How much do you pay for your personal tax return?

[Eric Mc]

It is probably just about right - I would say.

Does your accountant give you any other service over and above completing the return for you?

Do his rental computations ever change from the figures you have given him?

[JayBM]

Thanks Eric,

Nothing above completing the return, figures remain as is. Originally instructed for both a Ltd return and personal but now just self assessment.

[Cheib]

Cheib said:

I pay somewhere between £500 and £750 for mine but it is or certainly was quite complicated and I am st at providing the information.

Mine tax return typically has some or all of the below

PAYE (used to be LLP and before that FBT)
Rental Property
CGT
EIS
VCT
SIPP
EZ's
BPRA's
Dividend income

Records kept are there but let's just say I'm your classic last minute panic tax return....though in fairness to me some of the info normally isn't available til Nov/Dec.

[Eric Mc]

Your's is pretty complex, to be fair.

[raptor600]

I dream of my only source of income coming from my stocks and shares ISA!

[Vixpy1]

I do it myself, i have multiple income streams , investments and property and it still only takes a couple of hours to do. A monkey could do it!

That said, I use accountants for my Business accounts. In fact he has posted on this very thread , Eric

[flyingjase]

Cheib said:

Mine tax return typically has some or all of the below

PAYE (used to be LLP and before that FBT)
Rental Property
CGT
EIS
VCT
SIPP
EZ's
BPRA's
Dividend income

Records kept are there but let's just say I'm your classic last minute panic tax return....though in fairness to me some of the info normally isn't available til Nov/Dec.

I'd say you've got a bargain!

[Eric Mc]

Hi Vixpy

[sumo69]

Cheib said:

Mine tax return typically has some or all of the below

PAYE (used to be LLP and before that FBT)
Rental Property
CGT
EIS
VCT
SIPP
EZ's
BPRA's
Dividend income

Records kept are there but let's just say I'm your classic last minute panic tax return....though in fairness to me some of the info normally isn't available til Nov/Dec.

Sounds about right tbh

David

[sumo69]

Vixpy1 said:

I do it myself, i have multiple income streams , investments and property and it still only takes a couple of hours to do. A monkey could do it!

That said, I use accountants for my Business accounts. In fact he has posted on this very thread , Eric

So Eric doesn't review this prior tosubmission? Possible missed deductions (admin on rental for example) or to make sure all the income streams from the business all agree?

Quite surprised - I have a couple of clients who do their own but they still agree its a good idea that I look them over before submission.

David

[sumo69]

flyingjase said:

Thanks for the input, my income is non standard but it's not exotic:-

PAYE from 2 companies

Profit share from an LLP

Dividend income

That's it

Sounds like I'm being overcharged

Yes you are paying too much (by my standards anyhow!)

David

[zabba]

Interesting thread this, I'm a tax accountant for a largish firm with corporate clients, but surprised at how much people seem to pay.

For the accountants on here who do individual tax returns, is this your main business or do you tax returns as a side to a main employment? Tempted to generate some extra money by having a business doing individual returns, but the thoughts of difficult clients, lack of time, indemnity insurance etc always give me second thoughts.

[Vixpy1]

sumo69 said:

Vixpy1 said:

I do it myself, i have multiple income streams , investments and property and it still only takes a couple of hours to do. A monkey could do it!

That said, I use accountants for my Business accounts. In fact he has posted on this very thread , Eric

So Eric doesn't review this prior tosubmission? Possible missed deductions (admin on rental for example) or to make sure all the income streams from the business all agree?

Quite surprised - I have a couple of clients who do their own but they still agree its a good idea that I look them over before submission.

David

Eric has offered in the past, but i've always prefered to do it myself. As things get more complicated I may well change my mind though!

[sumo69]

Vixpy1 said:

Eric has offered in the past, but i've always prefered to do it myself. As things get more complicated I may well change my mind though!

I will do it FOC in exchange for a dyno run on my GTR aftyer I have it tuned to Stage 4??

David

[Vixpy1]

sumo69 said:

Vixpy1 said:

Eric has offered in the past, but i've always prefered to do it myself. As things get more complicated I may well change my mind though!

I will do it FOC in exchange for a dyno run on my GTR aftyer I have it tuned to Stage 4??

David

Blimey, thats an offer and a half, I'll send you a mail

[Eric Mc]

sumo69 said:

Vixpy1 said:

I do it myself, i have multiple income streams , investments and property and it still only takes a couple of hours to do. A monkey could do it!

That said, I use accountants for my Business accounts. In fact he has posted on this very thread , Eric

So Eric doesn't review this prior tosubmission? Possible missed deductions (admin on rental for example) or to make sure all the income streams from the business all agree?

Quite surprised - I have a couple of clients who do their own but they still agree its a good idea that I look them over before submission.

David

I normally don't discuss client's affairs on this site but in this case I have not been asked by the client to look after his personal tax affairs - which is his choice.

I would prefer if matters of opinion concerning how I deal with my clients would not be discussed on an open forum like this.

At this point I think I should cease posting on this particular topic.

[The_Doc]

Don't know if this is the right place, or permitted, but has anyone had any experience with this lot:

http://www.stanbridgeaccountants.co.uk/

Stanbridge Associates. Specialist Legal and Medical (they say)

I met their MD on a non-tax related issue and now I am thinking about a Medicine Specific Accountant as I am a UK based Orthopaedic Surgeon with a wife who doesn't work, and you can see where I'm heading with this...

[MitchT]

How much for one doing if you have a full time job and have done a bit of freelance work on the side? It's something I'm considering but I wouldn't have time to do much so I don't want to take it on if the accountancy fees for a tax return wipe out my net income... which they might.

[Eric Mc]

I tink this has been mentioned above.

It all depends on the overall complexity of your tax affairs. You would need to chat to an accountant (perhaps a few) to get a fee for the various fee ranges and the services they would offer.