Accountancy costs

**Darren@UptonAccountants** · 19 September 2006, 15:59

Acccountants

How much are you paying at the mo?

**Ardesco** · 19 September 2006, 16:07

I would guess at about a grand a year.

Cue flames....

**oraclesmith** · 19 September 2006, 16:09

Just under £90 a month, which is about £1k per year. Includes PAYE runs as and when required.

**malvolio** · 19 September 2006, 16:19

Wrong question. Work out how much is your accountant saving you in correct filing of data and calculating correct payments so avoiding interest and penalties (probably £200-ish a year, but last time I tried it was rather more), plus however much time you would need to do it yourself accurately at double your normal rate, since you would be using up your downtime to do it (in my case something like 15 man days a year, or around £15k)

Work that out, then if he charges more than that, he's too expensive.

**Mustang** · 21 September 2006, 16:17

Mal' you really are a wise old bird (no offence intended!!). You are so right - I guess my "think as a business" hat fell off for a moment.

I have used him as a personal accountant for a number of years and he has always managed to get me a tax refund. He is professional and thorough. When I visited him recently to discuss my end of year accounts for Companies House he was very good. The amount he saved in CT by declaring a bonus more than covered his fee!!

I guess when you look at any amount in isolation it looks a lot but when you put it into perspective it isn't so bad!!

Thanks for helping me see the other perspective!!

**gravesendboy** · 22 September 2006, 08:54

Intrigued

How did your accountant save you CT by declaring a bonus .. are we talking paye bonus or through a dividend .. please clarify as if he can do this and you do not incur any personal tax as a result of this bonus, I would be interested in his services!!

Accountancy costs