Originally posted by JHamp82
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Accountant recommendation threads inc local requests
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Hi All,
just doing the rounds of contacting accountants for an outside contract, via LTD.
Had a call from pay stream after using their calculator, very much a sales pitch but produced an illustration at the end with fairly accurate data (expenses, tax efficient salary, days worked vs holiday etc) - and it came out incredibly high to what I was expecting. 83% take home to be exact…
Can I assume that the sales pitch vs reality is very different once you receive your first pay? Or should I just run a mile now!?
they also were pointing me towards their upper end package which on paper seems to provide a fair amount, but it’s £150 + Vat a month!
anyone used them via a limited before?Comment
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Originally posted by Rik1087 View PostHi All,
just doing the rounds of contacting accountants for an outside contract, via LTD.
Had a call from pay stream after using their calculator, very much a sales pitch but produced an illustration at the end with fairly accurate data (expenses, tax efficient salary, days worked vs holiday etc) - and it came out incredibly high to what I was expecting. 83% take home to be exact…
Can I assume that the sales pitch vs reality is very different once you receive your first pay? Or should I just run a mile now!?
they also were pointing me towards their upper end package which on paper seems to provide a fair amount, but it’s £150 + Vat a month!
anyone used them via a limited before?
Comment
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GregRickshaw - thanks for the heads up. Seems the spot light is certainly on those companies at the moment. If i wanted to avoid this trap, who else would you recommend?
Is it more to do with a monthly fee, or the actual level of service provided that brings up the issue that you aren't 'running' your own company?
Gorilla accounting seem to have good reviews and mentioned on here, would they also fall under MSCP / MSP condition?Comment
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Originally posted by Rik1087 View PostGregRickshaw - thanks for the heads up. Seems the spot light is certainly on those companies at the moment. If i wanted to avoid this trap, who else would you recommend?
Is it more to do with a monthly fee, or the actual level of service provided that brings up the issue that you aren't 'running' your own company?
Gorilla accounting seem to have good reviews and mentioned on here, would they also fall under MSCP / MSP condition?
Monthly payments are just the annual fee for the year end work broken down into 12 instalments. Don't go thinking that you're paying for a monthly service, like a mobile phone.Comment
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Originally posted by Rik1087 View PostGregRickshaw - thanks for the heads up. Seems the spot light is certainly on those companies at the moment. If i wanted to avoid this trap, who else would you recommend?
Is it more to do with a monthly fee, or the actual level of service provided that brings up the issue that you aren't 'running' your own company?
Gorilla accounting seem to have good reviews and mentioned on here, would they also fall under MSCP / MSP condition?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Thanks for the inputs.
I won’t labour the point as it seems it’s been discussed to death elsewhere. I don’t really understand it, as a business owner surely it’s your decision on whether you wish to outsource a particular part to someone else.
you wouldn’t not call someone a homeowner if they pay for a cleaner monthly. It just means that the cleaning company do that task well and are more skilled at it then I am 😄 (poor example i know).
I probably need to read up on it further, either that or take an accountancy course, and become ACA approved.
Comment
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Originally posted by Rik1087 View PostThanks for the inputs.
I won’t labour the point as it seems it’s been discussed to death elsewhere. I don’t really understand it, as a business owner surely it’s your decision on whether you wish to outsource a particular part to someone else.
you wouldn’t not call someone a homeowner if they pay for a cleaner monthly. It just means that the cleaning company do that task well and are more skilled at it then I am 😄 (poor example i know).
I probably need to read up on it further, either that or take an accountancy course, and become ACA approved.
For disclosure, I am presently not working and the last couple of Ltd Co jobs I did were wholly DIY affairs. No accountant involved.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Rik1087 View PostGregRickshaw - thanks for the heads up. Seems the spot light is certainly on those companies at the moment. If i wanted to avoid this trap, who else would you recommend?
Is it more to do with a monthly fee, or the actual level of service provided that brings up the issue that you aren't 'running' your own company?
Gorilla accounting seem to have good reviews and mentioned on here, would they also fall under MSCP / MSP condition?
All Gorilla’s advice is tailored to each client and we have no involvement in supplying workers, invoicing for their services or involved with the management of our clients company.
You can find some more detail here https://www.gov.uk/hmrc-internal-manuals/employment-status-manual/esm3520 where it states: “Financial Secretary to HM Treasury said in Parliament on 15 May 2007: “there is a distinct difference…..between a person who provides independent, tailored advice to a client, who is then able to consider that advice before accepting it or rejecting it, and the person who simply supplies a client with a standard solution or product that the client accepts.”
I think this is pretty much what they do and have no involvement in my Ltd company.Comment
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Hi all, tried to read through this before posting but it looks like the consensus was Gorilla = good but the last few messages seem to say different. Are they still a safe bet for a first timer?Comment
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