How much are you paying your accountant ?

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  • halfpint
    GFY's Halfpint
    • Jun 2007
    • 15223
    #1

    How much are you paying your accountant ?

    I mainly work offline now but I am still self employed and this year my accountant fees just went up by £30 pounds. Was paying £320 pounds per year now its gone up to £350 pounds per year. How much are you paying for your accountant or has the fees gone up as well ?

    Also how many of you keep all your incomings and outgoings on computer ? or do u just use the old fashion way of paper like I do.
    I only use the computer for submitting daily reports of my earnings to the company I work for which I do keep and also recieve on paper at the end of the month, my earnings from them. I also keep a record on paper of everything I have earned for each day which my accountant uses along with all the receipts ect

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    • scottybuzz
      Too lazy to set a custom title
      • May 2006
      • 14799
      #2
      fuck i paid £900 this year. looks like i need to find someone new.
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        • halfpint
          GFY's Halfpint
          • Jun 2007
          • 15223
          #3
          Originally posted by scottybuzz
          fuck i paid £900 this year. looks like i need to find someone new.
          wow are u serious that guy is ripping you off

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            • Sly
              Let's do some business!
              • Sep 2004
              • 31377
              #4
              Originally posted by halfpint
              wow are u serious that guy is ripping you off
              It's impossible to make that judgment without knowing more about his financial set up.
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                • Dirty F
                  Too lazy to set a custom title
                  • Jul 2001
                  • 59204
                  #5
                  Huh? I pay 100 euros per hour.

                    Comment

                    • BlackCrayon
                      Too lazy to set a custom title
                      • Jun 2003
                      • 19634
                      #6
                      for a one man setup, i don't see why you don't just do it yourself.
                      you don't know you're wearing a leash if you sit by the peg all day..

                        Comment

                        • Relentless
                          www.EngineFood.com
                          • Aug 2006
                          • 5697
                          #7
                          You are much better off paying a good accountant a fair wage for his work than paying the government for the faulty work you got done 'cheaply' by a bad accountant... Accountants are like coders, "cheap" is not what you really want even if it is what you think you want. I love when idiots like H&R Block advertise they will get you the 'maximum tax refund' - I wonder where they are when you get audited and it turns out you owe penalties and fines for shortcuts they took to make you feel like they saved you money. It's your liability, not theirs, so a bad accountant is gambling with you bankrolling them... not the other way around.
                          Last edited by Relentless; 01-15-2013, 12:06 PM.


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                            • halfpint
                              GFY's Halfpint
                              • Jun 2007
                              • 15223
                              #8
                              Originally posted by Relentless
                              You are much better off paying a good accountant a fair wage for his work than paying the government for the faulty work you got done 'cheaply' by a bad accountant... Accountants are like coders, "cheap" is not what you really want even if it is what you think you want. I love when idiots like H&R Block advertise they will get you the 'maximum tax refund' - I wonder where they are when you get audited and it turns out you owe penalties and fines for shortcuts they took to make you feel like they saved you money. It's your liability, not theirs, so a bad accountant is gambling with you bankrolling them... not the other way around.
                              you may be right this is the second year I have used him and he is a guy on his own but i end up only paying around 18% tax instead of 25% which to me is pretty good I only found him through a friend who also uses him

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                                • halfpint
                                  GFY's Halfpint
                                  • Jun 2007
                                  • 15223
                                  #9
                                  Originally posted by BlackCrayon
                                  for a one man setup, i don't see why you don't just do it yourself.
                                  haha tried that online with self assement I gave up after an hour or so

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                                    • Struggle4Bucks
                                      Sieg Hi!
                                      • May 2011
                                      • 3615
                                      #10
                                      Originally posted by halfpint
                                      I mainly work offline now but I am still self employed and this year my accountant fees just went up by £30 pounds. Was paying £320 pounds per year now its gone up to £350 pounds per year. How much are you paying for your accountant or has the fees gone up as well ?

                                      Also how many of you keep all your incomings and outgoings on computer ? or do u just use the old fashion way of paper like I do.
                                      I only use the computer for submitting daily reports of my earnings to the company I work for which I do keep and also recieve on paper at the end of the month, my earnings from them. I also keep a record on paper of everything I have earned for each day which my accountant uses along with all the receipts ect
                                      I pay around 350 euros every 3 months...
                                      Half troll half amazing!

