Finding the best Accountants for Contractors
Finding the best accountant for yourself can be hard enough. Finding the best accountants for contractors can seem like a near impossible task. When you are just starting out, you may not be entirely sure of what you are doing or what you should be looking for. This isn’t made any easy by the number of accountants nowadays who make big claims that they provide the best service and guarantee ways of increasing your business profits easily. All of the claims are displayed unashamedly on their adverts and websites but when it comes to delivering on those promises they quickly make excuses and blame something out of their control. Some of them just make excuses and try to pass along the blame, others simply just dodge your calls for a while before giving you some bad advice. Regardless what happens, almost everyone has had a bad experience with their accountant but that doesn’t mean that you have to too.
How to choose the best Accountants for contractors?
If you are looking for a new contractor then there are some common mistakes that people often fall into that can greatly affect their experience and how effectively and efficiently their accounts are dealt with. A common mistake that people make is the assumption that all accountants are able to carry out the same job. This is very wrong. What we mean is that some accountants will be better and more equipped at dealing with larger clients such as institutions and business, others will specialise with individuals or as accountants for contractors. Another factor to consider is that some accountants will happily take your accounts, complete and organise and give them back to you without the need of any effort on your part. Others will prefer you to be more involved and require you to answer many questions about what you need of them. If you are happy to just send in your information and have someone else sort it then you may prefer an online accounting firm. If you would prefer to be more involved then you may prefer a smaller firm with a physical office.
What you need to consider
Even once you have taken everything into consideration, finding the best accountants for contractors is still a very hard thing to do. the best accountants for contractors will specialise in specific things such IR35 completion and compliance. Some accountants for contractors should also specify whether they will work directly with Umbrella companies or just with the contractor themselves. Do they simply claim that they are accountants for contractors or are the dedicated specifically to contractors? Failing to consider or acknowledge the importance of these things is almost guaranteed to cause a lot of headache in the future. If you are a contractor and you fail to submit you IR35 then you are liable to face extremely hefty fines and even prosecution! This is why it is imperative to find the best accountants for contractors in order to save yourself money and time.
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