Bank transactions synching with your accounting software is just one of the many ways that digital technology makes life easier for contractors.

There may come a time when you no longer need your limited company. Here, an accountant explains the procedures you must follow when closing your business.

If you’re contracting through a limited company, using an umbrella, or trading as a freelancer, you must maintain accurate financial records. The length of time you must keep them depends on the type of tax and your business structure.

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.

You may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account”. What do these terms mean in plain English?

Frustrated with missed deadlines or vague answers? These 7 red flags will help you decide if it’s time to switch accountant.

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.

A good contractor accountant doesn’t just help you avoid problems with HMRC and Companies House; they also help you to run your business efficiently, make sound financial decisions, and keep more of your contract earnings.

Keeping accurate accounting records is an essential task for every successful contractor. Not only can you ensure that you stay on the right side of the taxman, but you should also be able to see exactly what your financial situation is at any moment in time.

As the new tax year approaches, a leading accountant highlights five accounting habits that often cause problems for limited company contractors.