Manage Your Business Efficiently With A Contractor Accountant

Accountants are needed for every business; the start-up companies generally look

out for freelance accountants due to either dearth of office space or inability to afford a full time employee. In that case the accountancy work is carried out by contractor accountants and their whole business is set up to meet the accountancy needs.

Some of the services provided by contractor accountants are:

1.Setting up the business: The accountants suggest you the best work and ways to minimize tax liabilities.

They may not take the decision for you, but help you to stand by the decision. Choose the business, and theyll give all the possibilities and their aid. In addition to this, they also manage your companys bank accounts.

2.Own accountant: You get a personal contractor accountant who will solely work for you without any simultaneous client. This ensures the most dedicated suggestion by the accountant.

3.Calculate and submit invoice: The accountant would register your business for PAYE, VAT, Corporation or Business tax. Not only this, he would calculate payroll and profits by providing all the details and advices regarding VAT and other payments.

4.Helping with the current business: If you already have a business set up, they might provide the details for the same, too.

5.Claiming expenses: They help claim the expenses in addition to the filing tax return. They make you aware of all the existing policies.

6.IR35 and other legislations: The IR35 and other taxes require a lot of attention. You need qualified accountants to help you in this case.

7.Insurance provision: If your company faces a problem when it comes to insurance, contractor accountants can help.

Types of insurances you are provided with:

Professional Indemnity Insurance

Employer's Liability Insurance

Public Liability Insurance

Contractor Insurance

Freelancer Insurance

8.Pension funds: Contributing to the pension funds (personal or company) is made easy.

Each of these works are important for the business to operate smoothly. With the help of such an accountant you are going to reach your goal first.

by: jessica thomson

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