holidayqueen
Registered User
- Messages
- 85
Hi
I am a member of a voluntary body that is involved in running a community service, and to recieve funding we had to form a company limited by gaurentee. We must now file our first return and our accountant has prepared our accounts but says he must sent them else where to be audited. We had a meeting with the guy doing the audit and he says we must now engage a company to do our minutes and to prepare our annual compliance at an extra cost of 300 euro. We have very little funds and our accounts are starting to run up and I think it will be over 3000 euro. This seems excessive to us but it is a requirement of our funding to be a limited company but my query is this corparate service of doing up our minutes necessary or can we do this ourselves. Is there an online template to do this. Are our accountant fees expencive ? As I say we are just running a community service and trying to make ends meet we will have to cut staff hours to come up with this 3000 euro so I want to be able to reduce my accounts bill to as little as possible but still be compliant any advice
I am a member of a voluntary body that is involved in running a community service, and to recieve funding we had to form a company limited by gaurentee. We must now file our first return and our accountant has prepared our accounts but says he must sent them else where to be audited. We had a meeting with the guy doing the audit and he says we must now engage a company to do our minutes and to prepare our annual compliance at an extra cost of 300 euro. We have very little funds and our accounts are starting to run up and I think it will be over 3000 euro. This seems excessive to us but it is a requirement of our funding to be a limited company but my query is this corparate service of doing up our minutes necessary or can we do this ourselves. Is there an online template to do this. Are our accountant fees expencive ? As I say we are just running a community service and trying to make ends meet we will have to cut staff hours to come up with this 3000 euro so I want to be able to reduce my accounts bill to as little as possible but still be compliant any advice