While it's frustrating, it's also worth bearing in mind that at the end of the day, the same paperwork still needs to be filed (although there are some things accountants can reduce at the small scale, such as only filing abbreviated accounts). As far as I understand it, the volume of transactions alone doesn't have a major impact on complexity (assuming they're not auditing you, and you're book-keeping correctly). Generally more transactions means added complexity because you're likely to have staff, or shareholders, or dividends etc which need additional paperwork.
Disclaimer: I am not an accountant, and therefore take the above with a sensible pinch of salt – its purely based on my own experience.
2009/4/20 Alex Barclay, ABC
<[address removed]>
Try Walter Lian at Citroen Wells (nr Great Portland Street) as he's very
sympatico and good.
Tell him I said 'Hello' too if you do. . .
Alex B
—–Original Message—–
From: [address removed] [mailto:[address removed]] On
Behalf Of Alex Kerr
Sent: 20 April 2009 15:38
To: [address removed]
Subject: [entrepreneur-1056] Getting company accounts done cheaply, if very
low number of transactions?
Hi,
I need to get my company accounts done for the 07-08 tax year and have a
very low number of transactions (5 invoices for the year), but am being
quoted several hundred pounds + VAT to get this done. I'll be charged
over £100 per invoice, out of total revenue of about six and a half
thousand (my co's 1st year of making money) – seems ridiculous when my
accounts are almost as simple as they come.
Is this fair? Does anyone know anyone who would it do it more cheaply
for me please?
Many thanks,
Alex
–
Alex Kerr
Managing Director
PhoneThing Ltd
www.phonething.com
0845 053 7704 (UK only)
+44 161 920 6537 (Intl.)
–
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