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As in few hundred, you give them all your nicely ordered paperwork and spreadsheets, they fill in the return type thing?
Discuss Is your standard accountant bill 100% tax deductable? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
First year using an accountant wished id done it years ago. Just hand in my receipts/expenses invoices in no order and walk away they do it all. Saves me a boat load time and she saves me money.
You are good at plumbing. So do plumbing.
Accountants are good at bookkeeping*. So let them do bookkeeping.
Its called "the doctrine of comparative advantage". Link
*Bookkeeping and Bookkeeper are the only words in the English language that have three sequential pairs of double letters, without any interventing letters.
Yes......and no......
You pay him £500, that is an overhead. So is completely tax deductible. But you don't glaim £500. If you are are 20% payer, you will get back £100 off your tax bill.
But hopefully he/she will claim for more that you didn't know about, saving you a bit more.
Yeah, so the money I put aside for tax, I can take it off that. That's what I want to confirm.
I'm interested in this. Never used an accountant so far to be honest. We have a fairly small plumbing business that will probably turnover £200K + VAT this year. I claim all my expense back against profit and own our own vehicles. I can complete a tax return in a couple of hours. Will an accountant really save me their fee in tax??
Not only money but the time saved for me not having to do my books is worth the money alone.I'm interested in this. Never used an accountant so far to be honest. We have a fairly small plumbing business that will probably turnover £200K + VAT this year. I claim all my expense back against profit and own our own vehicles. I can complete a tax return in a couple of hours. Will an accountant really save me their fee in tax??
I pay £150 inc vat a month for all accounts, year end, tax , ltd co accounts and vat returns. I can ring anytime for advice . Just bought another buy to let and they did all the references with no charge.
Reply to Is your standard accountant bill 100% tax deductable? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
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