What Almost No One Knows About Accountants
Running your own company can be such a hassle. As the director, you may face challenges dealing with tax obligations, the Companies House, and other issues. However, this doesn’t have to be the case; you can hire a specialist accountant at a monthly fee to take care of these tasks.
If want a stress-free ride as a contractor, at least in financial affairs, it’s important that you hire the right accountant. You wouldn’t want to work with someone who can’t communicate properly, or worse, has poor accounting skills. So how can you tell who the best contractor accountants are? You might find the tips below helpful:
Find a specialist
Be sure to select an accountant specializing in contractor work, and who also understands why it’s important to comply with the IR35. It would be prudent to avoid high street contractors, as although cheap, they don’t have this knowledge.
The best accountants for contractors will be rewarded with more-word-of referrals, thanks to their solid standing. Ask fellow contractors about their experiences with firms they’ve hired in the past.
Online research can go a long way if you don’t know other contractors. Browse through their reviews on authority comparison sites, to get a feel of what they have to offer. Not all these reviews are trustworthy, however, so you may have to check across a few other sites.
Certainly, the cost of enlisting an accountant’s services can be an important factor in your decision. Bear in mind that hiring a costly one won’t guarantee you excellent services. On the other hand, hiring the cheapest option could turn out to be expensive in the end.
What’s more important is to feel comfortable working with the accountant. You need to have confidence in their ability to handle your tax affairs competently. For this reason, don’t let the price have too much influence on your decision.
The days when contractors would be sending their paperwork in an envelope to their accountants for “processing” are long gone. In present times, things are so much easier for both parties thanks to the web. However, not all accountants for contractors have fully embraced the latest technologies. Some will ask you to upload your spreadsheets via an interface, despite claiming to have an online accounting system.
The companies that really use the latest technology offer their services fully online–you may view/update your accounts in real time. The software used isn’t necessarily the same for all, but that shouldn’t matter so long as it’s efficient and user-friendly. Before signing up with a firm, be sure to ask for an online demo so you know exactly what to expect.
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