Nervous Newbie
Still gathering requirements...
My previous accountant charged £150+vat for basic EOY accounts based off my freeagent data but he has stopped trading. Some of the prices I'm now seeing online seem pretty wild by comparison. Can anyone recommend an accountant with a low price for this? Thanks
I've been with same folk for nearly 5 years. Last year they were taken over and merged offices. Service has gone down the toilet since.
This morning I pointed out an error on FreeAgent by asking why the expenses outstanding appeared inflated.... I got the reply "The balance owe increase due to expenses claimed through the company."
I asked for a discussion with someone about tax efficient way of closing the business down when I want to pack it it" and I got 3 bullet points about the Companies Register,
strewth,,,I pay for this... time to move
Should post faster
merely at clientco for the entertainment
Nervous Newbie
Hello. I'm looking for an accountant that can handle the accounts for a small consultancy, a few BTL properties purchased through an SPV and possibly a holding company.
Reading through the threads, it seems like Gorilla Accounting is the best shot here?
Fingers like lightning
I've been with Gorilla for over a year now - they sorted out the car crash Dynamo left my accounts in and were professional and prompt. WAs also applying for a mortgage so they put my EoY through quickly. Very happy and would recommend.
Nervous Newbie
I'm with Gorilla as well, but i'm not sure on the service. I'm not sure if it's a bit overpriced. I think it's quite expensive for doing not a lot i.e. proactive albeit I dont know what else there is. That being said, freeagent works ok so if i were to move i'd want to have an online system. Gorilla doesnt use the tax calcs that are in freeagent so they arent accurate. Accountancy is not my strong point and I really struggle to understand what i'm seeing and this makes me feel exposed.
This is a common misconception. See how expensive it gets if you do your accounts yourself and make a mistake. If you're already qualified / part-qualified in accountancy or have years of practical experience then you'll be fine. However, the majority of people seem to think it's about managing a bank account.
That's probably because of the assumptions being made by FA to give its estimates. These are then overidden by an accountant who knows more about your business than an algorithm.
Regarding your last sentence - do a book-keeping course or something like this from the OU: B124 | Fundamentals of Accounting | Open University It's your responsibility to understand your financial statements and if you don't know then you need to educate yourself. Ask your accountant to explain things to you too.
EDIT: there's a free OU course on bookkeeping that should be useful: Introduction to bookkeeping and accounting - OpenLearn - Open University - B190_1
Last edited by ladymuck; 14th January 2021 at 14:33.