With FreeAgent getting better and better, is it viable to just this solely to keep on top of salary RTI requirements, CT600 returns and maybe even year end accounts? Has anybody actually done this? I'm also happy to pay a local accountant some cash every year to sort out the year end accounts, should that be required, but paying the days of paying £100-120/month are over for me I think. It's worth looking at the number of accountancies struggling now and the big name brands performing atrociously, such as Nixon Williams, JSA and now SJD too. This forum is full of stories, although I can't quite believe that people have stayed with Nixon Williams since the VC buyout a couple of years ago. Caveat emptor.
Unfortunately a higher monthly fee doesn't automatically mean better service.
If anybody is using FreeAgent [or Xero/QuickBooks/something else] to DIY their Limited Co simple accounts then please reply with any caveats and general issues you have had.
I'll still be engaging an accountant for self assessment sometimes, but am capable already of doing that myself, so see less and less reason to pay an accountancy to do what is already automated in FreeAgent.
Thanks,
AgentZero*
(*Not an agent, but a contractor who avoids agencies)
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