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Well I don't use an accountant (do my own) but that sounds like an awful lot given that you'll be doing most of the work yourself
Better take the opinions of those who do use one....
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I think I used to pay between £200 - £350 before I incorporated.
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thats why i started this thread to get an idea if i was being over charged or not
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Originally Posted by
blitz
thats why i started this thread to get an idea if i was being over charged or not
That's the point though, no-one can tell you that unless you know exactly what the accountant will be doing for you.
I pay a lot more than you were quoted, but then I run a Ltd Co and am Vat registered and that is a hell of a lot more involved.
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blitz, he will get you to buy a copy of either Sage or Quickbooks.
That way you can enter your own invoices (out and in) and he then can pick up the data file and do the financial analysis.
Pretty standard nowadays and £350 sounds reasonable.
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I do my own accounts, but I find it easy with my organizational skills and having the knowledge acquired from working in a bank for 24 years!
I also know a professional accountant, and I know I can always ring her up for advice if there is anything I'm not sure of.
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I will be doing my own this year has i havent done a lot of gigs so i dont see the point of paying out a few hundred pounds were i can sort it out myself for free.
My other half and her mum both work for HM Revenue so if i need help i'll just ask them. From april 08 to april 09, if i do get a lot of bookings then i will pay for an accountant. Just easier.
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