Accounts going online by April 1st Page: 2

[Concrete guy]

VAT Notice 700/22: Making Tax Digital for VAT - https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat/vat-notice-70022-making-tax-digital-for-vat



VAT Returns and EC Sales List: commercial software suppliers - https://www.gov.uk/government/publications/vat-returns-and-ec-sales-list-commercial-software-suppliers/vat-commercial-software-suppliers

 

[Just Rizzle]

300 quid for an accountant are you sure he can add up, no change out of 1500 for mine last year

 

[Concrete guy]

300 quid for an accountant are you sure he can add up, no change out of 1500 for mine last year

Ultimately it comes down to how much they do for you.

If they are collating all your receipts, doing your VAT returns if you have them and effectively running your books they are a book keeper as well as an accountant and you're going to pay for it.

Our accounts costs are also only around £600 to £700 a year but that's mostly because I do the books, PAYE returns, VAT returns, EC Sales lists and all associated paperwork.

So once a year all the figures are given to our accountant and he submits them and organises our Corporation Tax.

This has the added advantage of allowing you to understand your own business in more detail and see if you're leaking cash anywhere or if you can make it more efficient.

 

[Bopster]

I’ve been using quickbooks for nearly a year now, I’m effing terrible with paperwork but this has helped massively. I switched to software as I had to go Vat reg and it was a no brained. £15 month and I do the everyday stuff then she helps with the tax and vat returns.

 

[One Day]

I think I'll have to start using quickbooks. Looks too easy not to.
May as well get used now to being fully on top of things...

 

[Bopster]

I got first 6 months at £7.50 per month, I’m still learning it as I’m also terrible on a laptop lol like I said though it helps massively

 

[Qwerty]

Do take a look at Freeagent guys, its a far superior platform with more functions and options - Easy-to-use accounting software for small businesses - https://www.freeagent.com

They also have an app and you can link any/ all of your bank, card and PayPal accounts to it

 

[MTiler]

I do my own books and give them to my accountant, he loves me for it lol. His bill is under £300. He submits my accounts online.

 

[Cstiling]

I do exactly the same, but I'm not VAT REG,d

 

[Flintstone]

I do the same, book keeping and accounting is different. I spoke to a builder about it last week and he pays nearly £300 a month to a book keeper to sort it all out