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Reply to: MVL accountant fee

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Previously on "MVL accountant fee"

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  • philgo
    replied
    Originally posted by northernladuk View Post

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

    Leave a comment:


  • philgo
    replied
    Originally posted by Lance View Post

    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?

    Leave a comment:


  • northernladuk
    replied
    Originally posted by philgo View Post

    ok - thanks for the advise
    ADVICE

    Leave a comment:


  • philgo
    replied
    Originally posted by northernladuk View Post
    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

    Leave a comment:


  • philgo
    replied
    Originally posted by agentzero View Post
    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.

    Leave a comment:


  • Lance
    replied
    Originally posted by northernladuk View Post

    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

    Leave a comment:


  • northernladuk
    replied
    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.

    Leave a comment:


  • agentzero
    replied
    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.

    Leave a comment:


  • philgo
    started a topic MVL accountant fee

    MVL accountant fee

    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!















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