Reply to: cheaperaccountant

[Higgs Boson]

Well you have had plenty of advice from both accountants and contractors (and even a mod!!!) and yet you still bang the same drum. Why bother coming for advice when you won't bloody listen... You are not going to get the answer you want to hear however much you keep digging. Just to make you happy I will give you the answer you want to hear so you can leave it and get on with ruining your business...

Go for the cheaper option. It makes sense if you are on a lower rate and they will be able to provide exactly the service you need. Paying someone the equivalent of about 15 mins work a week will surely pay dividends in the future. Go for it.

Post of the year so far.

[daeshu]

hello, still happy with cheapaccounting ?

[jsnetman]

Yea, but are they right,

Well not so far, they have submitted last years accounts for 200 quid, done my self assessment, doing my PAYE and VAT and answer any questions I have regarding complicated letters from HMRC for £27.99 a month. Can't complain really.

Last year without an accountant was hard work, dealing with all the questions and setup of the online account, I feel a big burden has been eradicated and at a reasonable price.

[shelby68]

Well against all your advice I signed up to them, they have already completed and submitted last years accouunts, so very pleased so far.

Yea, but are they right,

[jsnetman]

Well against all your advice I signed up to them, they have already completed and submitted last years accouunts, so very pleased so far.

[d000hg]

I'm merely saying that anyone who uses the 'you get what you pay for' criticism about cheaper competitors is hoisting themselves on their own petard when they then claim they are more cost-effective than more expensive competitors

[LisaContractorUmbrella]

So you charge more than your competitors?

I am not sure if that is a back handed compliment on not so I will err on the side of caution and take it as one

[d000hg]

Ever heard the expression 'you get what you pay for'

So you charge more than your competitors?

[LisaContractorUmbrella]

My reasoning which may not be a good one is that I intended to do my own accounts and submissions, VAT Flat Rate does not seem difficult to administrate but PAYE and year end accounts submissions are sending me round the bend. If a cheap accountant can do what I can't then I'm happy to pay 27.99 a month fo that service alone.

Ever heard the expression 'you get what you pay for'

[SimonMac]

My reasoning which may not be a good one is that I intended to do my own accounts and submissions, VAT Flat Rate does not seem difficult to administrate but PAYE and year end accounts submissions are sending me round the bend. If a cheap accountant can do what I can't then I'm happy to pay 27.99 a month fo that service alone.

What are you struggling with? I do everything for my LtdCo, including end of years, yes the CT600 was a PITA but the information is out there if you look for it.

[northernladuk]

Well you have had plenty of advice from both accountants and contractors (and even a mod!!!) and yet you still bang the same drum. Why bother coming for advice when you won't bloody listen... You are not going to get the answer you want to hear however much you keep digging. Just to make you happy I will give you the answer you want to hear so you can leave it and get on with ruining your business...

Go for the cheaper option. It makes sense if you are on a lower rate and they will be able to provide exactly the service you need. Paying someone the equivalent of about 15 mins work a week will surely pay dividends in the future. Go for it.

[jsnetman]

My reasoning which may not be a good one is that I intended to do my own accounts and submissions, VAT Flat Rate does not seem difficult to administrate but PAYE and year end accounts submissions are sending me round the bend. If a cheap accountant can do what I can't then I'm happy to pay 27.99 a month fo that service alone.

[RichardLewisUK]

The website looks a bit shoddy if I'm honest! Not saying that they won't be good but with a price like that, it does make you wonder!

[d000hg]

On a serious note, do you want to trust something as important as your company finances to someone who's USP is they are cheaper than someone else?

Ask yourself would you use CheaperNuclearReactor, or CheaperBrainSurgeon or Suity?

Yes but 1-man accountants are hardly difficult if you just want a bog-standard service.

And people have to choose medical procedures based on cost all the time... finding your medical cover doesn't cover certain drugs or scans or operations is common.

[malvolio]

The company itself is not under a regulating body but all the accounts have practising certs, the head acciountant told me. Anyway I have signed up because I'm a cheapscate, £27.99 for accounts PAYE and VAT and £200 for last years accounts. The regulated body Upton was under never stopped him!

£280 vs £1200. Sounds like a saving. However, if you're on £200 a day for a one year gig, that's £48k. So it's actually 1.9% saving on costs, 1.5% if you allow the CT saving. Whoo hoo... And as I always say, good accountants are free. Still, if you're sure they ain't going to screw up and if they do you can get your money back....

There is, however, a big difference between price and cost.