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#1 26-01-07 13:45:15

sue martin
Verified Member
From: National area franchises
Registered: 21-01-05
Posts: 333
Website

Accounts

Hi Folks
Just after some help and info re years accounts, how much do people pay if they have their accounts made up and for what sort of service? ie if they take a carrier bag of receipts at the end of the year to accountant and he returns bound but not audited years accounts what does that cost?, does any one do monthly accounts where they send paperwork or receipts off monthly?, and what about tax returns? does anyone get there whole returns done including investments/pensions or other stuff or is it just the self employed side of things...again how much is being charged?.....l am mulling over the idea of starting an accounts /book keeping business specialising firstly in Driving Instructors but trying to get an idea of what service instructors would want most....

Sue


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26-01-07 13:45:15

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Re: Accounts



#2 26-01-07 23:49:17

Karenadi
Guest

Re: Accounts

I use a Chartered Accountant: I keep a weekly record of payments received: all expenditure on one credit card (paid up at the end of the month) and it's a carrier bag full of statements, receipts etc to the office once a year: it comes back as a nice bound set of accounts, self assessment form completed and a nice preview of the tax I have to pay the following July and Jan.  All for the sum of £300 (tax deductable of course).  I think it's well worth the money.


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#3 26-04-07 16:30:36

taxman
Member
Registered: 26-04-07
Posts: 3

Re: Accounts

The fees can vary but why not check out TWD accountants at www.twdaccounts.co.uk - A fixed fee service at £169 plus vat.

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#4 01-05-07 20:30:54

LeanneADI
Verified Member
Registered: 20-08-05
Posts: 556

Re: Accounts

I just pop down the local tax office.  Appointment made.  All my questions and calculations answered for me.  Total cost £0!  They are actually a nice, friendly bunch and will try to save you paying more tax than you have to!


Leanne

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#5 02-05-07 08:24:13

Target
Verified Member
From: Winchmore Hill North London
Registered: 17-01-05
Posts: 5,695
Website

Re: Accounts

Did you not ask this question before.

I'll help your market research, free of charge.

I use FBTC. They have a telephone back up service and have always responded well to emails also with queries.

I use a spreadsheet to list income and outcome, all receipts are kepted in a nice little plastic sleeve.

FBTC send me a letter and new details when my tax returns are due. I did that early April and have had the report back already telling me how much I need to pay in 2008.

Still getting up off the chair, but thats the taxman for you. Everthings included. Paperwork. plastic folders.stickers. they make everything clear I just tick boxes and answer questions. On the whole takes about 2 hours to get things printed and a trip to the post office.

Costs £300, and thats a whole load of piece of mind to me.

No trips to taxman, nothing to worry about. No stress of working out figures.

I'd never just send receipts in a bag to someone. Thats a joke.


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