What to consider?
When you work through an umbrella company, all of the admin-type tasks are looked after for you. However, when you work for yourself, you may need a dedicated accountant to guide you.
There are many accountancy firms out there, including on the high street as well as online. However, out there, there are specialist contractor accountants which are experts in the contracting area.
If you appoint a firm of accountants, it is better to have a personal accountant that is dedicated to looking after you. This is better than being dealt with by different members of staff as they may not necessarily know exactly what is going on with your affairs. Your personal accountant can look after you from day to day and deal with any issues that arise.
An ideal accountant will provide limited company accountancy and also specialise in this area. They will provide news and updates whenever something new or important arises. In addition, they will also contact you with news with regards to any important changes that affect you. There should also be the option of face-to-face meetings if the need arises.
The best time to change
If you are looking for a contractor accountant or small business accountant or are thinking of changing your accountant, the best time to do this would be at the start of a new financial year. We have written a couple of articles on this that are on this site.
Alternatively, if you are looking to appoint a specialist professional who provides accountancy services for UK contractors we would be happy to help. We will help you form a limited company and guide you going forward. Please note that we will also help you maximise your take-home pay and notify you of tax-saving ideas. There are lots of Contractor Accountants in the UK, and we offer an excellent and competitive service. Contractor accountants will usually offer accountancy packages that include a fixed fee and this will help you spread the cost over a calendar year.
Please note, our charges are very competitive and good value for money.