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Advice needed employing an Accountant?
Hi
I’m in the process of getting my first accountant and I just wondered what the average accountant costs and what you actually do in terms of paperwork etc for them.
I use a cloud based book keeping software and it allows me to quote, invoice, keeps all my receipts up to date and in order, tells me what vat to pay etc which I submit every quarter, the only thing it doesn’t do is the annual returns hence the accountant.
I’ve just been quoted £500 + vat for the year, seems a bit hire to me considering all they need to do is submit a few forms and it got me wondering.
I’m sure being VAT registered and a Ltd company makes a difference but still.
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3 Replies
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I still do my accounts on paper, don’t even know what a spreadsheet is!
I add up my monthly incomes, expenditures, and group them into types of expenditure, give him all the paperwork and he checks it, deducts all the additional stuff that I don’t know about, removed receipts or things I’m being cheeky with, and charges me around £300 to do that and submit. would be £500+ if I just gave him the paperwork in shoe boxes!
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That’s cheap mate, also remember you get what you pay for. A good accountant will save you a lot more then they cost and a great accountant will save you tons.
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Thanks for the feedback guys.
He’s due to drop the paperwork off Friday for me to sign so he can act on my behalf so I guess I’m there or there about in terms of price.
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