Is my accounting fee similar to others

[fatboyslim]

I am with an accounting agency that seems good but wondering if I am paying more than others. I pay £144 per month when in contract and £24 when out of contract.
I have no issues with them, they respond to mails/calls when I need(which is very rarely).

[northernladuk]

If you are happy with the service then it's a good price.

[fatboyslim]

If you are happy with the service then it's a good price.

yes, am quite happy/content but they are the only one I have dealt with. I don't understand why some agencies are considered bad because there is little interaction needed with them, most of the things they do is pretty standard. Am I missing anything?

[MrMarkyMark]

If you are happy with the service then it's a good price.

This

[quackhandle]

yes, am quite happy/content but they are the only one I have dealt with. I don't understand why some agencies are considered bad because there is little interaction needed with them, most of the things they do is pretty standard. Am I missing anything?

Wait a while. Are you still happy? If so carry on. If not change.

Rinse & Repeat.

Good luck, we're all counting on you.

qh

[ladymuck]

yes, am quite happy/content but they are the only one I have dealt with. I don't understand why some agencies are considered bad because there is little interaction needed with them, most of the things they do is pretty standard. Am I missing anything?

Agencies are not the same as accountants.

The former are largely a bunch of parasites who add no value; the latter, when you get a good one, are very helpful in running your business.

Ditto the above, if you're happy then the price is right.

If you want to compare costs then you need to say what exactly you're getting for your fee.

[fatboyslim]

Agencies are not the same as accountants.

The former are largely a bunch of parasites who add no value; the latter, when you get a good one, are very helpful in running your business.

Ditto the above, if you're happy then the price is right.

If you want to compare costs then you need to say what exactly you're getting for your fee.

Ah I mean accountant not agency.
I send them expenses and business bank statements and they pay to hmrc whatever due. (corporation tax, vat). What kind of other help can they give, since I have not tried any other accountant, I dont know(which is why I opened this thread).

[LondonManc]

Ah I mean accountant not agency.
I send them expenses and business bank statements and they pay to hmrc whatever due. (corporation tax, vat). What kind of other help can they give, since I have not tried any other accountant, I dont know(which is why I opened this thread).

Advice on expenses that you should and shouldn't claim, flag up if you're getting near breaching the 24-month rule on claiming T&S expenses, P11D issues & concerns, explaining what the sweet spots are in terms of salary take, dividend thresholds, etc.

Then there's the warning of what's changing each year - they'll review the budgets and advise you what's up, what's down in terms of divi tax, CT, etc.

[HugeWhale]

Ah I mean accountant not agency.
I send them expenses and business bank statements and they pay to hmrc whatever due. (corporation tax, vat). What kind of other help can they give, since I have not tried any other accountant, I dont know(which is why I opened this thread).

They pay?
My accountant does not have access to my account (apart from seeing statements). I wouldn't give my passwords away. If anything needs paying he tells me and I pay it.
My neighbour is a musician and his band famously got ripped off by their accountant. This made me wary.

I hope you really trust yours.

[Lance]

They pay?
My accountant does not have access to my account (apart from seeing statements). I wouldn't give my passwords away. If anything needs paying he tells me and I pay it.
My neighbour is a musician and his band famously got ripped off by their accountant. This made me wary.

I hope you really trust yours.

Accountant Simon Pearce jailed for tax fraud - BBC News