Finding a contractor accountants

1 minute read (312 words)

Boring but important, having an accountant firm to make sure the books are HMRC-proof is important.

I don’t know why but I’ve found it hard to pick good ones, and harder than I expected to find, research and choose a firm.

Things that you need to keep in mind

  • Business insurance (professional indemnity etc), often bundled but needs to happen
  • Accountancy software - some use their own but that makes moving firms harder, so I’d use something separate. Some accountants bundle the fee.
    • Xero - works but not very useable, seems to be built around ye-olde accountancy practices rather than what’s easy to use.
    • FreeAgent - much more useable, good enough for a contracting business
  • Company registration (if you’re just starting), some accountants will do it for you, or you can set a company up yourself

Things your accountants can/should do for you

  • Submit yearly accounts to companies house
  • Help you set tax efficient salary
  • Make sure your accounts in freeagent are accurate
  • Help you understand your P&L (profit and loss)
  • Submit your vat returns, and help you make sure it’s right
  • Personal tax return prep (plus spouse), some charge extra
  • Make sure you’re claiming the correct expenses, notably home-office allowance
  • Check your accounts are in line with current laws and tax laws.

Additional services

Some also will do:

  • Bundled FreeAgent subscription
  • Company setup
  • Umbrella company stuff
  • IR35 assessment/protection
  • IPSE membership
  • Provide a registered address to use that’s not your home, and forward any mail
  • Business insurance
  • Registered company address

Contract accountant list & reviews

I’ve asked around my network and these are the ones I’ve gathered so far. I’ve put them in a table, added links to trustpilot reviews and made a note of current (at time of writing) review scores and counts to help decide.

Tweet This || Post to LinkedIn || Page Source

Subscribe for updates on software development, contracting, side projects, blog posts and who knows what else. Read the archives for an idea of content.

Mailing list powered by the excellent