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Can I have different accountants for personal tax and Limited company accounting ?

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    Can I have different accountants for personal tax and Limited company accounting ?

    These days can you have two completely separate accountants to deal with your tax.accounting affairs ? So you would have Accountant A dealing with your personal tax affairs and Accountant B in a completely different accountancy firm dealing with your Limited Company tax affairs ??????

    I'm asking because some accountancy firms which deal quite well with limited company tax accounts but charge rip off amounts to fill in a simple personal tax return e.g. £250+

    #2
    You _can_ tho I'd think it a bit odd unless your personal tax affairs were very complex and needed a specialist. You'd end up having to explain your situation to 2 different firms.

    If you're happy with the firm doing your Ltd stuff generally, just not their SA tax fee, have you tried DIYing you SA return? If it's just salary & divis should be v straight forward.

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      #3
      As Maslins says, it's perfectly ok to do so. The potential downside is that you don't then have one person who's looking at your overall financial position as a whole. Advice on dividends etc is given on the basis of knowing what other income you have, and if you don't fully inform both parties of absolutely everything then you could end up with incorrect advice. You'd have to be very much on the ball to ensure you told everyone everything necessary.

      If your return is easy then I see no reason for it to cost so much either. Have you called a few firms to see if it's included in their service, or could be done for less?
      ContractorUK Best Forum Adviser 2013

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        #4
        You run a business, that means using a bit of bloody common sense. You pay accountants for a service, they do what you want. You should know you can use two different ones, it's your money your are paying and it's your business's money they are dealing with. You gotta think for yourself a little but you know

        Why you would do this is questionable but whether you can or can't is a bit obvious.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #5
          Just add a further bit of (useless?) info to this, with the HMRC you can authorise which accountants act for you by tax type. So you can authorise Accountant A to deal with personal tax, and Accountant B to deal with PAYE/Corp tax/VAT.

          I agree with the comments made above - if your personal tax affairs are straightforward try the free HMRC online software, then you keep all your personal tax planning discussions with the one accountant, and you lodge the figures yourself.
          2012 CUK Reader Awards - '...Capital City Accountancy, all of whom were outside the top three yet still won compliments from CUK readers for their services' - well, its not an award, but we'll take it! - Best Accountant (for IT contractors) category
          2011 CUK Reader Awards - Top 3 - Best Accountant (for IT contractors) category
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