Need rid of my accountant fast...Any good ones for under 50/pm

[rd409]

Could one of you f***ing idiots please explain what you think is going to be wrong with a '£50' accountant ?

Your little one man ltd is NOT complicated and does not require a 'specialist' to do your accounts.

There are thousands of what you call '£50 accountants' out there doing accounts for businesses a damn site bigger and more complicated than yours for £50 a month.

I love the way people on here claim to be 'in business' and then go on to prove time and again that they know nothing about running a business

Edit - I pay £50 per month and don't need to do anything other than email a spreadie to my accountant every month. If I want a question answered, I phone them and they answer it. Your so called 'specialist contractor accountants' are ripping it right out of you.

It's not just about money all the time. Yes I can save some money by doing it myself, but then I can save a lot more money cooking the food myself at my home. Still I go out and enjoy the luxury and convenience of restaurants. Don't I? Consider this on a similar scale. I have an accountant, and just out of interest, I also do my own set of accounts. So far, both the figures match accurately, but still I am going to keep the accountant, as I prefer that way. Having an accountant is not mandatory I guess, but most of us here, do it for the sake of simplicity, and convenience of not keeping up to date with the law changes.

HTH. Dave.

[Danielsjdaccountancy]

Income splitting was seen as a bad idea while Arctic was in progress. Once that was resolved, its no longer a concern. The £12k is only a suggestion, but it's based on the idea that other contractor-related legislation such as "what is a business" may well use NMW as one of the criteria (as is indeed the case, from what I've seen coming out of assorted working parties).

They are only giving advice based on a cautious approach. If you have better advice from your own resources, or a lower risk threshold, then use it. You pay the accountant, they will only refuse to do what you say if it's illegal or potentially damaging.

At the end of the day, its your company and your money (and your court case). Accountants only advise, the difference being they get sued if they get it wrong.

Have to agree with Mal here.

It is your company and your responsibility. We are here as advisors only. If you wish to do something with your company that we haven't advised then please challenge us. We want you to achieve the maximum from your company.

I welcome all my clients to challenge me on any point, it gives me the comfort they are in control of their company and we are working together.

We see new rules and regulations being proposed all the time, so, as professionals we have to be cautious and make clients aware of any potential pitfalls.

Surely its better we do this than say, yes, yes, yes to everything?

[d000hg]

Could one of you f***ing idiots please explain what you think is going to be wrong with a '£50' accountant ?

Your little one man ltd is NOT complicated and does not require a 'specialist' to do your accounts.

Are you still flogging that dead, rotting horse? 1-man contractor companies are subject to legislation which doesn't affect a typical Ltd. Did I put it simply enough for you to understand? It's not about being complicated, as about the accountant being familiar with the nuances of how laws apply to their clients. A typical accountant probably wouldn't be hot on the rules if your company was selling to Japan either.

[cojak]

No swearing or bickering in here please.

Show respect.

[Wanderer]

It is your company and your responsibility. We are here as advisors only. If you wish to do something with your company that we haven't advised then please challenge us. We want you to achieve the maximum from your company.

That's a bit of a cop out. SJD advising me to take £12,000 salary and not to do income splitting with a non working spouse is hardly helping me to achieve the maximum from my company, is it?

[d000hg]

That's a bit of a cop out. SJD advising me to take £12,000 salary and not to do income splitting with a non working spouse is hardly helping me to achieve the maximum from my company, is it?

Some accountants are just more cautious by nature.

[malvolio]

That's a bit of a cop out. SJD advising me to take £12,000 salary and not to do income splitting with a non working spouse is hardly helping me to achieve the maximum from my company, is it?

Did you specifiy that as a requirement? Because that solution is riskier than what they did propose.

And if you read their website, they do have a three-year rolling scheme that returns 85% or more, using onshore solutions. But they don't reccommend you use it.

[Danielsjdaccountancy]

That's a bit of a cop out. SJD advising me to take £12,000 salary and not to do income splitting with a non working spouse is hardly helping me to achieve the maximum from my company, is it?

Did you challenge this with your accountant? We advise a way of running your Limited company that is tax efficient and gives you as little exposure to HMRC as possible.

We are aware of other ways in which you can maximise your take home but we wouldn't always recommend them for fear of putting a client at risk.

If you hear of different schemes, tax saving techniques, then yes you should discuss this with your accountant, and if you personally feel happy to run your company that way, then tell us, and we will (provided it is legal) help you to run your company that way.

In no way would we tell a client how to run their company, it’s not our position to do that.

We are advisors and work alongside our clients.

[Ravello]

Did you challenge this with your accountant? We advise a way of running your Limited company that is tax efficient and gives you as little exposure to HMRC as possible.

We are aware of other ways in which you can maximise your take home but we wouldn't always recommend them for fear of putting a client at risk.

If you hear of different schemes, tax saving techniques, then yes you should discuss this with your accountant, and if you personally feel happy to run your company that way, then tell us, and we will (provided it is legal) help you to run your company that way.

In no way would we tell a client how to run their company, it’s not our position to do that.

We are advisors and work alongside our clients.

Maybe the Scottish office is, but not the one that I was with. I had to suggest/request pretty much every aspect of managing my accounts, right down to FRS for VAT; I don't recall any advice beyond what is included in the starter pack.

I'm quite comfortable that I read up on most details and hence made my own decisions, but I would expect to receive advice, and, where applicable have alternatives outlined (e.g. income splitting). None of which was forthcoming, which in essence means SJD are telling clients how to run their business, by virtue of the fact that alternatives are not discussed.

[Danielsjdaccountancy]

Maybe the Scottish office is, but not the one that I was with. I had to suggest/request pretty much every aspect of managing my accounts, right down to FRS for VAT; I don't recall any advice beyond what is included in the starter pack.

I'm quite comfortable that I read up on most details and hence made my own decisions, but I would expect to receive advice, and, where applicable have alternatives outlined (e.g. income splitting). None of which was forthcoming, which in essence means SJD are telling clients how to run their business, by virtue of the fact that alternatives are not discussed.

Hi Ravello,

Can I ask, did you request to meet with your accountant to sit down and discuss your needs? It's from here that I find I can help the client mould the company to their needs.

FRS should have been mentioned to you, however I know our accountants wouldn't propose income shifting due to HMRC not being fans of it. Would you really want an accountant advising you to do something which you they knew rubbed HMRC up the wrong way?