Farm accountant

Sam Kade · 09-10-2017 07:38PM #1

Any one know a decent farm accountant in the north cork area? I changed from ifac 2 years ago, my new accountant is a total disaster. Talk about going from the frying pan and into the fire.

kowtow · 09-10-2017 07:40PM

Sam Kade wrote: »

Any one know a decent farm accountant in the north cork area? I changed from ifac 2 years ago, my new accountant is a total disaster. Talk about going from the frying pan and into the fire.

I'd be interested to hear some recommendations too.

The ones I come across seem to be frightened of thinking.

duffysfarm · 09-10-2017 07:49PM

Just be careful any Tom sick or Harry can call themselves an accountant and not be qualified. That will be particularly relevant to some of the replies you will get on here.

Sam Kade · 09-10-2017 08:24PM

duffysfarm wrote: »

Just be careful any Tom sick or Harry can call themselves an accountant and not be qualified. That will be particularly relevant to some of the replies you will get on here.

The man I have now is around with years and came highly recommended by a neighbour, looks like he don't look after his new customers as good. I gave him the accounts two years ago and he didn't submit them yet in spite of his secretary assuring me they were submitted last January after I got a stiff letter from the revenue :mad: Not great to be on the revenues radar because of a lazy accountant.

amber2 · 09-10-2017 08:41PM

Any FDC accountants office local to you?

Bass Reeves · 09-10-2017 08:43PM

I am with FDC no issue with accounts. There is a lad on here that is an accountant some few here are using him I think he calls himself hilllak or something like that

Bellview · 09-10-2017 08:55PM

Bass Reeves wrote:

I am with FDC no issue with accounts. There is a lad on here that is an accountant some few here are using him I think he calls himself hilllak or something like that

Larkhill

Sam Kade · 09-10-2017 08:58PM

amber2 wrote: »

Any FDC accountants office local to you?

There's one in Mallow, are they any good?

amber2 · 09-10-2017 09:08PM

Try to get Director Manager based in Bandon but works outa other branches, check out Mallow as Im not too sure bout Mallow branch.

50HX · 09-10-2017 09:16PM

pm sent

freedominacup · 09-10-2017 09:18PM

Sam Kade wrote: »

There's one in Mallow, are they any good?

Yes.

Reggie. · 09-10-2017 09:32PM

Ye lads should drop lakill a pm

He annoys the **** outta me but he does the job

Cavanjack · 09-10-2017 09:35PM

What are ye paying to get accounts done? Paying €1200here. Books would be straight forward. Stock bought stock sold and costs all filled out for them.
Think it's too dear, old man's and brothers accountant for years. Can there be that much work involved? Will prob change after this year if I can get it done cheaper.

Reggie. · 09-10-2017 09:39PM

Cavanjack wrote: »

What are ye paying to get accounts done? Paying €1200here. Books would be straight forward. Stock bought stock sold and costs all filled out for them.
Think it's too dear, old man's and brothers accountant for years. Can there be that much work involved? Will prob change after this year if I can get it done cheaper.

€700ish

That's personnal account
Business and vat account
And farm account

Sam Kade · 09-10-2017 09:45PM

Cavanjack wrote: »

What are ye paying to get accounts done? Paying €1200here. Books would be straight forward. Stock bought stock sold and costs all filled out for them.
Think it's too dear, old man's and brothers accountant for years. Can there be that much work involved? Will prob change after this year if I can get it done cheaper.

I was paying IFAC 1300 when I had very little stock and only selling silage and hay. My new accountant charges 500 the first year and the more profit I make after that the more he'll charge, I suppose if I'll make no profit or a loss he'll do them for free :rolleyes:

jfh · 09-10-2017 10:00PM

I use another accountant that hangs out here too & I find excellent, let me know if interested & I'll pm you.

duffysfarm · 10-10-2017 09:36AM

duffysfarm wrote: »

Just be careful any Tom sick or Harry can call themselves an accountant and not be qualified. That will be particularly relevant to some of the replies you will get on here.

some posters must not agree me with as they seem to not care if the person calling themself an accountant actually is registered as one!

greysides · 10-10-2017 07:24PM

Thanks duffysfarm, I think your point is made.

MIKEKC · 10-10-2017 07:35PM

Sam Kade wrote: »

I was paying IFAC 1300 when I had very little stock and only selling silage and hay. My new accountant charges 500 the first year and the more profit I make after that the more he'll charge, I suppose if I'll make no profit or a loss he'll do them for free :rolleyes:

Why should he charge more if you make more profit? He has the same amount of work to do

Sam Kade · 11-10-2017 10:23AM

MIKEKC wrote: »

Why should he charge more if you make more profit? He has the same amount of work to do

That's what he said when I changed over to him, I thought it was unusual to say the least but I needed the accounts done so I didn't question him. 2 years on and the 2015 accounts still not submitted.

