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Quick tips to find the best contractor accountants in London

If you are a contractor or freelancer, employing the services of a specialist contractor accountant is one of the best ways to effectively deal with the matter of tax. A specialist accountant will ensure your business or company meets all its legal and statutory tax obligations. This means you won’t have to pay more tax than necessary. Here are quick tips to help you find the best contractor accountants in London.

Contractor accountant certification

The best contractor accountants in London - and the rest of the country - are either certified or chartered. Don’t allow a contractor accountant who is not certified or chartered to handle your contracting company or business. Uncertified contractor accountants are not qualified accountants and are far more likely to not be up-to-date with the latest statutory tax legislation, such as IR35.

Check that the contractor accountant you identify is certified or charted by a recognised accountancy body, such as the Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW) or Institute of Chartered Accountants of Scotland (ICAS).

Good contractor accountants in London you can try include Tempo Accounting that offer the very best of online accounting and Aidhan Accountancy who specialise in providing a strong online and physical presence.

Contractor accountant fees

Many specialist contractor accountants in London charge a fixed monthly fee that can range anywhere from £70 to well over £120. Get a full quotation of the fees specialist contractor accountants you identify charge for a year right from the beginning. Also, check if there are any one-off set up costs that exist, such as a set up fee for a company.

Shop around to find the right contractor accountant with the most competitive fees. Bear in mind that prices don’t always relate to the quality of service you get. So, be very cautious and keen when choosing a contractor.

KB Accountancy in London is a good example of an accountancy that can eliminate all your IR35 headaches for a monthly fee that is one of the lowest on the market. Cloud9 Accountancy also can help you keep the tax man happy for a charge that is often less than half what most contractor accountants charge in the capital per month.

Bottom line

Obviously, there are dozens of good contractor accountants in London. We recommend you hire an accountant before you actually start contracting. You contract accountant should be able to help you set up your company and register you and your company with relevant tax authorities. The best contractor accountants in London will keep you well enlightened and updated on your obligations to the tax man.

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