My accountant does the following for me:
- Preparation of the company accounts and corporation tax return
- Dividend Calculations
- Payroll services - Real Time Information
- Advice provided throughout the year
- Year end accounts meeting (when I request it)
- Self-Assessment Tax Return and submission to HM Revenue & Customs
When I first started with them, their prices were quite low. After a couple of years they bumped it up (primarily the first service) and I queried it and they said that they had under priced some of their services. So that was fair enough.
But even after this the increases seem to be continuously above inflation in the UK. I have just received my year end accounts and the accounting costs in there have gone up 25% this year! I don’t think that I have contacted them anymore often that I did the previous year.
Looking at the history logs, he has been in Manager for just over a day.
Can Manager do some of the services that I have asked my accountant to do like the Dividend Calculation? Can you use Manager for payroll real time information. How are people using Manager dealing with RTI in the UK? These two services seem to keep going up every year way above inflation. If they are simple enough to do in Manager, I am happy to do it myself.
However the main expense is the first one - preparation of company accounts and corporation tax return. This goes up every year without fail, usually by more than inflation.
I think that I have two questions.
Can I do more of this within Manager to reduce my accounting bill
Accountants are your costs increasing every year because of regulatory requirements or what would explain a 25% increase in my bill this year and above inflation in previous years - assuming that the same amount of work is being done this year as last year?