Mooooo · 11-10-2017 10:59AM

FDC cork here, find them good

yewtree · 11-10-2017 11:08AM

Use ifac here find them very good. Always at the end of phone with an answer.
Also found they are a big help getting loans over the line with banks.
i wouldnt be changing accountant over a few hundred euro, especially if you are losing someone who understands your buisness

Bass Reeves · 11-10-2017 11:38AM

Sam Kade wrote: »

That's what he said when I changed over to him, I thought it was unusual to say the least but I needed the accounts done so I didn't question him. 2 years on and the 2015 accounts still not submitted.

I be moving accountants.

Stationmaster · 11-10-2017 01:33PM

Sam Kade wrote: »

That's what he said when I changed over to him, I thought it was unusual to say the least but I needed the accounts done so I didn't question him. 2 years on and the 2015 accounts still not submitted.

Full time accountant and part time farmer here. I find that unusual to be honest. Any work I do (25% farmers and rest other trades/companies etc) is charged for time spent on the job.

I check posts here a good bit but wouldn't post and I'd be the first to say Lakill Farm knows his stuff.

Very hard to estimate fees because the work involved in most jobs is different but the majority of accounts I'd do for part-time farmers would have a fee of between €500 to €850. The full time farmers would nearly always have more work involved so could be anything up to €1,500 depending on the state of the paperwork supplied.

St.Senan · 11-10-2017 05:39PM

Has anyone used http://www.myfarmtax.ie/?

lakill Farm · 11-10-2017 11:12PM

Thanks

Stationmaster wrote: »

Full time accountant and part time farmer here. I find that unusual to be honest. Any work I do (25% farmers and rest other trades/companies etc) is charged for time spent on the job.

I check posts here a good bit but wouldn't post and I'd be the first to say Lakill Farm knows his stuff.

Very hard to estimate fees because the work involved in most jobs is different but the majority of accounts I'd do for part-time farmers would have a fee of between €500 to €850. The full time farmers would nearly always have more work involved so could be anything up to €1,500 depending on the state of the paperwork supplied.

trg · 22-10-2017 10:10AM

St.Senan wrote: »

Has anyone used http://www.myfarmtax.ie/?

I'd never heard of this site but tbh I'd be steering clear. You get nothing for your money. The site is littered with spelling mistakes FFS! There is also at least one inaccuracy...they say the payment date is 15th November. My accountant reddened me on the phone saying its the 14th and there is penalties if a day late. So that crowds clients are going to get penalised.

In all walks of life I think if you pay peanuts you get monkeys.

I get that IFAC/FDC appear in general to be more expensive but I guess their business model with all the branches and that means they've more overheads than others but there specialist farm tax accountants. We all know that farm tax has rules of its own and that the rules change all the time & I want to trust that my accountants is up to speed on them.

All the above said I'm with neither but I'm satisfied where I am. If I was to change I would prefer to look at those than that website anyway.

mahoney_j · 22-10-2017 11:06AM

yewtree wrote: »

Use ifac here find them very good. Always at the end of phone with an answer.
Also found they are a big help getting loans over the line with banks.
i wouldnt be changing accountant over a few hundred euro, especially if you are losing someone who understands your buisness

+1 for Ifac

Keepgrowing · 22-10-2017 11:57AM

I wouldn't choose an accountant on their fees.

As farmers, small businesses with large asset values the business one does with an accountant has to be about much more than filing tax returns.

No matter if your a sole trader, partnership or incorporated your structure should be as much about succession planning as tax planning. Focussing on this years tax bill may be a little short sighted.

We use our accountant to help us plan everything from division of assets, tax planning, borrowing strategy, education to tax structure. It's really hard to put a figure on it rather a feeling of value for money.

In my view a good accountancy firm is the most essential partner to ones business. We use a mid sized company that would have all the expertise we require in house.

cute geoge · 22-10-2017 03:10PM

Is oct 31st closing date for submitting last year a/c all done by accountant ros online .Just getting uneasy as having heard nothing back from accountant .I forwarded documents to him last week ,but he was absent and the month before that unforeseen events delayed me forwarding the documents!!

grange mac · 22-10-2017 03:58PM

cute geoge wrote: »

Is oct 31st closing date for submitting last year a/c all done by accountant ros online .Just getting uneasy as having heard nothing back from accountant .I forwarded documents to him last week ,but he was absent and the month before that unforeseen events delayed me forwarding the documents!!

14 Nov if via ROS.

Farm accountant

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