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Thread: Accountants

  1. #1
    Charlie Brown's Avatar
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    Default Accountants

    I've took the leap and got myself a decent accountant today. Paul recommended a company ages ago (who were great) but I wanted someone local.

    It's costing a bit more than I expected but hey ho.

    What software do you guys use for doing your in's and out's?

    She is going to send me a few links but wondered what you guys use. Perhaps you think excel does the job fine?

    Cheers.

  2. #2
    discomobiledj's Avatar
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    Excel.

    You should have asked Tom's dad!!!
    Steve

  3. #3
    Charlie Brown's Avatar
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    Quote Originally Posted by discomobiledj View Post
    Excel.

    You should have asked Tom's dad!!!
    Cheers.

    I won't even comment on the second part.

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    Excel works for me Charlie

  5. #5
    Charlie Brown's Avatar
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    Quote Originally Posted by MikeW View Post
    Excel works for me Charlie
    Cheers!

    The lady recommended doing it by this online system. It's a tenner a month and apparently does it for you. I'm trying to find the link.

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    Something like this?: http://www.kashflow.com/

    Bit pricey imo but hey ho

  7. #7
    Vectis's Avatar
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    Excel will be fine for now until you're earning serious money

    HMRC on require simplified accounts so no need to get silly with it. £10 a month is £120 a year of which you can only offset 20% ...

  8. #8
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    Agree with above.

    Excel for me
    darylldj.co.uk , serving hampshire , Surrey and sussex

  9. #9
    Charlie Brown's Avatar
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    Quote Originally Posted by Vectis View Post
    Excel will be fine for now until you're earning serious money

    HMRC on require simplified accounts so no need to get silly with it. £10 a month is £120 a year of which you can only offset 20% ...
    What are you suggesting?

    You're probably right.

    I'll keep it basic.

    £300/350 seem the right price for an accountant?

  10. #10
    Vectis's Avatar
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    Quote Originally Posted by Charlie Brown View Post
    £300/350 seem the right price for an accountant?
    A tad on the high side (for what you need - knowing a little about your business) but not excessively so. Maybe she's heard about your record-keeping

    Don't forget that professional fees are tax deductible so that £300 just became £240 out of your own pocket
    Last edited by Vectis; 14-02-2011 at 08:19 PM.

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