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  Dan Frazer Gardening February 25, 2012 at 7:16pm

  Chris, I was quoted £250 for doing basic tax return, up to £800-ish for preparing accounts and doing the return. I can see the advantage once employing and I'll probably be in touch with someone to do my books this year as it should be a busy one.

  I expect they will pick up on a number of things we didn't know about in our favour and perhaps against us too.
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  Graeme @ BGS February 25, 2012 at 7:32pm

  I would look at this another way - not how much it costs but what it will save you. A good accountant is worth every penny.

  An old joke which is still very true today - when selecting an accountant ask three of them what 10 + 10 equal, the two that say 20 and or 19 get dismissed, select the one how asks you what you would want it to equal!
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  Nic Johnson February 25, 2012 at 7:45pm

  haha i like the sound of this :)
  
  Graeme @ BGS said:

  I would look at this another way - not how much it costs but what it will save you. A good accountant is worth every penny.

  An old joke which is still very true today - when selecting an accountant ask three of them what 10 + 10 equal, the two that say 20 and or 19 get dismissed, select the one how asks you what you would want it to equal!
• PRO

  Brian www.mibservices.co.uk February 25, 2012 at 7:53pm

  Chris expect to pay £1000 - £1200 per annum, a good accountant will save you 3 times that and avoid any that tell you, you will only pay a few hundred quid a year in tax 
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  Chris Auld February 25, 2012 at 8:06pm

  That seems a bit steep considering i only have one employee, not sure if it would be worth it?
  
  www.mibservices.co.uk said:

  Chris expect to pay £1000 - £1200 per annum, a good accountant will save you 3 times that and avoid any that tell you, you will only pay a few hundred quid a year in tax 
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  Gary Hedges February 25, 2012 at 8:09pm

  I pay £250 and a yearly hedgecut.
  My accountant saves me £££'s.
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  Chris Auld February 25, 2012 at 8:14pm

  If you dont mind me asking Gary, wht exactly does your accountant do for this?
  
  Gary Hedges said:

  I pay £250 and a yearly hedgecut.
  My accountant saves me £££'s.
• PRO

  Brian www.mibservices.co.uk February 25, 2012 at 8:22pm

  Chris if your at the employing stage, get yourself an accountant mate, they will save you a lot more than their fee
  
  Chris Auld said:

  That seems a bit steep considering i only have one employee, not sure if it would be worth it?
  
  www.mibservices.co.uk said:

  Chris expect to pay £1000 - £1200 per annum, a good accountant will save you 3 times that and avoid any that tell you, you will only pay a few hundred quid a year in tax 
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  Gary Hedges February 25, 2012 at 8:28pm

  She submits my tax return and presents me with a set of accounts.
  I must admit I do a lot of the work myself eg reconciling all my bank statements and receipts and breaking them down into categories eg fuel, stationary etc.
  Obviously it would be more expensive if I handed her a box of receipts and bank statements and let her sort it all out.
  • PRO

    Andrew @ The Outsidedge > Gary Hedges February 25, 2012 at 10:51pm

    My accountant billed me £820 inc VAT, for 10/11 the tax year. Self assessment submission cost £125 of that figure. The rest was for the preparing the accounts and sorting out items from the previous year. The more you can do to help your accountant, as in reconciling, having all the receipts in categories added up etc, the less you will be billed for. A good accountant, and more importantly, one that you can have a raport with, is money well spent. 
    
    Gary Hedges said:

    She submits my tax return and presents me with a set of accounts. I must admit I do a lot of the work myself eg reconciling all my bank statements and receipts and breaking them down into categories eg fuel, stationary etc.Obviously it would be more expensive if I handed her a box of receipts and bank statements and let her sort it all out.