Accountants

[aph257]

Who has an Accountant or do your own accounts? I'm in my 1st year as Sole Trader and asking for advise on whether to use an Accountant or do my own accounts. your opinions please.:juggle:

 

[merlecollins]

Hi Paul,

It will depend on your knowledge with accounts really, my wife is an accountant so she does them for me - but you can get book-keeping software that is very easy to use

Have a look in somewhere like PC World at accountancy programmes. 'Sage' do the best ones IMO.

This one is the entry level programme and will do you fine if a one man band

Sage Instant Accounts v16 - Sage UK Store

 

[CJ CERAMICS]

i do my own accounts with the help of a friend (she is an accountant) as business is not exactly flying at the moment....just remember to keep all your receipts save just in case.
chris

 

[merlecollins]

just remember to keep all your receipts save just in case.

That is the buzz word for all the self employed:smilewinkgrin:

 

[Scott]

As above keep everything you can. I use an accountant but do as much of the book work as i can. No point in giving an accountant a carrier bag full of receipts to sort into months when you can do it yourself.

 

[Deleted member 9966]

Grumpygrouter got it right, he's an accountant AND a tiler :hurray:

 

[Gazzer]

I have the same accountant as i had 30 years ago...well same company. Just been to see him tonight and I feel its money well spent.

 

[SandyFloor]

I use a spreadsheet for money in/ money out, file all receipts and the accountant does the rest for £220 + vat. Saves a lot of grief and a probably a lot of tax.

 

[White Room]

I use a spreadsheet for money in/ money out, file all receipts and the accountant does the rest for £220 + vat. Saves a lot of grief and a probably a lot of tax.

Same as but pay nearly £400 a year including vat.........

 

[Pebbs]

I have a nice lady who does the books and the cis stuff and the wages and the tax certificates. Then its all handed over to the accountants at the end of each year. Both are worth their weight in gold, the good thing about the Accountant he knows every trick going, what to claim for, what to spend money on, and what not to. You have to remember the Inland Revenue are there for one thing, to get in as much money from you as possible. You need a good accountant to guide you.

Pebbs

 

[Gazzer]

Same as but pay nearly £400 a year including vat.........

I pay a lot less than that and dont do anything other than put everything in a box.

 

[White Room]

I pay a lot less than that and dont do anything other than put everything in a box.

God knows how much I would get charged for that:yikes:

 

[Gazzer]

God knows how much I would get charged for that:yikes:

Its actually how they told me to do it. i do keep a rough track of things for my own records but they have always done good by me.

 

[Diamond Pool Finishers]

my mrs does are account's, then just ring's them up and tell's them :hurray::hurray::hurray:

 

[Scott]

Mine is about £250