Hi everyone, looking for a bit of general information about how much you pay your Accountant to do your Ltd company accounts. I have an Ltd with 5 properties under it. I prepare all the information and literally send it to my accountant to prepare the final set of accounts. He does scrutinise my bank account statement, though doesn’t have to as I sent him a spreadsheet with the full income/expenditure.
He charges me £1200 for this and then an additional £200 for the CT100 form. I am curious what everyone else is paying. This Glasgow City Centre accountancy firm.
I do pay more than that, although it does include running the directors payroll aswell.
I have recently told my Accountant that MTD presents an an ideal opportunity for me to review all of my arrangements including the costs for accountancy, and told them I think its too expensive given I provide much of the information ‘on a plate’.
Indeed, my ‘sole trader’ business is substantially cheaper, It’s the Ltd Company costs the OP is asking about, and I do know and expect they will be higher due to more reporting /filing obligations.
I dont have any payroll, its literally just the accounts. I have been told by a few people they are paying half what I pay and wonder if its because its a big city firm.