Any one got any Bad and Good points about this company. I'm thinking of moving accountants as mine is S*%T. Just wondered why this company is quite cheap compared to SJD accounting. Yet they seem to offer the same services.
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> Just wondered why this company is quite cheap compared to SJD accounting.
Lots (most?) are - why not ask SJD? -
Fiddle my dear chap,
Most are in fact more expensive than us. There are a few cheaper ones out there - the ones you get paid for recommending for example.
Why are we more expensive than Quay? I think it fair to say that we have a broader range of qualifications amongst our people, and also have a network of offices throughout the country which makes things easier for clients when they want to meet with us.
In response to the original post, Quay are a good firm - I certainly haven't heard any bad feedback.Comment
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Re:Quay Accounting
cheaper doesn't always mean nastier then?!
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Re: Re:Quay Accounting
From our experience cheaper definately does not mean nastier. In fact the reverse seems to be more accurate.
The only trouble with cheap is that there is 'usually' no guarantee that it will stay cheap.
In an environment of reduced contractor rates and very low inflation and interest rates it is disappointing to see that most accountants and umbrella companies have raised their fees by very large percentages over the last three years or so.
I am confused by this as IMO the service offered does not appear to have changed. Perhaps clients of these accountants/umbrellas could explain why they are happy to pay fees that have risen by more than 60%, in some cases, over the last three years or so ?Comment
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Re: Re:Quay Accounting
They don't have to explain price rises. They rely on inertia - many people can't be bothered changing accountants.Comment
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strange attitude
You are of course right - the world is full of people who are prepared to put up with poor service at ever increasing rates.
I was exactly the same myself until just over a year back when my accountant increased rates yet again. I asked Rhino about his accountant and what they cost - the difference was staggering - they cost about half what I was paying plus they did all of the work not just some of it - my involvement would be limited to just posting off invoices and receipts - back come completed forms for signing and posting off with a cheque. I found swapping was easy in the extreme - the two accountants involved sort it all out.
My advice to anyone is to take the trouble to look at what you are getting and what you are paying for it then shop around for the deal that suits you best.
All the accountants who maintain a presence on this board and the one I recommend on ************ (run jointly by myself & Rhino) give good service. Checkout the services on offer from each, combine that with fees charged and move if yours either charges too much or gives poor service - it really is very simple to do so.Comment
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Not knowing fully what my accountant bill is going to be would it be safe to say that £55 (no VAT) is an average price for an accountant to do everything for you.Comment
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The cheapest we have found for a comprehensive contractor accountancy service is £50 + VAT = £58.75 per month, guaranteed for two years.
The vast majority charge considerably more and the average would probably be £90 + VAT = £105.75 per month with no kind of guarantee that the fees will not rise further.Comment
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Being picky
but VAT isn't part of the equation, is it...
And to put it in perspective, I'd save about £300 a year (sorry, £352.50plus VAT
) by switching from SJD - or significantly less than one day's income. Economically it might just be worth it, but I know SJD and I don't know the others, so the risk outweighs the benefit.
However, I have heard stories of people paying £125 a month and still having to do their own VAT, SA forms and PAYE and stuff - now they are the ones that need to think again.Comment
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