If you’ve decided to say goodbye to the old and hello to the new, where should you start when switching accountants, and how does the handover work?
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 business bank accounts integrate with FreeAgent and Xero
Bank transactions synching with your accounting software is just one of the many ways that digital technology makes life easier for contractors.
Shutting down your limited company – cessation accounts
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.
How long should contractors keep tax and accounting records?
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.
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 in plain English?
7 red flags you’ve outgrown your accountant – and what to do about it
Frustrated with missed deadlines or vague answers? These 7 red flags will help you decide if it’s time to switch accountant.
How to maintain accounting records as a limited company director
Accurate records help you keep track of your company’s finances and give you the information to work out your accounting position at any point in time.
Bad accounting habits limited company contractors should give up
As the new tax year approaches, a leading accountant highlights five accounting habits that often cause problems for limited company contractors.
Is your limited company accountant qualified?
The term “accountant” isn’t protected in the UK. Here’s what qualifications like AAT, ACCA and ICAEW actually mean, and what contractors should look for.
Can I charge my limited company rent for using a room in my home?
If you carry out some of your contract work from home, there are many benefits. There may also be some (small) pitfalls. The line between personal and work space can become blurred, and your utility bills might also start to creep up.










