Reply to: Most expensive accountants award

[Archangel]

My opinion:

Why the heck don't you guys do your own VAT paying? how difficult is it for you to add 3 VAT worth of invoices and log onto your internet bank and click on the transfer button??

For the guy who keeps begging his accountant to put him on flat rate: WTF??? go online and do it yourself, it should take you a total of 2 minutes!!

The only thing my accountant does is fill in the end of year form, I send him a spreadsheet of each month ins and outs, he then fills in the appropriate forms and produce the required reports/letters.... cost me around £300 a year, £400 if I ask him to do my personal tax as well.

Mine charges about £550 for the same service (without personal tax), but I've been with him for 15 years so wouldn't swap for a couple of hundred.

[PAH]

My opinion:

Why the heck don't you guys do your own VAT paying? how difficult is it for you to add 3 VAT worth of invoices and log onto your internet bank and click on the transfer button??

For the guy who keeps begging his accountant to put him on flat rate: WTF??? go online and do it yourself, it should take you a total of 2 minutes!!

The only thing my accountant does is fill in the end of year form, I send him a spreadsheet of each month ins and outs, he then fills in the appropriate forms and produce the required reports/letters.... cost me around £300 a year, £400 if I ask him to do my personal tax as well.

Same here, are you my dark half*?

VAT is a POP.


* Stephen King for the ignorant amongst us.

[SandyDown]

My opinion:

Why the heck don't you guys do your own VAT paying? how difficult is it for you to add 3 VAT worth of invoices and log onto your internet bank and click on the transfer button??

For the guy who keeps begging his accountant to put him on flat rate: WTF??? go online and do it yourself, it should take you a total of 2 minutes!!

The only thing my accountant does is fill in the end of year form, I send him a spreadsheet of each month ins and outs, he then fills in the appropriate forms and produce the required reports/letters.... cost me around £300 a year, £400 if I ask him to do my personal tax as well.

[PAH]

If anyone else has an opinion on this, please do let me know.

You only need an accountant if you are worried about ever being investigated. Otherwise just file any old mumbo-jumbo and declare all your profits as zero.

Worst case is they'll put you up in a hotel for a few years, during which time you can re-skill yourself into a trade much more lucrative and tax free.

[jiminajam]

Paystream

Sorry, been caught up trying to earn back money.

The 'accountants' in question are paystream, ala http://www.paystream.co.uk

I've checked their so called terms and conditions fine printer output, and the fees are clearly stated at

£26 per week. in a nicely boxed table. Then, about 5 paragraphs later, it states that....

once every quarter, we may charge an additional administration charge of between two and eight per cent....you will be notified of these charges etc.etc.

I got some advice on it, and his opinion was that, although deviously placed in the document, and suitably vague, it's there. Which, again in his opinion, is a grey enough area to make you go to court, and probably cost you in legal expenses what you will gain in winnings, if you get any.


If anyone else has an opinion on this, please do let me know.

[Troll]

Was it someone recommended from this forum, mine was, but Im keeping my lips shut, as people do make mistakes.

Hmmm mine was also recommended by the members of this board but has so far failed to impress.... I wonder if it is the same one?

[pisces]

Name and shame otherwise we'll deduce that either....

A - You're making it up

or

B - It's because you screwed up your side of the paper filling.

But I'm sure it was neither so name please......

[Bumfluff]

would've
would have

Geddit?

Thanks Churchill

[Churchill]

Interesting my accountant would of made the same mistake if I had not been eagle eyed on my checking of what I was sent none of what I was sent tied up, lots of errors on mine, was it someone recommended from this forum, mine was, but Im keeping my lips shut, as people do make mistakes.

would've
would have

Geddit?

[cojak]

Let us know who if it happens twice tho'...

[Bumfluff]

My accountant has cost me £1500 because he did not calculate my corporate taxes properly. And still hasn't because he is arguing with HMRC about it. I reckon they'll be dropping in for an audit sometime soon.

Interesting my accountant would of made the same mistake if I had not been eagle eyed on my checking of what I was sent none of what I was sent tied up, lots of errors on mine, was it someone recommended from this forum, mine was, but Im keeping my lips shut, as people do make mistakes.

[Ardesco]

probably Tesco Accountcy Services - well they sell everything else....

Don't be silly. If Tesco did accounting it would be called:

Tesco Value Accountancy Services

It would also be cheap as chips

[lilelvis2000]

My accountant has cost me £1500 because he did not calculate my corporate taxes properly. And still hasn't because he is arguing with HMRC about it. I reckon they'll be dropping in for an audit sometime soon.

[Bluebird]

Shocking, not one of the well known ones surely?

probably Tesco Accountcy Services - well they sell everything else....

[oracleslave]

My accountant has cost me a similar amount by not placing my company on the flat rate scheme - I've asked him to sort it out a few times. Which means that I will also be moving accountants in the very near future. I had to pick up some of my old paperwork from his office the other week. It was handed over in Tescos carrier bags - very professional.

Shocking, not one of the well known ones surely?