Accountant recommendation - VAT 论题张贴者: Ali YANDIK
|
|---|
Ali YANDIK 
英国
Local time: 11:17
English英语译成Turkish土耳其语
+ ...
We are looking for an accountant in the UK for our VAT returns.
Can you please recommend an accountant who can understand the needs of a translation business with clients all over the world?
Thank you
| | | | | my recommendation | Nov 10, 2024 |
Ali YANDIK wrote:
We are looking for an accountant in the UK for our VAT returns.
Can you please recommend an accountant who can understand the needs of a translation business with clients all over the world?
Thank you
I've been very happy with Gregg @ https://www.colemanwebb.com/ for many years now. I'm registered as a sole trader here in the UK. I don't have a VAT number as I haven't needed to register yet, but might have to soon as I am creeping ever closer to the annual VAT exemption threshold.
| | | | | Consider your accounting software | Nov 11, 2024 |
Many accountants use one accounting software or another. Consider software preferences when making your choice.
You may find that a local provider is just as good as an online one, so do shop around.
| | | | Dan Lucas
英国
Local time: 11:17
正式会员 (自2014)
Japanese日语译成English英语
| VAT reporting is something you can easily do yourself | Nov 11, 2024 |
I use an accountant to do my taxes and so on, but I do the quarterly VAT returns myself.
These days all serious accounting software will be compliant with Making Tax Digital (MTD), so provided that you have entered your transactions into whatever software you use - which will be unavoidable for a VAT-registered business - making a VAT return should not take more than five minutes, and typically involves just a few button presses.
I'm not saying you shouldn't use an acco... See more I use an accountant to do my taxes and so on, but I do the quarterly VAT returns myself.
These days all serious accounting software will be compliant with Making Tax Digital (MTD), so provided that you have entered your transactions into whatever software you use - which will be unavoidable for a VAT-registered business - making a VAT return should not take more than five minutes, and typically involves just a few button presses.
I'm not saying you shouldn't use an accountant in general (quite the contrary), but it is not worth it for VAT alone. Of course, if you want an accountant to do your bookkeeping, that's a different issue.
Regards,
Dan ▲ Collapse
| | |
|
|
|
Ali YANDIK
英国
Local time: 11:17
English英语译成Turkish土耳其语
+ ...
主题发起人 | still looking for an accountant | Nov 11, 2024 |
Thank you all Michael, Chris and Dan.
The accounting company was taken over by another one and they turned out to be incompetent. We would rather do everything ourselves but we had to use a chartered accountant for our business visa.
I believe they have only dealt with customers doing business in the UK only even though they claim to be managed by a chartered accountant. I pointed out a few of their mistakes, which they did not accept in the beginning and it turned out ... See more Thank you all Michael, Chris and Dan.
The accounting company was taken over by another one and they turned out to be incompetent. We would rather do everything ourselves but we had to use a chartered accountant for our business visa.
I believe they have only dealt with customers doing business in the UK only even though they claim to be managed by a chartered accountant. I pointed out a few of their mistakes, which they did not accept in the beginning and it turned out they are not as competent as they should be.
We are not a big-company but working with 3 currencies, doing business with US, European companies and being registered for VAT on a cash basis and bookkeeping on an accural basis makes it (look like) we need to work with a big accounting company. Having a small business, we want to work with only one accountant instead of dealing with multiple departments
Sorry any recommendations are welcome. Thank you. ▲ Collapse
| | | | Dan Lucas
英国
Local time: 11:17
正式会员 (自2014)
Japanese日语译成English英语
| Recommendation | Nov 11, 2024 |
I have found My accountant online good for tax returns, general inquiries, and so on.
https://myaccountantonline.co.uk/
However, I'm basically a one-man business.
Shoot her an email; she is very responsive.
Might help to tell her I sent you.
Regards,
Dan
| | | |
Dan Lucas wrote:
Shoot her an email
Just email her. Don't shoot.
| | | | Joe France
英国
Local time: 11:17
German德语译成English英语
+ ...
| Do you need an accountant? | Nov 11, 2024 |
I had an accountant for the first 6 or 7 years of freelancing. However, when their fees increased to an intolerable point – essentially doubling during that period – I decided to let them go. For the time it takes to sit and put together self-assessment and VAT declarations in the UK, I just couldn't justify the expense as a one-man outfit. You've used "we" in your posts so assume you're not a solo outfit, but I still think it's worth exploring your DIY options.
Whether you use ... See more I had an accountant for the first 6 or 7 years of freelancing. However, when their fees increased to an intolerable point – essentially doubling during that period – I decided to let them go. For the time it takes to sit and put together self-assessment and VAT declarations in the UK, I just couldn't justify the expense as a one-man outfit. You've used "we" in your posts so assume you're not a solo outfit, but I still think it's worth exploring your DIY options.
Whether you use an accountant for your business is obviously your call. However, I would imagine that many translators in the UK with English as a working language will work with clients in the EU and US, so that is perhaps not so unusual. As I found, once you learn the processes involved in accounting and submitting tax returns, all it requires is some concentration and diligence. It might take some time out of your week – but I would imagine that the potential savings of cutting out an accountant might be worth it. Or you might prefer the peace of mind (and greater legal certainty?) that comes with engaging a financial professional. Up to you.
My recommendation would be Anna (https://anna.money/). It's a fairly modular system that lets you do a range of things. I started to use Anna to meet the MTD requirements. I think, at the top end, you can set up business accounts with them. However, I just use Anna to submit my annual self-assessment and quarterly VAT returns at around £3.50 a pop. It provides all the templates you need and links with HMRC. I've never had any issues. Taking an hour each quarter to fill in VAT returns, a couple of hours each month to update my finance sheet and a day a year to finalise my annual accounts seems more reasonable to me than the hefty sum my previous accountant (and two other "small-business specialists") quoted me. ▲ Collapse
| | | | 本论坛没有专门指派版主。 如需报告网站违规或寻求帮助，请联系 网站工作人员 » Accountant recommendation - VAT | TM-Town | Manage your TMs and Terms ... and boost your translation business
Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.
More info » |
| | Draftsmith | Edit Translations Faster With Affordable AI You Can Trust
Draftsmith is an affordable AI editing tool for busy translators. It works directly in Microsoft Word, supporting the way you work
ProZ members receive a 20% discount on a single user subscription of Draftsmith.
More info » |
|
| | | | X Sign in to your ProZ.com account... | | | | | |
Login to reply/comment 
