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Contractor accountants are specialist accountants who provide their service to the self-employed in particular, contractors or freelance workers. These are the workers that are contracted either short-term for a specific job or intermittently over the years for periods of time when a company is particularly busy. Alternatively, they may be contracted simply to carry out a specific and specialist task. Services the Best Contractor Accountants Offer The best contract accountants offer far more than just a simple bookkeeping service. They will, if you ask them to, deal with taxman for you. This includes filing tax returns and dealing with any correspondence from your taxman. In addition, they will offer advice about how to avoid paying more tax than you need to. They will ensure that you comply fully with the law, while still earning a good living from what you do. This advice can include how to word a contract and structure it so that you avoid appearing to be a regular employee of the firms that you work for on a relatively regular basis. Having this kind of advice is invaluable because it will stop you falling foul of the IR 35 rules. It ensures that you appear to the taxman as what you genuinely are i.e. a temporary employee. In addition, experienced accountancy firms will also help you to decide whether or not you should operate under an umbrella company. This is not suitable for every freelancer, but for those that it is suitable for an umbrella company can provide a secure way to get paid and keep your tax bill to an absolute minimum. Finding Contractor Accountants An online search for the term ‘contract accountants’ will bring you back a fairly extensive list of accountants who claim to offer these specialist accounting services. However, it is important to shop around and look for the most experienced accountant you can find. Look for those that explain the rules to you and do not encourage you to try to game the tax system. If your accountant gives you advice that leads to you dodging tax it is you, not them, that will be prosecuted. Beever and Struthers are one of the best contractor accountantsavailable. They have over 100 years experience of doing accounts for the self-employed.
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accountants for contractors, contractor accountants, ir35, ir35 rules,
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