Do I need an accountant?
I am a sole trader, but mainly need someone to help me sort out budgeting and paying back debts. End of year accounts I can do myself-particuarly with online self assesment. Am I wasting time and money going to an accountant?
United Kingdom - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You are better with an accountant,when dealing with tax man and VAT man ,if you are registered for VAT, at the end of each financial year. The signature of a registered accountant makes all the difference and in my view worth every penny.
Answer 2 :
Talk to a tax advisor at least, if not an accountant, to get some advice about your returns. With regard to the budgeting and creditors/debts, they can set up your records so that you can track due payment dates and lodgements etc to see what's coming up and how the funds are. I find you really have to do most of the legwork yourself - I draw up a creditor list at the start of each week for the month ahead, and a payment plan. It usually works well, but it does need tending to - otherwise the bills can pile up before you know where you are. Good luck!
Answer 3 :
There are accountants that deal with small firms. I had one when I was a driving instructor working for myself and found him well worth the small fee he charged
Answer 4 :
yes, an accountant will save you money, (more than they charge you. works out 3/1 in your favour).....Just do it, it's well worth it.....I am speaking from experince......I was self-employed for 8 years.....never paid a 1p in tax......down to my accountant.
Answer 5 :
I would say it would be worth paying one on a one off basis just to go over things, they may be able to help you save some money or give advise about changes.
Answer 6 :
Presuming paying back debts are amounts owed by your customers, you would not necessarily require an accountant. A competent bookkeeper would be able to help you sort out budgets and chase your bad debts. However, using an accountant can often save money in the long run. You could write up your own books, produce a profit and loss account and balance sheet and ask an accountant to review these. An accountant should do more than check your records. Accountants keep up with government legislation, and can often save you money when there are various options on how to treat certain transactions. Accountants can very often save you tax. They will give you advise on whether to lease, buy via a loan or hire purchase, when this arises. They would provide information to mortgage suppliers. Banks and mortgage suppliers would often require a third party to verify your profits. Accountants would also advise you on what you can and cannot claim. These are just a few services an accountant can provide. The list is endless. Why not visit two or three accountants, and find out what they can do for you. Most accountants will not charge for an initial meeting.
Answer 7 :
You do not have choice. An accountant is a must he has been trained he has the knowledge he greets you nicely at the first visit, free of charge, he'll save time and tax money but once you're on his book....beware, all the gain you get is his reward.
Answer 8 :
Beware, if you want an accountant to deal with the Revenue that is for Self Assessment, VAT, PAYE, first you must complete a form 64-8 which authorises that accountant to discuss your tax affairs with the Revenue under the Data Protection Act, otherwise the Revenue should not discuss your tax affairs with anybody but you. That means your wife/partner can not discuss your tax affairs. Once you give the Revenue that authority they will discuss your tax affairs with the accountant, particulary if you nominate all post etc to go to your accountant first. HOWEVER, it is you that remain the responsible person. You CANNOT blame your accountant if tax returns are submitted late and you receive penalties, it remains your responsibility to ensure your accountant does the correct thing at the correct time. There are accountants out there that do not, and then leave you holding the baby as there is no come back on them.
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Tuesday, August 28, 2012
Tuesday, August 14, 2012
Hi, I'm currently 40 years old, single, no children, female, full-time navy stores accountant, I have tried to?
Hi, I'm currently 40 years old, single, no children, female, full-time navy stores accountant, I have tried to?
Hi, I'm currently 40 years old, single, no children, female, full-time navy stores accountant, I have tried to transfer but there is no requirements for suppliers. I have 2 properties, what would you suggest for me to do in order to get immigration to either australia/new zealand, or canada. What are the upper age limits?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I am pretty sure that your age would be no hindrance at all, you still have 20-25 years available in the workplace to contribute to their economy. You have no ties family wise, have a good profession and your finances are likely to be better than most migrants. To be honest i would have thought that you would be the sort of migrant any of these countries would welcome with open arms as you would almost certainly be a contributor to their economy and not a drain on it and a valued member of their society Your biggest problem may be which to choose from!
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Hi, I'm currently 40 years old, single, no children, female, full-time navy stores accountant, I have tried to transfer but there is no requirements for suppliers. I have 2 properties, what would you suggest for me to do in order to get immigration to either australia/new zealand, or canada. What are the upper age limits?
Corporations - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I am pretty sure that your age would be no hindrance at all, you still have 20-25 years available in the workplace to contribute to their economy. You have no ties family wise, have a good profession and your finances are likely to be better than most migrants. To be honest i would have thought that you would be the sort of migrant any of these countries would welcome with open arms as you would almost certainly be a contributor to their economy and not a drain on it and a valued member of their society Your biggest problem may be which to choose from!
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Tuesday, August 7, 2012
how much commission paid to recruitment agent from employer, for a post like accountant or actuary?
how much commission paid to recruitment agent from employer, for a post like accountant or actuary?
Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
They recruitment agency is usually paid an percentage of the salary taken up.
Answer 2 :
20%
Answer 3 :
Agencies generally take a % of the final agreed salary for the successful candidate - this figure is normally between 15 - 20% dependent on which agency.
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Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
They recruitment agency is usually paid an percentage of the salary taken up.
Answer 2 :
20%
Answer 3 :
Agencies generally take a % of the final agreed salary for the successful candidate - this figure is normally between 15 - 20% dependent on which agency.
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Wednesday, August 1, 2012
Do you know of a good accountant in Leicestershire/Northamptonshire/Bedfordshire ??
Do you know of a good accountant in Leicestershire/Northamptonshire/Bedfordshire ??
By good I mean a firm that specialises in dealing with the self employed and small limited companies. A firm that knows the legal tax loopholes and is happy to tell you about them. I currently use a big 'well respected' firm but they are not interested in businesses below £500K turnover and can take a month to answer a simple tax query while charging a huge amount. So if you are one, or you use one, please let me know.
Other - United Kingdom - 0 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
i have used one in leicester and one in northampton ... how strange dont think i ought to put their details on here though and you dont accept email
Answer 2 :
why not do it by post or on the web. our accountants are in hampshire and have done our a/c since1982,they are good. cornishandco.couk queen st emsworth hants
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By good I mean a firm that specialises in dealing with the self employed and small limited companies. A firm that knows the legal tax loopholes and is happy to tell you about them. I currently use a big 'well respected' firm but they are not interested in businesses below £500K turnover and can take a month to answer a simple tax query while charging a huge amount. So if you are one, or you use one, please let me know.
Other - United Kingdom - 0 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
i have used one in leicester and one in northampton ... how strange dont think i ought to put their details on here though and you dont accept email
Answer 2 :
why not do it by post or on the web. our accountants are in hampshire and have done our a/c since1982,they are good. cornishandco.couk queen st emsworth hants
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