Agri-Hire
26th October 2005, 13:06
As part of my deliberations over whether to go ltd or not I got some quotes for accountancy charges. I knew they were going to be more expensive than sole ones, so wanted to know a ball park figure.
I amm crap with figures, so I want an accountant to do virtually everything. I will write out all the sales invoices and purchase invoices onto spreadsheets, but after that forget it.
So they will be doing everything else.
Compleet book-keeping, vat returns, tax returns, etc. Plus running a pay roll for me and one employee.
Anyway, here is one quote:
Preparation of Accounts of the company in Companies Act format;
Discussion and agreement of the same with you;
Submission to Companies House and Inland Revenue,
Together with tax computations and CT600;
Maintenance of company statutory books. £1900.00
Completion of Self-Assessment tax returns for each Director £ 200.00
Maintain payroll for 2 employees at a cost of
£3.00 per employee for setup;
£3.00 per pay slip (monthly);
£5.00 per employee for completion of the year end returns £ 88.00
Total £2188.00
Is this a lot of money or not??
It's a lot more than I pay now for a sole trader, but what do you think??
I amm crap with figures, so I want an accountant to do virtually everything. I will write out all the sales invoices and purchase invoices onto spreadsheets, but after that forget it.
So they will be doing everything else.
Compleet book-keeping, vat returns, tax returns, etc. Plus running a pay roll for me and one employee.
Anyway, here is one quote:
Preparation of Accounts of the company in Companies Act format;
Discussion and agreement of the same with you;
Submission to Companies House and Inland Revenue,
Together with tax computations and CT600;
Maintenance of company statutory books. £1900.00
Completion of Self-Assessment tax returns for each Director £ 200.00
Maintain payroll for 2 employees at a cost of
£3.00 per employee for setup;
£3.00 per pay slip (monthly);
£5.00 per employee for completion of the year end returns £ 88.00
Total £2188.00
Is this a lot of money or not??
It's a lot more than I pay now for a sole trader, but what do you think??