What Are The Benefits of an ACCOUNTANT

[tizo]

:lol:

I work in full time employment but also run a business on my days off with my wife as a partner. We run as a partnership and every year I have a friend who is a tax inspector that comes and checks my books plus fills in our tax returns for our employment and our partnership.
Is there any point in having an accountant?

Could you please reply to ozituk@yahoo.com with any advise.
Thank You
Malcolm

[Rob Holmes]

I would say it depends if the tax inspector helps you make the most of every legal way of saving money or not.

Why not take the last years accounts to an accountant and see if every legal (and I stress legal) avenue was utilised to minimise your taxable profit.

Rob

[tizo]

:lol: Thanks for the advise Rob !!!!!!!!!!!!!!

[Joyous]

Definitely have to agree with Rob on that one. Despite being your friend, a tax inspector works for the Revenue whereas your accountant works for you. As a result they are coming from opposite directions when deciding what to claim on a tax return. Accountants spend a significant amount of time arguing (often successfully) with tax inspectors over what is and what is not allowable.

Regards

Joy

[Jayne]

Plus it save you all the hassle of doing it all yourself, money well spent in my eyes :D

Daren at 1st accountancy solutions is mine, he's on here, PM him and he'll tell you what ever you want to know. He's really nice :D

Jayne

[Darren@1stAccountancy.biz]

Plus it save you all the hassle of doing it all yourself, money well spent in my eyes :D

Daren at 1st accountancy solutions is mine, he's on here, PM him and he'll tell you what ever you want to know. He's really nice :D

Jayne

Cheers Jayne....think will have to put you on commission!!

[Jayne]

I'm not cheap :lol:

Jayne