hi peter, I have a question as I just started my business this year and got advice from an accountant. now i will ned to do my first annual return and this accountant told me it would cost abt 1000+VAT. but i can’t afford this as it is very slow for now, can i do everything in bullet and get rid of the accountant? can bullet replace an accountant for thr CRO and ROS

hi peter,
I have a question as I just started my business this year and got advice from an accountant. now i will ned to do my first annual return and this accountant told me it would cost abt 1000+VAT. but i can’t afford this as it is very slow for now, can i do everything in bullet and get rid of the accountant? can bullet replace an accountant for thr CRO and ROS

1 answer

Peter Connor Staff December 4, 2016
Public

Yep for all mid year tax returns but not for end of year. Although we create all the management reports.
How long have you being in business?

#answer-4533
  1. Bartley7 December 4, 2016
    i registered my company last year in 2015
  2. Bartley7 December 4, 2016
    if i knew the year was from 01.07.15 to 30.06.16 i woould have wait a few days
  3. Bartley7 December 4, 2016
    i have started trading only since march
  4. Bartley7 December 4, 2016
    it took me a long time to get all in order with the customs
  5. Peter Connor December 4, 2016
    Cool. Have you been trading much.
  6. Bartley7 December 4, 2016
    not much no
  7. Peter Connor December 4, 2016
    Cool. Your importing wines?
  8. Bartley7 December 4, 2016
    yes i am a wine producer from France
  9. Bartley7 December 4, 2016
    and only import my onw wines
  10. Bartley7 December 4, 2016
    it's a hard busines
  11. Bartley7 December 4, 2016
    when you just start
  12. Bartley7 December 4, 2016
    can you explain ?
  13. Peter Connor December 4, 2016
    Sure. So there are two people I'd recommend.
    One is Brendan Brady - the better accountant, but he usually charges 1200 for a years accounts.
    http://bradyassociates.ie/
    Then there is Gerry an accountant I used a long time ago. He charged me about 400 for accounts (but that could have changed).
    +353 (1) 490 2373
    60 Springfield Avenue
    Tempelouge
    I'd call Brendan he's a super accountant ex EY and specialises in Tax, good to have on your team. He might work out a deal for you on payment terms.
    If that's no good talk to Gerry.
    It's tax year end so they're busy.
  14. Bartley7 December 4, 2016
    so can can you confirm if I have to use the services of an accountant to do the end of year return ?
  15. Bartley7 December 4, 2016
    thanks for all this information
  16. Bartley7 December 4, 2016
    like I only made less than 20 invoices since I started all is in a small excel sheet you know
  17. Bartley7 December 4, 2016
    so if i can save 1000 I will
  18. Peter Connor December 4, 2016
    No you'll need an accountant. We don't create the end year return just all the mid year returns.
  19. Bartley7 December 4, 2016
    when you say mid year returns you mean VAT 3 annd VAT RTD
  20. Bartley7 December 4, 2016
    right ?
  21. Peter Connor December 4, 2016
    You don't legally have to use an accountant. So there might be some info on line about that.
  22. Bartley7 December 4, 2016
    well my accountant told me that it was mandatory to have an acccountant as a ltd company
  23. Peter Connor December 4, 2016
    Yep. VAT3 not the RTD and all Mid year payroll P30s
  24. Bartley7 December 4, 2016
    so just VAT 3 and P30
  25. Bartley7 December 4, 2016
    what abt the RTD ?
  26. Bartley7 December 4, 2016
    as I did it myself
  27. Peter Connor December 4, 2016
    If you enter your info for the year into Bullet the system will create your management reports.
    Your need them for your end of year. The rest you might be able to create.
  28. Peter Connor December 4, 2016
    If you get a sample of another annual return, or one online.
  29. Bartley7 December 4, 2016
    ok thank you I wil contact you again this week probably as I will have a few questions
  30. Bartley7 December 4, 2016
    thank you
  31. Peter Connor December 4, 2016
    Cool. I don't know how to do annual returns and we're not accountants so we can't advise.
    But any Q's on Bullet let me know.
  32. Bartley7 December 4, 2016
    ok thank you
  33. Bartley7 December 4, 2016
    apreciate that

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