With monthly fees varying widely — from £50 a month to £150 a month and over — how do you establish what’s reasonable, what’s suspiciously low, and what’s extortionate?
Accounting Guides
If you are working via your own limited company, you need to keep on top of your accounting duties.
A good accountant will look after your company's affairs, however you (as a director) are utimately responsible for the accuracy of your company accounts.
Browse our accountancy guides to find out what your duties are, and what an accountant can do for you.
How to choose the best contractor accountant
With hundreds of firms to choose from, we look at the factors you should bear in mind when comparing specialist contractor accountants.
3 simple tips to reduce your accountancy costs
Here are three top tips for saving on your business accountancy costs during this cost of living crisis.
Change your contractor accountant – how to switch firms
As a company director, your accountant is likely to be your most important and trusted source of professional expertise while running your business. But what happens if things go wrong?
Do I need an accountant for my limited company?
There is no legal obligation to hire an accountant if you’re setting up a limited company. However, there are some very good reasons to do so.
The best online accounting software for a limited company
Doing your accounts will probably never become your favourite task. But accounting software may make you less prone to wanting to pull your hair out. Even if you’re not a numbers whiz.
Your balance sheet and profit and loss account explained
You may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account”. What do these terms mean, and what information can these documents provide you about your company?
How long should you keep your tax and accounting records for?
However you decide to work as a contractor – via your own company, or an umbrella – or if you’re a self-employed freelancer, you must keep your financial records safe for a number of years. How long depends on the type of tax.
What are the typical duties of a limited company accountant?
If you strip away all the marketing and price differences between competing firms, there are a number of core tasks all specialist contractor accountants undertake for their clients.
Why there is no such thing as an ‘IR35 accountant’
Although you should expect all contractor-focused professional accountancy firms to be highly IR35-literate, some still like to advertise themselves as ‘IR35 accountants’, which is a misleading term.