Do you know the current state of your business finances?

[Bluebird]

Thanks for all your comments.

Actually I did my own spreadsheet before, but I am not an accountant and my old accountant did come back with lots of useful ideas to save me money or get round problems that came up with the IR, etc, which I could not have come up with myself. Thus I believe you cannot do it all alone.

Any other accountants people can recommend; worries me that everyone goes to SJD, although I am sure they are good despite a few negative comments around the forum.

SJD & Nixon Williams are the 2 most used here...

[el dudester]

SJD & Nixon Williams are the 2 most used here...

how much are you paying them per year to do your accounts then?

I use a local guy in my home town, and he only charges me £400 per year.

[r0bly0ns]

Any other accountants people can recommend; worries me that everyone goes to SJD, although I am sure they are good despite a few negative comments around the forum.

Upton Accountants

(again )

[Bluebird]

how much are you paying them per year to do your accounts then?

I use a local guy in my home town, and he only charges me £400 per year.

they are both considerably more than that, however I only went Ltd a year ago so it seemed like a good choice at the time, now I know a lot more I'll probably look to move to something cheaper..

[~Craig~]

I'm with NW and recommend them to everyone.

All very straight forward to do every month and I get the feeling that there is someone actually looking at what I send them. Not that I'd ever get it wrong of course....... Any problems and I just get a quick call from them to clarify.

The best bit is just being able to forward any stuff from HMRC without getting brainache trying to understand what they want

[ookook]

I'm also with NW and they have been very good. Answered all my boneheaded questions patiently and quickly for the first few months till I got to grips wth everything.

[cordia1982]

I am just about to start work for an umbrella company that has a sister company which looks after Ltd co's. The system they use is an online portal which gives you a running total of Vat, Tax and NI owing, and allows you to track invoices etc. Have any of you ever had experience using a similar system? Is this something that sounds appealing?

[Ardesco]

I am just about to start work for an umbrella company that has a sister company which looks after Ltd co's. The system they use is an online portal which gives you a running total of Vat, Tax and NI owing, and allows you to track invoices etc. Have any of you ever had experience using a similar system? Is this something that sounds appealing?

They should be bloody paying it as well!!!

What is the point of an umbrella company if they don't pay the VAT, Tax, and NI that is owed out of the money they are given?

[cordia1982]

apologies, I didn't make myself clear. This system I was talking about is not the Umbrella companie's method, but that of it's sister company which looks after people who have their own ltd companies. Hence why they don't pay the tax etc. themselves.

[reginald]

Nixon Williams monthly service is great but I asked them recently if they could tell me what the (interim) retained profit in my company was. The answer I got was "not until after your year end" which I didn't find very helpful. This is a fairly fundamental number and I would have thought anyone using half decent accounting system could extract this easily enough.

Guys @ NW - better interim / ad-hoc management reporting would enhance what is already a great service!