MVL accountant fee

[philgo]

Hi,

I'm looking at charges taken by accountants when closing a LTD via MVL route. I am aware that I also have to pay the liquidator as a separate fee.

Qaccounting, my current accountant is charging £1000 + VAT to do the below work for MVL closure road.

· Preparation of Form 4.25 Statement of Assets & Liabilities

· Preparation, issue, and ultimate submission of liquidation accounts

· Preparation, issue, and ultimate submission of final CT600

· Preparation and submission of final VAT Return

· Liaison with liquidators until final distribution and liquidation completion


Noted that I have already paid 11 months of my monthly package including all services (LTD + personal tax + Insurances).

The cost sounds excessive to me. Even more when they say that they only charge £250 + VAT for a "normal closure" of the company where you extract dividends and pay full taxes.

What extra work is done between a "normal closure" and "MVL closure" apart from liaising with the liquidator?
I have the impression that the above bullets points/justification would have to be completed anyway in a normal closure isn'it? Does it sound fair?

Thanks in advance for your wise comments/advises!

[agentzero]

Call local accountants and get a figure. Explain that your company is up to date with everything and get the hell off your current accountant. Cease service immediately.

It'll cost you £250 or so in total. Tell your current accountant to get a grip, as they are taking advantage.

[northernladuk]

Speak to Chris Maslin at Maslins/MVL Online. He's done it for quite a few forum regulars. Seem to think 1k isn't bad. When MVL came out there were charges upwards of 3k being banded about.

IMO don't use a local accountant. I've been stung by that in the past. Use a proper one. Location is irrelevant.

Not sure why you've posted this in the business section though.

[Lance]

Not sure why you've posted this in the business section though.

or why OP posted a question that is almost identical to the 3 or 4 a week we get

[philgo]

Call local accountants and get a figure. Explain that your company is up to date with everything and get the hell off your current accountant. Cease service immediately.

It'll cost you £250 or so in total. Tell your current accountant to get a grip, as they are taking advantage.

I know that he shouldn't cost me more than 500£ + VAT
On the flip side I have already almost paid the whole year with my current accountant and therefore they will manage my personal tax situation for tax year 21/22.
So not sure it is the good strategy to stop the service now and search for a new accountant. Also it could slow down MVL process.

[philgo]

Speak to Chris Maslin at Maslins/MVL Online. He's done it for quite a few forum regulars. Seem to think 1k isn't bad. When MVL came out there were charges upwards of 3k being banded about.

IMO don't use a local accountant. I've been stung by that in the past. Use a proper one. Location is irrelevant.

Not sure why you've posted this in the business section though.

ok - thanks for the advise

[northernladuk]

ok - thanks for the advise

ADVICE

[philgo]

or why OP posted a question that is almost identical to the 3 or 4 a week we get

which original similar post are you referring to?

[philgo]

ADVICE

Oups....looks like I still need to improve my English