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Finding an accountant for a small company

And what do they cost?

MrCurry
post 23.Dec.2017, 07:19 PM
Post #1
Joined: 24.Jan.2016

I'm running a small AB limited company in Sweden and need an accountant - what's the normal approach to finding one?

What would they be expected to cost on an annual basis? Very simple company trading only with the parent company and raising no more than 6-9 invoices a year.

Also - what services should you use the accountant for and which are easily done yourself? Declaring salaries, vat etc - how easily can this be done online if you're not so confident with swedish?
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Cheeseroller
post 24.Dec.2017, 06:07 AM
Post #2
Location: Germany
Joined: 10.Apr.2007

There are two parts to this. Bookkeeping and Revision. The bookkeeping you may be able to do yourself using one of the Swedish programs and manage the monthly tasks of invoicing, booking costs, declaring salaries and vat etc.

Revision is done by a qualified Revisor who prepares your accounts for yearly submission to Bolagsverket. If your income is less than a certain amount (I forget the amount), full Revision is not required and is then cheaper.

A company with so few transactions is very unusual, so unless there are bookkeepers or revisor in this group, you will need to call some and get estimates.
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Essingen55
post 24.Dec.2017, 02:58 PM
Post #3
Joined: 12.Dec.2013

Many companies no longer need to have an auditor do their accounts.

http://www.bolagsverket.se/ff/foretagsform.../starta/revisor

I would get a registered book keeper to do everything. There are some that specialise in doing small companies.

In my experience, although you good indeed do the bookkeeping yourself,it isn't worth the effort and it is better to concentrate on what ever the company does and get someone else to do it.
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MrCurry
post 26.Dec.2017, 07:20 PM
Post #4
Joined: 24.Jan.2016

Thanks for the replies. I'll need to consider the position carefully, as my current Swedish revisor and bookkeeper have invoiced over 50,000 kr in the first year, which I think is very optimistic since I've run exactly the same business in the UK for many years, never paying more than £1000 a year to accountants. But this seems to be a common thread with many things here, not just more expensive but multiples of the UK price.
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Cheeseroller
post 27.Dec.2017, 01:33 AM
Post #5
Location: Germany
Joined: 10.Apr.2007

50k for 9 invoices a year is a bit excessive. I pay around 40K for a company that has 100-200 transactions a year, plus monthly salary and VAT reporting.
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Essingen55
post 27.Dec.2017, 06:27 PM
Post #6
Joined: 12.Dec.2013

SEK 50,000 for that is insane!
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yet another brit
post 28.Dec.2017, 09:35 AM
Post #7
Joined: 5.Jan.2013

I pay 600 an hour to my accountant which seems to be the going rate; it works out to about 20000 a year for c300 transactions, salary administration, preparing and filing annual reports, preparing and filing tax returns (both for the company and me personally) and processing VAT as well as advising. You can do it all yourself, it isn't that difficult to learn (after you have learned Swedish, Swedish financial & tax rules and spent the money on the correct software), but it would be time-consuming and inefficient with a steep learning curve. So to me it is worth it to have a good professional around.

The trick is finding an efficient accountant, not a cheap one.
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sandon
post 28.Dec.2017, 02:14 PM
Post #8
Joined: 6.Jan.2007

Hi

Send me a mail @ swaaccounting@hotmail.com and i can give you a quote.

50 000 kr means you are being taken for a ride!!

There are no legal requirements in the first 2 years of trading an AB to have an accountant and thereafter it depends on turnover finances on the balance account and the number of employees.
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sein7
post 28.Dec.2017, 02:36 PM
Post #9
Joined: 25.Jun.2014

I use http://www.marredo.se/ . They are a Skane based company , but does everything via email. They have a price per invoice (20K per transaction ) . 200 sek for moms and other reasonable rates. Yearly returns at 8000 SEK . So if you have limited invoices , its a very good option to cap your costs at 10-12K per year. My earlier accountant took me for a ride by charging 50K or so and performing an audit even though it was not necessary.
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sein7
post 28.Dec.2017, 02:58 PM
Post #10
Joined: 25.Jun.2014

Thats 20 SEK per invoice/bill ( not 20K sad.gif)
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Essingen55
post 28.Dec.2017, 03:08 PM
Post #11
Joined: 12.Dec.2013

"The trick is finding an efficient accountant, not a cheap one."

No. The trick is finding an efficient account and a cheap one. laugh.gif
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Svedallas
post 28.Dec.2017, 03:20 PM
Post #12
Joined: 21.Apr.2016

QUOTE (Cheeseroller @ 24.Dec.2017, 06:07 AM) *
There are two parts to this. Bookkeeping and Revision. The bookkeeping you may be able to do yourself using one of the Swedish programs and manage the monthly tasks of invoici ... (show full quote)


50k you're been taking for a ride!

A basic accountant to help with tax declarations, preparing annual reports, invoicing, etc. Should run you approx 25k. MAX!

This I know. It is not about finding a cheap one, but finding one who does the job right. If you get a bad one, it will cost you far more.

The best accountants, are not based in Stockholm. They are usually in small cities.
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Cheeseroller
post 29.Dec.2017, 04:03 AM
Post #13
Location: Germany
Joined: 10.Apr.2007

I found an excellent accountant in Stockholm that I have used for 20 years, who is able to answer tax related questions about my business in other countries. For this you need someone who is more than a general revisor, but a tax specialist who works for a firm that has international branches.

It has been much more of a problem to hire a good bookkeeper. This problem is not unique to Sweden, most bookkeepers did a short education and are as thick as a plank - simply stuffing numbers into a computer program without any consideration. Many did not do regular bank statement reconciliations - so the didn't match customer payments to invoices, or notify me when they had not received a receipt for an expense. At the end of the year, you end up trying to pull this together.

So unless you can hire a bookkeeper full time and kick then to give month P&L reports, you need to understand:

- monthly essential costs: rent, salaries, taxes etc
- monthly gross profit from sales

This tells you how much you need to make to survive each month and what freedom you have to spend on marketing, etc.

With regards to accountants/revisors, I recommend to hire a well known company. Tax authorities tend to pay closer attention to accounts provided be unknown accountants.
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sandon
post 29.Dec.2017, 09:17 AM
Post #14
Joined: 6.Jan.2007

Mc Curry

I am an accountant educated in Sweden from Australia.

I have many clients in your situation that are more than happen to work with a smaller business owner and will save you a large amount on what you are paying at the moment.

Drop me a line at swaaccounting@hotmail.com
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MrCurry
post 10.Jan.2018, 04:15 PM
Post #15
Joined: 24.Jan.2016

Thanks all. I have today received a letter from my accountant dated 1st November confirming I have instructed him to perform an audit. This is, of course, total fiction as the subject has never come up. Assuming he tries to invoice for this totally unnecessary audit which I haven't asked for, how does one dispute an invoice? I read somewhere on here you have to pay an invoice but then recover the money later?
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