Fair or unfair?

Fair or unfair?

Postby sabreone0 on Fri Nov 11, 2011 11:23 pm

Hello all, keen for some advice please. Our current accountant seems to be charging us quite a lot of money - approximatley 3.5% of turnover. We have an annual turnover of approximately £150k.

The services our accountant currently assists us with are :
Corporation tax
Book keeping
(sales are minimal as generally there is only a single invoice per day)
(purchases are again minimal as our business is a garden services provider)
Quarterly online VAT return
PAYE for 2 directors only (all other staff are contractors)

We provide our receipts quarterly, with 3 PDF months worth of bank statements and a spreadsheet showing all invoices and cheques written for the quarterly period. So, just the receipts to enter onto Sage and reconcilation with the bank statements and VAT online filing for the day to day running. And end of year corporation tax as an annual requirement.

Please advise if the current fees that we are being charged for our accountancy are expensive or about right?
Many thanks all..
sabreone0
 
Posts: 3
Joined: Wed Nov 02, 2011 11:39 am

Re: Fair or unfair?

Postby section 44 on Sat Nov 12, 2011 9:08 am

Shop around, get some quotes.
section 44
 
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Joined: Thu Oct 30, 2008 12:47 pm

Re: Fair or unfair?

Postby AvocadoK on Sat Nov 12, 2011 7:38 pm

Also, ask your accountant whether there is anything you can do to make the fees lower. For example, is the spreadsheet in a format that can be readily used, or is the accountant having to spend time re-working it in some way?
AK
AvocadoK
 
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Joined: Wed Aug 06, 2008 3:46 pm
Location: Lancashire


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