Reasons To Consider Accountant For Contractors

In this country there are various national and international laws that governs the state affairs that happens in the country or beyond it. Entering in any business, you need to be more watchful and full of knowledge to survive in the system. In this time there is no one who can handle their work by themselves and even if they do, they end up blaming and hurting themselves. The changes in the economy also affect the flow of the business. Accountant for contractor are the way for those companies who are looking for the people to handle their company balance sheet. Sometimes the company even hire the freelancer as they do not have funds for the full time job.

These people are very necessary for the small firm to manage the funds easily and efficiently. The freelancers are always ready for these companies and to share their knowledge for their personal needs as well. They can provide services like year-end account, payroll dispersion, book keeping, VAT returns and many other accounting related jobs. There are some reasons why you should consider accountant for contractors.

• Financial advice: many accountants for contractor provide advices for mortgages, pension and insurance which are designed for contractors and freelancers.

• Specialists: there are many accountants for contractor who will give you best advice on how to operate your company. You have access to tax saving scheme which you cannot have in the traditional accountancy practises.

• More personable: the services that you will receive from an accountant for contractor will be more personable than the traditionally accountant practise. You will be allotted an account manager who will deal with you on regular basis.

• Can give you relief: accountant for contractors make the accounting package designs especially for the contractors that do not burden the administering of their book keeping, tax affairs and general administration. It is sure that you will not find such package for contractor in traditional accountancy practises.

• Work of an accountant: there are some work which should be provided by the accountant.

1. Annual corporation tax computations and returns.

2. Annual personal tax return for the director.

3. Dividend administration.

4. Preparation for all mortgages.

5. Access to exclusive contractor financial service.

6. Quarterly VAT return.

7. Quarterly PAYE payment notification.

8. Annual statutory accounts.

9. Support for all secretarial matters.

10. Provision of comprehensive spreadsheets that provide key financial information.

11. Full book keeping services.

12. Preparation of quarterly management accounts.

13. Registered office service.

14. Weekly or monthly payroll for the earning director and non fee earning employee.

These are some of the work that should be provided by the accountant for contractors. Therefore, it is really important to have an accountant because this task is not easy and can’t be handle alone.

MBSC is a firm of Chartered Certified Accountants that offers a full range of taxation services to small businesses in Shepperton, Weybridge, Esher, Cobham & Walton on Thames.