Average accountant price

[malvolio]

thanks, didn't realize it can be that expensive with up to 200 a month

Mostly it isn't. The median is around £100 pcm if you want a budgetary figure. But the point is that a good accountant should save you enough, directly or indirectly, to cover their annual fee anyway. Get the one you feel is the best fit for your needs, and ignore the price.

(And just to be picky, £100 a month is actually £80 when you allow for the CT saving.... )

[FiveTimes]

Mostly it isn't. The median is around £100 pcm if you want a budgetary figure. But the point is that a good accountant should save you enough, directly or indirectly, to cover their annual fee anyway. Get the one you feel is the best fit for your needs, and ignore the price.

Whilst I sort of agree with you there is a part that doesn't.

I doubt the savings from my accountant would amount to much. I, and most operate with a simple structure. ie. low salary + divs, very little expenditure - phone, broadband, travel and occasional accommodation.
There is little room for being creative with this structure.

However I do agree with you.

[Clare@InTouch]

Whilst I sort of agree with you there is a part that doesn't.

I doubt the savings from my accountant would amount to much. I, and most operate with a simple structure. ie. low salary + divs, very little expenditure - phone, broadband, travel and occasional accommodation.
There is little room for being creative with this structure.

However I do agree with you.

It depends on the advice given though, as even basic tax planning advice isn't provided by all accountants. If your accountant doesn't suggest, for example, giving shares to your non-working spouse then that could potentially cost you thousands in extra personal tax. Or lets you build up a big loan account because you're not reclaiming expenses, without suggesting you repay yourself rather than take yet another dividend in higher rates. Both can cost thousands in unnecessary personal tax, which puts accountancy fees of £1,000 a year into context.

[simondolan]

giving shares to your non-working spouse then that could potentially cost you thousands in extra personal tax. .

Could also cost you thousands in a dvorce settlement......

[Clare@InTouch]

Could also cost you thousands in a dvorce settlement......

True - but it would be bad form not to make the suggestion in my view, along with telling them the negative implications of taking such a step. Then the client can decide what they want to do based on all the facts (and how much they trust their spouse!)

[FiveTimes]

It depends on the advice given though, as even basic tax planning advice isn't provided by all accountants. If your accountant doesn't suggest, for example, giving shares to your non-working spouse then that could potentially cost you thousands in extra personal tax. Or lets you build up a big loan account because you're not reclaiming expenses, without suggesting you repay yourself rather than take yet another dividend in higher rates. Both can cost thousands in unnecessary personal tax, which puts accountancy fees of £1,000 a year into context.

Fair point.

[TheFaQQer]

Could also cost you thousands in a dvorce settlement......

These days, it's unlikely to make too much difference. Particularly if you divorce in London (apparently).