If i prepare my accounts to profit/loss and take it to an accountant to complete tax return how much would I ?
be expected to pay him/her?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
That's negotiable. If you've done the hard bit, why get an accountant to do the easy bit? Completing a tax return is much easier than preparing your P&L - especially if you do it online.
Answer 2 :
Too much. Seriously, you have done all the hard work. It will take you no more than a couple of hours to do the rest yourself, there's a free Government advice phone line if there's anything you don't understand, you can do it online and instantly get told what your tax balance is. No way should you pay an accountant what would probably be hundreds of pounds for something that would take you a couple of hours.
Answer 3 :
Its negotiable but it will be much less than if the firm had to put your accounts together themselves. I ran a small business for a while and found that keeping your own basic accounts well managed, and doing much of the work means that you understand your business better, and you reduce the cost of the accountant. A good accountant./ tax return firm will often be able to get their charge offset in some way.
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