Forogt to say, I'm happy to pay the going rate. I see accounts earm £150- £300/hour, but thats a top accountant.
My questions are really simply. Happy to pay a fair rate, £100/hour sounds good, but I'd prefer to pay pro-rate. Say minimum spend of £20 for a 5 minute call.
Yet again another obnoxuious reply. You should be ashamed of yourself.
I am a little small company based in the South West. In my field (accruate clocks) I make the worlds best product. NASA, Jet Proplusion Agency, British Telecom, US Navy, US Army, US Airfore, Aerospace, Boing, MIT University (plus a load more), Motorola, Eriksson (plus most toehr cell phone compaies) buy my products. My only competitors are billion dollar American companys. However, every day I sell to the USA. The USA buys my equipment, but its the best (and mostly the most expensive).
When they put the recent rover on Mars, every company involved was a customer of mine.
So you're wrong. My R&D claims are justified. No one in the world beats me on specifications (well, I've just seen two USA firms hat are finally meeting my clocks performance, so I now have a bit of competition).
I don't need help with Three companies, 54 countries, export, upcoming Brexit, - not complicated at all. I've been doing it for 40 years. Anyway Fedex, UPS, DHL handle all the customs invoices. It's really not difficult.
I just need occasional help on general topics. Its not an ongoing thing. A random thing. So lets say £50 for a 30 minute telephone call with an accountant.
My current questions (these may sound simple, they are for an accountant but I don't know myself):
1. I don't understand how to depreciate my assets. Luckily I don't really have many, so I do nothing. But I am losing out as I should be able to write them off.
2. I've received £1000 from HMRC as a furlough payment. What part of my sage accounts ledger do I put it?
3. I've purchased an electric car and I can write it off against tax in the first year. So what part of my ledger to I enter the car invoice, i.e is it just a cost? Is there anything to declare to HMRC in my end of year accounts
4. Can I buy another electric car. What happens if my profit becomes a loss. The HMRC software I use doesn't work if you have a loss situation.
5. I want to give an employer a bike as part of the bike to ride sceme. How do I do this, how do I do his pay slip?
6. Nearly every year I receive a R&D grant from the government. This usally wipes out half my tax. I use a company to do this (they charge me 25%). But I never know where to put this R&D grant into my accounts. The R&D company always send in to HMRC an amendment of my accounts, but I never really understand what they have done and I want to know
So I just have basic questions (for an accountant). When I know them, I can carry on doing my business. That lot would probably take a few hours of an accountants time.
Although I do my own accounts, the whole point is I can do 90% of it, but I want to do the other 10% correctly and legally.
The last time I asked an accountant for a quote, he quoted me £5k to £10k per year. He seemed to think my accounts were very complicated as I have three comapnies around the world and export to 54 countries (and counting).
However, I'm a small company, so can't afford to paythat much.
I would expect any accountant to be charging £40 - £80 per hour. So I'd hoped to pay £20 for half of hours telephone call.
I can't see why everyone thinks its funny. I have run a sucessful business for 40 years. My customers are the worlds top blue chip companies (Nasa, BT, BBC, Aerospace, most top universities around the world etc etc). I had my Dad do my accounts when he was alive and he taught me basic accounting.
But I'm oviuosly not up with the latest trends. Hence why I need help
And, as I said, the HMRC's software is really good. Its hard to make an error, if your figures don't match up, the software stops.
Should also add. As the VAT man pays me every time, (I'm an exporter, so VAT is always a credit to me), I've had three VAT audits in the past 15 years. The last audit, the VAT lady said "Your VAT accounts as the best I've ever seen. Although its a manual system, the way you have set them up means you will never make a mistake". Made me smile
I won't ever have problems with the authorities because I do my accounts legally. Thats why I want someone to help me with tiny things I don't understand.
Accounts just haven't worked for me in the past, thats all I can say.
I don't want to hire an accountant or to have an accoutant do my books. The HMRC software that I use is brillaint and makes it easy for me to file my accounts.
I want to continue doing all my books (I was trained by my Dad, a very senior accountant).
But I am looking for someone, online or at an end of a telephone, who I can contact and ask a question. I'd expect an accountant to be able to answer any question I have in 5 minutes.
My answers
You say pay for an accountant and agree no fills.
That's what I'm trying to do!!!!!!
I'm having fun!!!
