Like OP, I do everything myself through ROS during the year, and my accountant checks all & then calculates & completes the year-end reports. However, he doesn't sign anything, and his TAIN number isn't on anything. And he told me only the directors sign the year-end reports, which is fair enough. So, imo there is no legal requirement for a signoff.
But what do others think, should I insist on a physical sign-off ? I suppose having an invoice from him will prove that he did them ?
OP - I'd pay an accountant for 1 more year to go through all the B1s, Form 11, CT1 etc. and then if you're confident go the diy route.
One huge advantage to at least doing your own bookkeeping, as the OP does, is that you know how well your business is doing from day to day. There are no nasty shocks at year end. You haven't spent all the VAT.There continues to be many threads on AAM about doing ones own accounts, CT returns & CRO returns for limited companies. Fair play to you if you can do them all, more power to you. I know that I could, very probably, service my own car if I learned how to do it.
The directors and the directors alone are responsible for audit exempt financial statements. Paying an accountant in no way reduces that responsibility.
The professionally drafted financial statements will also give a certain level of comfort to the client's bankers,
I also have the (perhaps misplaced or not) belief that the job on my car by my mechanic may be done better by that person who has been trained for it and spent, possibly, many years at that craft. Each to their own I guess.
Interesting. When I got that €3k accountants bill for uploading my balance sheet, I at least thought I was getting some peace of mind that he was taking on some of the risk if there was an error or if an audit was required.
(Perhaps I should have questioned him more)
I was paying €3k per annum for a Word template?
One huge advantage to at least doing your own bookkeeping, as the OP does, is that you know how well your business is doing from day to day. There are no nasty shocks at year end. You haven't spent all the VAT.
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