Will accountant really save money?

[diseasex]

Not that bold an assumption when the sentence is "but I also know that Companies House or HMRC don't bother will [sic] small companies anyway" which is obviously complete nonsense.

But to answer your question, my accountant has saved me money. Maybe I could have worked it all out, but it would have spent more time learning that and less time focusing on growing my business.

I agree with you, I will get an accountant.
The reason i had doubts was that i talked to one and it was crap, so that risen some eyebrows. I now, I think, have found a proper one.
Thanks

[northernladuk]

Thanks for answers (these less hostile).

Whoooooosh.....

[SueEllen]

I agree with you, I will get an accountant.
The reason i had doubts was that i talked to one and it was crap, so that risen some eyebrows. I now, I think, have found a proper one.
Thanks

Not all accountants cost £100 a month.

There are enough threads on here with different accountant recommendations giving their costs.

[Bozwell]

For me time = money.

Now I don't know what your contract rate is, but if it takes more than 20 hours per year for me to be my own accountant I am saving money already by paying someone else to do it, not to mention the money that specialist knowledge can potentially save on top, and the comfort of knowing I can't mess it up.

[northernladuk]

For me time = money.

Now I don't know what your contract rate is, but if it takes more than 20 hours per year for me to be my own accountant I am saving money already by paying someone else to do it, not to mention the money that specialist knowledge can potentially save on top, and the comfort of knowing I can't mess it up.

Good point well made.

[Contreras]

For me time = money.

Now I don't know what your contract rate is, but if it takes more than 20 hours per year for me to be my own accountant I am saving money already by paying someone else to do it, not to mention the money that specialist knowledge can potentially save on top, and the comfort of knowing I can't mess it up.

Exactly this.

It's quite possible to work without an accountant, or go for a basic "execution only" service. There are reasons for doing this but cost saving is not one of them. Once you have put the effort in it will easily have cost you more in time, or if you don't put the effort it then it will end up costing you in penalties and time.

[northernladuk]

Don't forget there is always being able to drop the phrase 'my accountant' when talking with mates as well. Worth having one just for that alone.

[pmeswani]

Not looking for one answer just making my own mind. Wagering pros and cons and risks. That's what I do when I money is involved. You know, a good skill to have.

I bet you believe that you don't have to do a Self Assessment and don't need to register for VAT once you reach the threshold, because you are a small company... right?

[TheFaQQer]

I bet you believe that you don't have to do a Self Assessment and don't need to register for VAT once you reach the threshold, because you are a small company... right?

Why do you need to do a self assessment?

[cojak]

I have deleted a lot of insulting and useless posts in this thread.

Keep it up and you'll get banned.