Thank you for stating the obvious. I'd forgot that Sage offers help. I'll leave this group and ask the Sage forum or actually phone Sage.
Thanks for helping
Forogt to say, I'm happy to pay the going rate. I see accounts earm £150- £300/hour, but thats a top accountant.
My questions are really simply. Happy to pay a fair rate, £100/hour sounds good, but I'd prefer to pay pro-rate. Say minimum spend of £20 for a 5 minute call.
Yet again another obnoxuious reply. You should be ashamed of yourself.
I am a little small company based in the South West. In my field (accruate clocks) I make the worlds best product. NASA, Jet Proplusion Agency, British Telecom, US Navy, US Army, US Airfore, Aerospace, Boing, MIT University (plus a load more), Motorola, Eriksson (plus most toehr cell phone compaies) buy my products. My only competitors are billion dollar American companys. However, every day I sell to the USA. The USA buys my equipment, but its the best (and mostly the most expensive).
When they put the recent rover on Mars, every company involved was a customer of mine.
So you're wrong. My R&D claims are justified. No one in the world beats me on specifications (well, I've just seen two USA firms hat are finally meeting my clocks performance, so I now have a bit of competition).
I don't need help with Three companies, 54 countries, export, upcoming Brexit, - not complicated at all. I've been doing it for 40 years. Anyway Fedex, UPS, DHL handle all the customs invoices. It's really not difficult.
I just need occasional help on general topics. Its not an ongoing thing. A random thing. So lets say £50 for a 30 minute telephone call with an accountant.
My current questions (these may sound simple, they are for an accountant but I don't know myself):
1. I don't understand how to depreciate my assets. Luckily I don't really have many, so I do nothing. But I am losing out as I should be able to write them off.
2. I've received £1000 from HMRC as a furlough payment. What part of my sage accounts ledger do I put it?
3. I've purchased an electric car and I can write it off against tax in the first year. So what part of my ledger to I enter the car invoice, i.e is it just a cost? Is there anything to declare to HMRC in my end of year accounts
4. Can I buy another electric car. What happens if my profit becomes a loss. The HMRC software I use doesn't work if you have a loss situation.
5. I want to give an employer a bike as part of the bike to ride sceme. How do I do this, how do I do his pay slip?
6. Nearly every year I receive a R&D grant from the government. This usally wipes out half my tax. I use a company to do this (they charge me 25%). But I never know where to put this R&D grant into my accounts. The R&D company always send in to HMRC an amendment of my accounts, but I never really understand what they have done and I want to know
So I just have basic questions (for an accountant). When I know them, I can carry on doing my business. That lot would probably take a few hours of an accountants time.
Although I do my own accounts, the whole point is I can do 90% of it, but I want to do the other 10% correctly and legally.
The last time I asked an accountant for a quote, he quoted me £5k to £10k per year. He seemed to think my accounts were very complicated as I have three comapnies around the world and export to 54 countries (and counting).
However, I'm a small company, so can't afford to paythat much.
I would expect any accountant to be charging £40 - £80 per hour. So I'd hoped to pay £20 for half of hours telephone call.
I can't see why everyone thinks its funny. I have run a sucessful business for 40 years. My customers are the worlds top blue chip companies (Nasa, BT, BBC, Aerospace, most top universities around the world etc etc). I had my Dad do my accounts when he was alive and he taught me basic accounting.
But I'm oviuosly not up with the latest trends. Hence why I need help
And, as I said, the HMRC's software is really good. Its hard to make an error, if your figures don't match up, the software stops.
Should also add. As the VAT man pays me every time, (I'm an exporter, so VAT is always a credit to me), I've had three VAT audits in the past 15 years. The last audit, the VAT lady said "Your VAT accounts as the best I've ever seen. Although its a manual system, the way you have set them up means you will never make a mistake". Made me smile
I won't ever have problems with the authorities because I do my accounts legally. Thats why I want someone to help me with tiny things I don't understand.
Accounts just haven't worked for me in the past, thats all I can say.
I don't want to hire an accountant or to have an accoutant do my books. The HMRC software that I use is brillaint and makes it easy for me to file my accounts.
I want to continue doing all my books (I was trained by my Dad, a very senior accountant).
But I am looking for someone, online or at an end of a telephone, who I can contact and ask a question. I'd expect an accountant to be able to answer any question I have in 5 minutes.