How much does an Accountant cost?
Discussion
IME accountants charge based on time rather than the type of job - therefore as mentioned, the more complicated the job, the more expensive it'll be.
It'll also depend on what the company does. If you have lots of very complicated, "tax adjustable", foreign jurisdiction etc. sales/purchases and so on it'll cost more than someone who operates solely in the UK doing one single "vanilla" thing. Also, will you have to budget for personal tax preparation and so on?
I see you're based in Surrey. I would recommend my accountant but they're based in South Bucks so you might want to have someone closer to you. I'll happily forward their details if you'd like though.
It'll also depend on what the company does. If you have lots of very complicated, "tax adjustable", foreign jurisdiction etc. sales/purchases and so on it'll cost more than someone who operates solely in the UK doing one single "vanilla" thing. Also, will you have to budget for personal tax preparation and so on?
I see you're based in Surrey. I would recommend my accountant but they're based in South Bucks so you might want to have someone closer to you. I'll happily forward their details if you'd like though.
http://www.lowcostaccounts.co.uk may be worth a look if on a budget but a good accountant can pay for themselves
Try:
John Whelan at sapphire accounting
Gavin McBride at Smith McBride; or
Kevin Shotton at Clive Owen LLP
I spoke to all three last week for exactly the same query. Annual charges for company accounts, Vat returns, annual filing, corp tax returns and personal tax return was £1300 to £2300. All three seemed to know their onions.
John Whelan at sapphire accounting
Gavin McBride at Smith McBride; or
Kevin Shotton at Clive Owen LLP
I spoke to all three last week for exactly the same query. Annual charges for company accounts, Vat returns, annual filing, corp tax returns and personal tax return was £1300 to £2300. All three seemed to know their onions.
I suppose it depends how involved your accounts are. By the sounds of it, just simple accounts. Are you a contractor?
I've been using inniAccounts for 2 years now and I'm very happy. What I like best is the software front end they have which tells me how much money as it ring fences my tax (so I don't end up spending my Corporation tax like my mate did!), which is why I asked if you were a contractor as you might be more likely to want to extract more money from the company.
IA are £79 +vat per month but if you use my referral code then you'd get 10% off (and so would I).
Referral code: CA3693
I've been using inniAccounts for 2 years now and I'm very happy. What I like best is the software front end they have which tells me how much money as it ring fences my tax (so I don't end up spending my Corporation tax like my mate did!), which is why I asked if you were a contractor as you might be more likely to want to extract more money from the company.
IA are £79 +vat per month but if you use my referral code then you'd get 10% off (and so would I).
Referral code: CA3693
Eric Mc said:
£350 per annum is very low for the completion of limited company accounts, the related Corporation tax computations and Corporation Tax return and the submission of the accounts to Companies House and the submission of the accounts, computations and Corporation tax return to HMRC.
I think I used to pay something like that. It sounds pretty reasonable to me.
At £20 an hour, that's 17.5 hours paid work i.e. about two days work.
Straightforward tax accounts need not be complex.
The Crack Fox said:
Eric Mc said:
£350 per annum is very low for the completion of limited company accounts, the related Corporation tax computations and Corporation Tax return and the submission of the accounts to Companies House and the submission of the accounts, computations and Corporation tax return to HMRC.
I'm a sole trader, self-employed. We are discussing limited company accounts - which are often at least double the complexity of the equivalent for a similar sized sole trader - when you take into account the additional work required to satisfy Companies Act, Accounting Standards and Corporation Tax disclosure requirements.
Gassing Station | Business | Top of Page | What's New | My Stuff