                                        Comment

                                        • pornguy
                                          Too lazy to set a custom title
                                          • Mar 2003
                                          • 62910
                                          #11
                                          Originally posted by Relentless
                                          You are much better off paying a good accountant a fair wage for his work than paying the government for the faulty work you got done 'cheaply' by a bad accountant... Accountants are like coders, "cheap" is not what you really want even if it is what you think you want. I love when idiots like H&R Block advertise they will get you the 'maximum tax refund' - I wonder where they are when you get audited and it turns out you owe penalties and fines for shortcuts they took to make you feel like they saved you money. It's your liability, not theirs, so a bad accountant is gambling with you bankrolling them... not the other way around.
                                          If they sign the prepared by, then they legally have to have a rep available in case of audit.
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                                            Comment

                                            • v4 media
                                              Confirmed User
                                              • Feb 2005
                                              • 2934
                                              #12
                                              I file my own returns, but I did work at an accountants for 5 years, so know what I'm doing.
                                              Self employed, not a company so nothing complicated.

                                                Comment

                                                • Relentless
                                                  www.EngineFood.com
                                                  • Aug 2006
                                                  • 5697
                                                  #13
                                                  Originally posted by pornguy
                                                  If they sign the prepared by, then they legally have to have a rep available in case of audit.
                                                  And YOU have to pay for any mistakes they made or chances they took that come out during the audit. You are the house... he is only the dealer. When he loses, it comes out of your bank, not his - so he can take chances and look like a genius for years until you get audited and owe for anything he did along the way while he has virtually zero liability unless he did something egregiously illegal.
                                                  Last edited by Relentless; 01-16-2013, 10:23 AM.


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                                                    Comment

                                                    • Klen
                                                      • Aug 2006
                                                      • 32234
                                                      #14
                                                      0$,i do it by myself

                                                        Comment

                                                        • Emil
                                                          Confirmed User
                                                          • Feb 2007
                                                          • 5655
                                                          #15
                                                          $1500 USD... Too lazy to find a cheaper one...
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                                                            • Minte
                                                              Babemeister
                                                              • Jun 2001
                                                              • 7081
                                                              #16
                                                              The outside firm that does our compilations,yearend,proforma's...I have put someones kids through Harvard. Our internal accountants. Not as much.
                                                              You might not be as anonymous as you think you are.

                                                                Comment

                                                                • Lykos
                                                                  Too lazy to set a custom title
                                                                  • Apr 2003
                                                                  • 31027
                                                                  #17
                                                                  Fuck that's cheap, i pay 500 eur a month for all

                                                                    Comment

                                                                    • mineistaken
                                                                      See signature :)
                                                                      • Apr 2007
                                                                      • 29656
                                                                      #18
                                                                      Originally posted by Lykos
                                                                      Fuck that's cheap, i pay 500 eur a month for all
                                                                      I am pretty sure this thread is confusing because some (and OP) are talking about accountants to do their personal taxes (you know those that we - you and me do by ourselves) and you are speaking about accountant for your business.

                                                                      2 different things mixed up in this thread

                                                                        Comment

                                                                        • Webmaster Advertising
                                                                          So Fucking Banned
                                                                          • Sep 2003
                                                                          • 1360
                                                                          #19
                                                                          We pay our guy around $1000 a year depending on ow many of our companies he prepares the accounts for, that being said, we also use him for random financial business stuff throughout the year so he cuts us a break on his fees for tax purposes.

                                                                            Comment

                                                                            • SilentKnight
                                                                              Megan Fox's fluffer
                                                                              • Oct 2005
                                                                              • 24812
                                                                              #20
                                                                              Our accountant charges clients $800 to do their corporate year-end.

                                                                              But since it's my father-in-law...he insists we pay him with a chinese food buffet meal.

                                                                              Equitable trade.

                                                                                Comment

                                                                                • RazorSharpe
                                                                                  Confirmed User
                                                                                  • Aug 2001
                                                                                  • 2238
                                                                                  #21
                                                                                  Originally posted by pornguy
                                                                                  If they sign the prepared by, then they legally have to have a rep available in case of audit.
                                                                                  Not so in the UK. If YOU sign off on their end accounts YOU are liable for ANY penalties.
                                                                                  Programming today is a race between software engineers striving to build bigger and better idiot-proof programs, and the Universe trying to produce bigger and better idiots. So far, the Universe is winning.

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                                                                                    • vdbucks
                                                                                      Monger Cash
                                                                                      • Jul 2010
                                                                                      • 2773
                                                                                      #22
                                                                                      We use turbotax and file ourselves... Not that hard if you keep your books in order...

                                                                                        Comment

                                                                                        • L-Pink
                                                                                          working on my tan
                                                                                          • Mar 2005
                                                                                          • 39151
                                                                                          #23
                                                                                          I pay $175.00 an hour. Usually 3-4 hours per quarter. Extra three to compile and file at end of year.

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