Accountant advice? Limited freelance company

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  • Duffelcoat
    S2Forum Addict
    • Jun 2010
    • 446
    • Country: United Kingdom

    #16
    Originally posted by Chris5044
    I have a guy who offered £1000, that was a lot as I heard that some did it for £150...
    but i guess the lowest ive actually seen mentioning limited companies is £500, have one in talks who offered £1000, and trying to bargain a deal with him as he offered me so much advice from the start of my company..

    he seems very good..
    I'll keep crunch on as another option .. thx chaps!! and have a great week!!
    No one will do a Limited company for £150, not unless they are insane!

    Remember as Limited company you need to do:

    The Accounts
    The Corporation Tax Return (With Accounts in full HMRC ixbrl format) CT600
    The Companies House Accounts (Abbrieviated probably)
    Your Self Assessment SA100
    PAYE - As a director you are an employee - presumably you want to pay yourself a salary as well as dividends

    Probably the company paperwork too, minutes for dividends etc

    That is ignoring VAT etc etc

    £500 is probably okay for a Limited company you run yourself and then give reasonable records to the accountant at the year end and sort your own self assessment, unless you have no other income and the accountant might do it as well
    Audi S6

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    • Bowie69
      S2Forum Fiend
      • Nov 2013
      • 2675
      • Country: England

      #17
      If you pay a bit more you get a better accountant that will probably make sure that the tax you pay is reduced to an absolute minimum, and in effect they don't cost you anything, in fact they can make you money

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      • Chris5044
        S2Forum Extremist
        • Feb 2005
        • 1663
        • Country: United Kingdom

        #18
        Thx dudes!!
        I think I might go with the one I've been in touch with from the start. I just thought It would be cheaper...
        Thank you again for the help!!
        wow £79k!!! even £230k!!! thats ridiculous money!! .. who earns that!!?? haha...
        Just gotta keep going to get my own house... its tough in the UK...

        thx everyone!!

        Comment

        • Duffelcoat
          S2Forum Addict
          • Jun 2010
          • 446
          • Country: United Kingdom

          #19
          It's not earning, but turning over, big difference!!
          Audi S6

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