Originally posted by GhostofTarbera
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: How much do you pay for your accountant?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "How much do you pay for your accountant?"
Collapse
-
-
The answer to this is £0 when 90% of contractors are under IR35 next year
Sent from my iPhone using Contractor UK Forum
Leave a comment:
-
Originally posted by ladymuck View PostMine is for LtdCo, one director, just last year so not really all that old. I only have one year end a year .
Just submitted for the 2018-19 year so I'll update with the new bill when I get it.
Submitted trial balance and closing bank statements for accountant to do a check and calculate/submit CT. Turned around in under two weeks, charged £535 + VAT.
Leave a comment:
-
Originally posted by Gav1234 View PostI realise these are all quite old now but there does seem to be a large spread. Are all these for a limited company, with a single director/employee?
I was paying around £150/month for one of larger ones, but I have recently left and was going for a local guy, but not sure now.
Leave a comment:
-
Originally posted by northernladuk View PostMaybe it's time to stop assuming and take more of an interest in your company's finances then?
Irrelevant to us really so no point discussing. Your standard PSC with even 2 directors, maybe an employee make little difference to the work done, particularly when FreeAgent is used as you do most of the entry. The accountant deals with the numbers it spits out.
If your accountant is charging on a complexity or time spent approach with no tools to help then he's not really what you need for a small contractor business.
Hmmm... suddenly my £141 a month using FreeAgent with Trafalgar seems quite steep
Leave a comment:
-
Originally posted by JohntheBike View Postwell, when my turnover went down, he charged me less, which is why I assumed he was charging on a percentage basis.
however, what other criteria would they use? the more complex the business, the more they charge? The more employees, the more they charge.? The latter would be linked to turnover surely?
If your accountant is charging on a complexity or time spent approach with no tools to help then he's not really what you need for a small contractor business.
Leave a comment:
-
Originally posted by Lance View Postthe sooner he saw you coming the more he can charge..
Leave a comment:
-
Originally posted by JohntheBike View Postperhaps it's just how my accountant works then
however, what other criteria would they use? the more complex the business, the more they charge? The more employees, the more they charge.? The latter would be linked to turnover surely?
Leave a comment:
-
Originally posted by craigy1874 View PostThat's just wrong. It may be a consideration, but charging a fixed percentage of turnover is just weird.
perhaps it's just how my accountant works then
however, what other criteria would they use? the more complex the business, the more they charge? The more employees, the more they charge.? The latter would be linked to turnover surely?
Leave a comment:
-
Originally posted by JohntheBike View PostAs far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.
Leave a comment:
-
Originally posted by JohntheBike View PostAs far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.
Less so if you earn more.
I pay £1,020 + VAT and get FreeAgent bundled in. Full accounts, quarterly VAT, one director SA, payroll and advice.
Leave a comment:
-
Originally posted by JohntheBike View PostAs far as I'm aware, accountancy practise is to charge based on turnover with additional cost for running payroll. MyCo is charged 2% on its turnover.
Why would the cost vary by turnover when what they do for the average contractor is broadly the same? I don't see why a contractor on a good rate should pay more for nothing extra.Last edited by Contractor UK; 25 May 2021, 08:52.
Leave a comment:
-
Originally posted by SimonMac View PostDon't need names of firms, or if you think it's good value, just the price you pay each month?
(Asking for a friend, I am not in deep enough to need a real one myself....yet)
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: