Originally posted by autumnleaf
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Reply to: Accounting flat rates
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Previously on "Accounting flat rates"
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Originally posted by kal View PostWSS, never had a need to meet mine face to face, email queries are dealt with more than prompty, oh and I'm paying £85 + VAT a month.
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Originally posted by SueEllen View PostIf a personal service means answering your emails and phone calls promptly then fine however I've never had any need to met my accountants in person.
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Originally posted by autumnleaf View PostI feel the rates are reasonable and competitively priced. Though having a local accountant would have its own advantages as you get a more personal service. It would be easier to get your work done and also understand those issues which you are not well informed of.
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I feel the rates are reasonable and competitively priced. Though having a local accountant would have its own advantages as you get a more personal service. It would be easier to get your work done and also understand those issues which you are not well informed of.
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FWIW, I'm currently paying £60 + VAT a month after doing a deal with my new accountant (6 month discount) rising to £80 after that.
It's not his full, complete accounting package (which includes a FreeAgent account that I already have for free) but does include advice when I need it, answering queries regarding my bookkeeping and assistance with FreeAgent when I need it, my end of year accounts and my corporation tax return. He is also happy to give me personal tax advice, subject to fair use.
Special projects requiring the help of a specialist (like a CGT issue he recently sorted out for me) are charged on an ad hoc basis.
I'm more than happy to deal with my own weekly bookkeeping and submitting my rather boring self assessment each year. FreeAgent takes care of my VAT returns and payroll.
IMO everyone should have an accountant but any contractor should know how to look after their own books. It's not hard for simple businesses like ours and its good to be on top of things as ultimately, it's your responsibility.Last edited by TheCyclingProgrammer; 19 November 2013, 12:25.
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Generally there shouldn't be a price differential between IR35 and non IR35 - the technical operational aspects aren't that complex once the status decision is made, however if you look at a site like Accounting Web some accountants are scared for some reason by IR35 - I know of a five partner firm who "don't understand it, won't touch it" for example. Horses for courses, I really don't understand the tax and accounting intricacies for Farmers (google "herd basis").
£1,000 pa + vat is about right for company accounts - you can get it cheaper, but you sometimes have to ask if there are strings attached. Cost wise, the right staff mix and on costs dictates that as a sensible fee level; anyone offering a bundle of services for a PSC at much less is possibly cutting service levels, underselling themselves (why?) or using a strange staff mix.
YMMV
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Originally posted by John77 View PostFood for thought thanks for that ill have a good look through the sticky!
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Originally posted by John77 View Post
I've not got anything to compare this against just yet, I appreciate thre isn't just the money to consider, the company who quoted the above have experience of dealing with the likes of me and did appear to know their stuff when I had a long chat wi them yesterday. Thanks in advance!
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Food for thought thanks for that ill have a good look through the sticky!
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Sometimes having a local accountant makes it easier to go and smack them round the head when they make really, really basic mistakes.
Not that my local accountant ever did that. Unlike my online one.
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Originally posted by John77 View PostThanks all for the responses. I wan to go down the ltd option as I know some roles require it.
As for ir35 the a accountant suggested there is a greater overhead in dealing with HMRC if I end up falling within it but obviously going to try and avoid that!
The accountancy sounded experienced to me and told me they have a fair few clients in my situation they are also happy to work entirely online so submitting paperwork whilst away from home should be straightforward enough. Call me old fashioned tho I can see situations where it would be nice to go and speak to someone face to face rather than using a purely online service.
Thanks for all your help!
There is a thread with recommendations and comments from people stickied at the top of the thread. If you are starting out I would personally strongly suggest you go for a specialist. SJD have offices all over the place so if you are in or near a large city it is likely they will have someone not so far off.
I've done local small outfits and been burned badly but have now had 7 years with a specialist without a hitch.
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Thanks all for the responses. I wan to go down the ltd option as I know some roles require it.
As for ir35 the a accountant suggested there is a greater overhead in dealing with HMRC if I end up falling within it but obviously going to try and avoid that!
The accountancy sounded experienced to me and told me they have a fair few clients in my situation they are also happy to work entirely online so submitting paperwork whilst away from home should be straightforward enough. Call me old fashioned tho I can see situations where it would be nice to go and speak to someone face to face rather than using a purely online service.
Thanks for all your help!
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