Thunderbird Posted July 17, 2017 Report Share Posted July 17, 2017 For the self-employed sole traders out there, what do you pay your (chartered) accountant per annum for a making up a set of accounts, dealing with HMRC, and submitting your tax return? Thanks. Quote Link to comment Share on other sites More sharing options...
Rupert Posted July 17, 2017 Report Share Posted July 17, 2017 approx 600, quarterly vat returns from my exel, prepare tax return, no shares or capital growth items/rental income. T/o 250k last period Quote Link to comment Share on other sites More sharing options...
Scully Posted July 17, 2017 Report Share Posted July 17, 2017 £260.00 I'm not VAT registered. Quote Link to comment Share on other sites More sharing options...
ips Posted July 17, 2017 Report Share Posted July 17, 2017 Too much 😉 Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted July 17, 2017 Author Report Share Posted July 17, 2017 approx 600, quarterly vat returns from my exel, prepare tax return, no shares or capital growth items/rental income. T/o 250k last period Thanks, I'm VAT registered but I do the returns myself. Was on the flat rate scheme until recently when they changed the rules. Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted July 17, 2017 Report Share Posted July 17, 2017 About £1800+VAT But that does include payroll including director RTI submissions, my self assessment, tax calcs for properties, holding company accounts, all HMRC correspondence and filing but not including VAT returns. We have shopped around and that seems about the going rate for our business size. Quote Link to comment Share on other sites More sharing options...
AVB Posted July 17, 2017 Report Share Posted July 17, 2017 Just starting out as Limited company. £150/month. Payroll, HMRC, self assessment and VAT. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted July 17, 2017 Report Share Posted July 17, 2017 (edited) £250 +vat per year, mind you all he has to do for that is sign off the figures I give him downloaded from my accounts software package Edited July 17, 2017 by Vince Green Quote Link to comment Share on other sites More sharing options...
Newbie to this Posted July 17, 2017 Report Share Posted July 17, 2017 Too much This, I think we pay around £600 for 2 personal and 1 partnership returns, but we use an accounting package and they just transfer onto the returns and workout what is owed. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted July 17, 2017 Author Report Share Posted July 17, 2017 I pay £600 for what I get (in the OP), but he does get the figures from me in a pretty coherent form (no going through bags of receipts) and he doesn't do the VAT. I reckon I'm paying top whack, but he's good and you do get what you pay for. After all, if you think it's expensive to hire a professional, wait till you hire an amateur. Just considering whether to shop around a bit. Thanks for the input so far chaps. Quote Link to comment Share on other sites More sharing options...
Rupert Posted July 17, 2017 Report Share Posted July 17, 2017 For my low figure i present the exel in double entry format that he helped me refine, thus doing all reconcilliations and checks,,invoices in correct order, filed and numbered, i do however only have 3/6 sales invoices per year. Quote Link to comment Share on other sites More sharing options...
Wilksy II Posted July 17, 2017 Report Share Posted July 17, 2017 I'm Self employed sole trader and my bill has been £330 the past two years before that £300 Quote Link to comment Share on other sites More sharing options...
kingo15 Posted July 17, 2017 Report Share Posted July 17, 2017 the right amount as our payments to the appropriate people is nice and low Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted July 17, 2017 Report Share Posted July 17, 2017 I was on PAYEbit had the accountant claim back upto around £1-2000 a year in expenses, I would normally give him all the figures and he would charge me £60. Sound like the guys above get a much more substantial service though. Quote Link to comment Share on other sites More sharing options...
Lord Geordie Posted July 18, 2017 Report Share Posted July 18, 2017 His Mortgage, Dom perignon, finance on his car, holidays to Mauritius, maybe even some blow! Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted July 18, 2017 Report Share Posted July 18, 2017 His Mortgage, Dom perignon, finance on his car, holidays to Mauritius, maybe even some blow! In that case his cars probably paid off Quote Link to comment Share on other sites More sharing options...
ips Posted July 18, 2017 Report Share Posted July 18, 2017 His Mortgage, Dom perignon, finance on his car, holidays to Mauritius, maybe even some blow! Ha 👍 Quote Link to comment Share on other sites More sharing options...
gemini52 Posted July 18, 2017 Report Share Posted July 18, 2017 As a sole trader not vat registered,last year I paid 190 pounds with vat. Quote Link to comment Share on other sites More sharing options...
safc1973 Posted July 18, 2017 Report Share Posted July 18, 2017 I pay £600 for what I get (in the OP), but he does get the figures from me in a pretty coherent form (no going through bags of receipts) and he doesn't do the VAT. I reckon I'm paying top whack, but he's good and you do get what you pay for. After all, if you think it's expensive to hire a professional, wait till you hire an amateur. Just considering whether to shop around a bit. Thanks for the input so far chaps. Up till 2 years ago i paid £540 per year including Vat, did a monthly spreadsheet myself of income & expenses to give to the accountant and did my own vat returns. Quote Link to comment Share on other sites More sharing options...
jonny long shanks Posted July 18, 2017 Report Share Posted July 18, 2017 As a sole trader £440 per year. I am the nightmare client. Quote Link to comment Share on other sites More sharing options...
winnie&bezza Posted July 18, 2017 Report Share Posted July 18, 2017 £960 inc VAT as a limited business. Quote Link to comment Share on other sites More sharing options...
vampire Posted July 18, 2017 Report Share Posted July 18, 2017 I'm Self employed sole trader and my bill has been £330 the past two years before that £300 As above,my bill is always £350. Quote Link to comment Share on other sites More sharing options...
amateur Posted July 18, 2017 Report Share Posted July 18, 2017 I always award myself a good bottle of Burgundy when I do my tax return and charge my team-members the same when I do theirs for them - (retired Chartered Accountant involved in a totally different type of business) Quote Link to comment Share on other sites More sharing options...
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