There are a few different routes to take when choosing your accountant: some people will value a local firm, some will want an experienced specialist in their sector, some will like to know the cost before starting.
All of these are pertinent points and good places to start from.
So, are you going to be able to meet your accountant and will they know your business inside out?
More often than not if you’re a contractor or a freelancer, you are going to benefit from having your own dedicated accountant; not working with an accounting firm that has several different departments all dealing with just one element at a time of your company and taxation needs.
Can they promise at the start that their service will be fully inclusive and how much this service will cost you?
Traditional accounting practices keep track of their time using timesheets breaking down hours into ten lots of six-minutes, for example. Every call received, every email, every response is logged and charged, along with the work of the office juniors when they prepare your quarterly VAT returns or run your monthly payroll.
Are the accountants going to be fully aware of the IR35 legislation and are they going to have the relevant experience in the consultant, contractor and freelancer market?
Unless they are a specialist contractor accountancy firm, the vast majority of accounting practices will have experience that covers owner managed companies but don’t have full awareness of the IR35 rules, missing the little nuances such as the advantages of a personal service company and the flat rate VAT scheme.
Does their experience include providing tax advice and accountancy services to consultants, contractors and freelancers?
Do they know of and understand the importance of areas such as IR35 legislation, conduct regulations, agency worker regulations, managed service company legislation to your contract?
Why Integro Accounting?
Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.
We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.
Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.
The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.
We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.
If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email firstname.lastname@example.org or request a callback.