Accountants

[lazy farmer]

Does anybody put their accounts out to tender ?

 

[Farma Parma]

Does anybody put their accounts out to tender ?

WHAT & WHY? must have had some really bad advice or feel well n truly ripped off.

 

[Wesley]

Surely a good accountant you trust is worth more than saving a few quid? Unless you don’t feel you have the former?
Edit - There’s nothing wrong with asking prices though for comparison.

 

[lazy farmer]

We are paying £7500 for a partnership and a Ltd company.was told that in reality the hrs booked I should have paid 10k plus and in all reality will next yr. I did have questions through out the yr.
our info is delivered online in a compatible form to their systems. They were dealt with by an intern and were taken over by another. Their questions were fielded in the most part by our farm secretary who became increasingly frustrated by their basic and repetitive nature.

 

[Fergieman]

Depends so much on what they are doing for you. I am paying about a 1/3 of what your paying but they are just preparing our end of year accounts and submitting tax assessments (along with some advice).

 

[lazy farmer]

Depends so much on what they are doing for you. I am paying about a 1/3 of what your paying but they are just preparing our end of year accounts and submitting tax assessments (along with some advice).

Not much different. They provide a management page at the back and offer advice on how to appropriate the profits in a tax efficient manner. Is that worth £5k ?

 

[Cowabunga]

Not much different. They provide a management page at the back and offer advice on how to appropriate the profits in a tax efficient manner. Is that worth £5k ?

If it saves you £5k in tax that you would otherwise have to pay, then your accountant is paid for.

 

[Will Blackburn]

We are paying £7500 for a partnership and a Ltd company.was told that in reality the hrs booked I should have paid 10k plus and in all reality will next yr. I did have questions through out the yr.
our info is delivered online in a compatible form to their systems. They were dealt with by an intern and were taken over by another. Their questions were fielded in the most part by our farm secretary who became increasingly frustrated by their basic and repetitive nature.

Sounds expensive, sounds like your secretary is not impressed and presumably he/she doing a great job so not leaving a lot for the accountants to do.

 

[pappuller]

We are paying £7500 for a partnership and a Ltd company.was told that in reality the hrs booked I should have paid 10k plus and in all reality will next yr. I did have questions through out the yr.
our info is delivered online in a compatible form to their systems. They were dealt with by an intern and were taken over by another. Their questions were fielded in the most part by our farm secretary who became increasingly frustrated by their basic and repetitive nature.

are you using a specialist ag accountant ?

 

[som farmer]

we pay a lot less than that, covers partnership, and personal tax.

and we have had a massive amount of advice, re sorting out a trust.

big S West firm, ag based, and a senior partner.

all day to day bookwork on a compatible system to theirs, so should be 'easy'.

 

[lazy farmer]

are you using a specialist ag accountant ?

Yes a big local firm

 

[ollie989898]

Yes a big local firm

All you can do is get one of the chaps from an alternative company to come and have a chat and see what they would charge?

Are you using Xero? If you aren't you probably should be.

 

[Farma Parma]

A good accountant costs what they cost id rather pay them something than a bank thats for sure

 

[lazy farmer]

If it saves you £5k in tax that you would otherwise have to pay, then your accountant is paid for.

That’s been my excuse for yrs. fed up with it.

 

[lazy farmer]

A good accountant costs what they cost id rather pay them something than a bank thats for sure

What’s a good accountant ? How can I prove they are?

 

[ollie989898]

What’s a good accountant ? How can I prove they are?

There are plenty about, I can think of two without trying too hard, there are also some small one-man-band type outfits which may be worth asking? Xero alone will save in fees what it costs in subscription each year.

 

[mo!]

We're paying half that for similar work. It's more than we paid before but they seem to be getting it right. Having someone you trust is worth a lot.

 

[Farma Parma]

What’s a good accountant ? How can I prove they are?

Guess a one that you trust n help your business & value there advice etc.

 

[ollie989898]

We're paying half that for similar work. It's more than we paid before but they seem to be getting it right. Having someone you trust is worth a lot.

I think LF's extensive share and property portfolio and that Sunseeker he has registered in Malta probably push his costs up a tad.

 

[som farmer]

What’s a good accountant ? How can I prove they are?

difficult question to answer.

when we changed 15 ? yrs ago, we found out how bad the previous ones were.

but, you have to be 'happy' with your accountant, and you are not, so change, you will find out how good, or bad they actually were !