Whether you’re preparing to go it alone as a contractor for the first time or want to remove the accounting burden from your shoulders once and for all, choosing the right accountant to partner with is crucial.
You have to be able to trust them implicitly, after all; they’ll be responsible for ensuring you remain compliant with legislation, helping your company remain profitable and giving you the insight you need to make important business decisions.
The right accountant can revolutionise the way you work… and the wrong one can spell disaster for your business. To help you choose a suitable company to partner with, we’re going to list four key factors to consider.
Make sure they’re specialists
Contractor accounting requires specialist knowledge, and while general accountants may be able to balance your books just fine, they’re unlikely to be able to offer you the level of insight and advice that a specialist can.
From advising on IR35 rules to company structures, specialist contractor accountants can help you not just maintain your business as it currently sits, but grow it further.
This may sound self-explanatory, but checking reviews isn’t as simple as just briefly skimming through them. With something as important as accounting, we’d recommend really diving into a company’s reviews to make sure they look legitimate.
If you’re still not sure, ask your friends in the industry for recommendations – a personal endorsement goes a long way when you’re dealing with such an important, business-critical service.
Learn about their services
Spend a while on the company’s website to familiarise yourself with who they are and what they do. If you have specific requirements or preferences, it’s important to check that they can deliver what you’re looking for.
It’s important to check their credentials, too. Make sure they’re familiar with Making Tax Digital software – accreditations like Quickbooks’ ‘Certified ProAdvisor’ scheme indicate that a company has the expertise you’re looking for.
Above all, don’t be afraid to ask questions. If the firm you’re looking at is friendly and accommodating, they’ll be more than happy to answer any questions you have and put you at ease. If they don’t, they’re probably not the company for you.
Contractor accountants in Ely
Our experienced accountants in Ely specialise in construction accounting, but work with contractors in all manner of industries on a regular basis. If you’re looking for an accomplished firm you can trust, look no further. Learn more about our services today or contact us today to schedule a free consultation.