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MarkS



Joined: 01 Aug 2006
Posts: 2626

PostPosted: Wed Dec 13, 06 9:14 am    Post subject: Reply with quote
    

Marionb wrote:
Dont the accounts have to be "certified " by an accountant or something??


No. Not even for limited companies[1].

you do not need to be audited, you do not need to submit full accounts.

Although there seems to be plenty of accountants who neglect to tell people that.

The companies house website has the info on what exemptions are available to small & medium sized companies.

Mark


[1] As long as you count as a 'small' company ie turnover less than a couple of £million and you are not a special case, regulated by the fsa or similar. I would assume that most people here would qualify for the exemptions.

MarkS



Joined: 01 Aug 2006
Posts: 2626

PostPosted: Wed Dec 13, 06 9:19 am    Post subject: Reply with quote
    

selfsufficientish wrote:
Can't really say exactly what I am going to do yet I am afraid.




I'll take that as you aren't telling rather than you dont know

generally though, services? product sales? media? import/export?

some areas have much more complex rules that you really need a specialist accountant for. Vat on international trade, anything involving subsidies/grants. you dont want to be paying an accountant to find out as they go along.

tahir



Joined: 28 Oct 2004
Posts: 45389
Location: Essex
PostPosted: Wed Dec 13, 06 10:53 am    Post subject: Reply with quote
    

selfsufficientish wrote:
cheers Tahir, I hate having to be sectrative (not my choice) will let you know in January. It should benefit downsizer too.


Certainly sounds good

madmonk



Joined: 08 May 2006
Posts: 835

PostPosted: Wed Dec 13, 06 12:52 pm    Post subject: Reply with quote
    

I know??????????????????

MarkS



Joined: 01 Aug 2006
Posts: 2626

PostPosted: Wed Dec 13, 06 5:21 pm    Post subject: Reply with quote
    

This is a link to a site which is used by accounting specialists. The anyanswers section is used to ask questions - not quite a forum, but that sort of thing. It is well worth having a good look through to pick up knowledge and get a feel for things.

You might need to register to get in, worth it though.

https://www.accountingweb.co.uk/anyanswers/

selfsufficientish



Joined: 28 Oct 2004
Posts: 364
Location: Bristol
PostPosted: Fri Feb 16, 07 6:10 pm    Post subject: Reply with quote
    

Ok, I can now come clean with the goings on We (myself and my brother Dave) have signed up with Hodder and Stoughton to write a book called the Selfsufficientish Bible a massive 150 000 page book. Well actually we have signed up for a two book deal the second is to be announced.

selfsufficientish



Joined: 28 Oct 2004
Posts: 364
Location: Bristol
PostPosted: Fri Feb 16, 07 6:17 pm    Post subject: Reply with quote
    

Actually forgot to say how it will benefit downsizer, well I will need to mention references and source and no doubt this site will feature

thos



Joined: 08 Mar 2005
Posts: 1139
Location: Jauche, Duchy of Brabant (Bourgogne-ci) and Charolles, Duchy of Burgundy (Bourgogne-ça)
PostPosted: Mon Feb 19, 07 9:14 am    Post subject: Reply with quote
    

Anyone can set themselves up as an accountant. However, I would urge you to use a member of one of the 'proper' bodies i.e. Chartered or Certified.

https://www.icaew.co.uk/index.cfm?route=109945

If you keep your records tidy, you can minimise the accountant's chargeable hours and therefore the costs.

Not that I'm biased or anything. This July I will have been a Chartered Accountant for 25 years!

Chartered Accountants do it by double entry.

thos



Joined: 08 Mar 2005
Posts: 1139
Location: Jauche, Duchy of Brabant (Bourgogne-ci) and Charolles, Duchy of Burgundy (Bourgogne-ça)
PostPosted: Mon Feb 19, 07 9:16 am    Post subject: Reply with quote
    

selfsufficientish wrote:
Ok, I can now come clean with the goings on We (myself and my brother Dave) have signed up with Hodder and Stoughton to write a book called the Selfsufficientish Bible a massive 150 000 page book. Well actually we have signed up for a two book deal the second is to be announced.


I hope you mean 150,000 words!

selfsufficientish



Joined: 28 Oct 2004
Posts: 364
Location: Bristol
PostPosted: Mon Feb 19, 07 10:57 am    Post subject: Reply with quote
    

ahem, yes I meant words

thanks for the link.

MarkS



Joined: 01 Aug 2006
Posts: 2626

PostPosted: Mon Feb 19, 07 1:34 pm    Post subject: Reply with quote
    

congrats.

have you ever thought of moving to Ireland?

I understand that authors and artists dont pay tax there. Anyone know ?

In the uk there is an averaging scheme whereby authors can even out their income over several years.

dpack



Joined: 02 Jul 2005
Posts: 45377
Location: yes
PostPosted: Mon Feb 19, 07 5:39 pm    Post subject: Reply with quote
    

or somewhere with no (or minimal )tax sounds good
a good acc is a profit not a charge
can your pubs recommend from experience ?

chez



Joined: 13 Aug 2006
Posts: 35934
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Mon Feb 19, 07 6:18 pm    Post subject: Reply with quote
    

Our accountant lets us pay a set amount every month to cover an agreed amount of services - he's well worth it and he does save us money. He's also really happy for me to ring up and ask him daft questions regularly. This works much better for us than an annual bill .

I do think it's important to get someone who understands your line of work, as other people have said. And I also think it's a good idea to go for someone certified or chartered (ours is Scottish chartered, which is apparently different again (but equally good, she adds, hastily!)), because then at least they have some accountability. Although I've also know one or two people who have had terrible experiences with very well thought of accountants - I think as with all business dealings, getting someone you like well enough to work with and take your issues to is very important.

selfsufficientish



Joined: 28 Oct 2004
Posts: 364
Location: Bristol
PostPosted: Mon Feb 19, 07 7:59 pm    Post subject: Reply with quote
    

I am talking with a friend about this later in the week. We have been recomded acc that deal with writers and artists but with the website as well and perhaps future 'green' non profit projects that I want to get involved in this is perhaps not the best option.

I have found an account who works with only ethical people and works for a handful of start up companies for free. - before you ask, no they are not taking on new clients I like the sound of them and will meet up with them soon and find out if they are for me. Good to know that even your accountant is ethical.

chez



Joined: 13 Aug 2006
Posts: 35934
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Mon Feb 19, 07 8:05 pm    Post subject: Reply with quote
    

I'm waging a campaign to make our accountant more ethical - he now shuffles his feet nervously and precedes suggestions with statements like "I know that this might not be very environmentally friendly, but you could ..." .

Good luck with finding someone to suit you - and don't be afraid to 'shop around' and go and chat to a few before you make your decision.

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