Silly comment. If you don't trust your accountant then get another one but don't tar the whole profession with one (presumably inaccurate) brush. I am not an accountant by the way.As i think accountants are all getting backhanders from there own newtork of advisors and financial people.
Hi
Our business is starting to go well. We are a small profitable company with 400,000 euro in the black constantly. Just sitting in the current account. I only need about 100,000 for cash flow.
My bank offered a depsoit of 3.2% which is crap but better than nothing.
Can anyone give me any ideas what to do with money, or best way to invest it in most tax efficent manner.
Help appreciated
My accountant does my year end, but has,nt offered any extra advice. Should he be? or should i get my own personal advisor.
As i think accountants are all getting backhanders from there own newtork of advisors and financial people.
As i think accountants are all getting backhanders from there own newtork of advisors and financial people.
Thanks
Hi
Our business is starting to go well. We are a small profitable company with 400,000 euro in the black constantly. Just sitting in the current account. I only need about 100,000 for cash flow.
My bank offered a depsoit of 3.2% which is crap but better than nothing.
Can anyone give me any ideas what to do with money, or best way to invest it in most tax efficent manner.
Help appreciated
I think that's good advice and a good answer to an ill-considered remark.Just to clarify, most practising accountants are authorised by their respective governing body to provide investment advice to clients. However many choose not to do so, mainly because of the difficulties in complying with the very heavy regulation of investment recommendations. The general wisdom out there is that the level of commissions payable by banks etc for client referrals is tiny at best, and would not cover the work and risk involved, given that the volume of such work would not justify an accountant investing in the sort of software and processes that a dedicated financial advisor would use on a day-to-day basis.
Most accountants, if asked, should be happy to provide a client with a list of regulated financial advisors who may be able to help them in relation to investment decisions. The client can then pick one or two from the list and make up their mind themselves.
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