In short, yes, using a specialist accountant is by far the best approach. Here are some reasons as to why we believe that to be the case:
- A specialist accountant will have experience in some very specific areas that are relevant to your situation as a contractor, consultant or freelancer.
- A generalist accountant will ordinarily bill by the minute for time spent looking into and answering your queries, whereas a specialist accountant will have those answers already at their fingertips. This leads to a much more efficient service at a lower cost, making a specialist accountant far better value for money.
- A specialist accountant’s internal systems will be set up to provide all the services that you need from them, saving you from having to do a lot of tasks yourself, like submit your own VAT returns for example.
- A specialist accountant is there to save you time as well as money, as they recognise that your time and energy goes primarily into being a contractor, consultant or freelancer rather than a business owner. You are also more likely to get one point of contact with a specialist accountant as a generalist accountant will often, for example, have a point of contact for accounts; another for company tax; and another for personal tax.
More information on forming your limited company and working through a limited company can be found through the links below:
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 Williams, 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.