From: Peter Saxton 
Newsgroups: uk.finance
Subject: Re: Setting up a first time business
Date: Sun, 03 Sep 2006 19:22:54 +0100

On Sun, 03 Sep 2006 17:41:37 +0100, Peter Saxton
 wrote:

>On Sun, 3 Sep 2006 17:07:30 +0100, "Tim"  wrote:
>
>>> >> >"Peter Saxton" wrote
>>> >> >> If you want to form a limited company
>>> >> >> you would need an accountant to
>>> >> >> prepare statutory accounts and
>>> >> >> run your payroll to pay you wages.
>> ...
>>> >"Peter Saxton" wrote
>>> >> I'm not talking about qualifications.
>>> >> I'm talking about ability.
>>> >
>>> "Tim" wrote:
>>> >You don't need to be an accountant to have the
>>> >*ability* to do the tasks you mentioned either...
>>> >
>>> >Why do you think that *only* accountants have the
>>> >"ability" to prepare accounts, pay wages & run payroll?
>>> >
>>"Peter Saxton" wrote
>>> Why would a non-accountant take the time to
>>> spend the time getting the knowledge and ability
>>> to prepare statutory accounts when they could be
>>> more usefully spend time running their business?
>>
>>You are assuming that they don't already
>>have any of that knowledge & ability!
>>
>>I also note that you don't mention the wages
>>& payroll now.  Do you really think that all
>>"non-accountants" don't possess the ability to pay
>>themselves a wage and fill in a few payroll forms?
>>
>Filling in a few payroll forms may be possible. What happens if you
>employ a student to work for you a few hours a week?

Looks like filing in a few forms is easy enough to talk about but
actually knowing more than that is beyond him.

Talk is easy; action is harder.

-- 
Peter Saxton from London
peter@petersaxton.co.uk