When looking for a suitable contractor accountant who specializes in various accounting matters, then there are some things you must put into consideration before you finally choose which one to employ or use. Whether you are new, or highly experienced in operating through your own Limited Company, you must carry out due to determination when choosing your qualified contractor accountant.
The best qualities of top contractor accountants
They have good credentials
It is essential that an accredited accountant is selected as it promotes accountability, compliance with the laws and regulations, field expertise, and professionalism. As the director of your organization, you will always be accountable for the running and continuity of your firm. If you choose an accountant who is not regulated and then somewhere along the way they make errors in you accounting affairs, it is you who will be held responsible by HMRC. If you choose an accredited accountant, you will get the best advice, quality services and finally, total peace of mind.
They charge reliable fees
Your accounting charges should be a fixed monthly fee and should cover all the administrative charges with the tax authorities; tax returns, VAT registration, PAYE administration, and end of year accountants. Your accountancy provider should specify clearly what is included in the service package. You can get a complete accounting service for around £120 per month, whereby all the administrative issues of running an Organization should be carried by your accountant, leaving you to concentrate on contracting.
Service Levels – Awards Checking, Standards, and Approbations
There is nothing worse than being passed from pillar to post when all you need are direct answers to basic questions. It is important that the finely detailed service levels rendered by your accountant are up to scratch. You should be given a dedicated Client Director who will deal with your daily financial matters and also reliable to answer any questions you may have.
Specialist Knowledge in the industry
There are other specific industry areas which your accountant should be able to give advice whenever you require it. Look out for these Industry Bodies. These bodies audit contractor accountants on their performance and ensure they are up-to-speed with crucial touching topics which could hinder you personally
You cannot stop looking into what other contractors think about the accountancy provider. Moreover, there is no problem having a quick look into what recommendations they have and how many.