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Can anyone recommend outsourced bookkeeping firms?

Can anyone recommend outsourced cloud based bookkeeping firms?

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Hi

We are looking for a solution to upcoming MTD changes and are considering outsourcing our bookkeeping.  Can anyone recommend any good, reliable and competitively priced outsourced bookkeeping firms (cloud based)?

Many thanks

Jonathan

 

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By Paul Crowley
21st Nov 2021 15:36

India probably has the answer
I get emails on outsourcing at least once a month
But if you are thinking about the small client who considers bank statements as their main record, using one bank account for self-employment, domestic, pension income and letting the one property jointly with spouse then any cost effective bookkeeping solution would be a challenge

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By jonathan Freeman
21st Nov 2021 16:28

Thanks Phil. I think for these clients, they will have to stop using their bank account for personal items.

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Replying to jonathan Freeman:
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By Paul Crowley
21st Nov 2021 17:15

I have been saying that for years with little success

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Replying to jonathan Freeman:
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By legerman
21st Nov 2021 20:54

jonathan Freeman wrote:

Thanks Phil. I think for these clients, they will have to stop using their bank account for personal items.

As from April 2023 I won't be dealing with any sole traders who don't have a separate bank account.

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Replying to legerman:
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By Jim100
22nd Nov 2021 15:10

I think some accountants will offload all their sole traders post MTD

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By whyowhy
22nd Nov 2021 09:40

Try www.Bookcheck.co.uk - not cheap as it is all done by UK based staff but they do a good job.

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By Mr_awol
22nd Nov 2021 09:59

We pass work to a few local bookkeepers who:
1) we know to be good, and
2) we know dont offer accounting/tax services.

However we introduce the client properly and make it clear that they are now the client of the bookkeeper - we have been offered white labelling but don't fancy it TBH, preferring to be open about where the work is being done and who is doing it.

Overseas isn't for me - I'm too much of a control freak i guess. If I'm signing off work as 'mine' i like to know the person who did it, their abilities and weaknesses etc. I dare say there are some very good overseas outsourcers but i bet there are a hell of a lot of ropey ones too. Also, even if you insist on higher standards you risk the outsourcers reverting to their 'usual' methods.

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Replying to Mr_awol:
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By I'msorryIhaven'taclue
22nd Nov 2021 11:11

Very sensible. There simply isn't enough margin for an accountant and a bookkeeper, unless the bookkeeper is desperate enough to work for low rates and the client is willing to pay north of £25ph.

Even then, how long before bookkeeper and client figure out how to save money by cutting out the middle-man?

I can recall reading a post in Any Answers (a few years ago) from an accountant in Portsmouth who'd paid her bookkeeper circa £12 hr and recharged her out at sub £20hr; at the end of the year the accountant had to completely re-write the books herself (at an effective rate of £8hr!)

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Replying to Mr_awol:
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By Jim100
22nd Nov 2021 15:15

Yes I think its always best to use a local book-keeper. I have started to use one and she doesn't offer accounting or tax services. Outsourcing is a huge risk from a data protection point of view.

There maybe also opportunities for referral's both way so may prove to be more profitable than outsourcing.

Anyway, always better to provide opportunities to those in UK than to others in other countries.

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