This article aims to highlight the main differences between accountants for contractors and a traditional accounting practice.
If you are a contract worker or freelancer operating your own personal limited company, you should really be using an accounting firm that specializes in solutions for contract workers. Here are the reasons why you should consider using accountants for contractors:
1 – Specialists
Accountants for contractors will give you best advice on how to operate your company in the most tax efficient way as a contract worker. You have access to tax saving initiatives such as the FLAT RATE VAT scheme, which you may not be advised about when using a traditional accounting practice.
2. Financial Advice
Many accountants for contractors can also provide financial advice on mortgages, pensions and insurance which are specifically designed for contractors and freelancers.
3 – More personable
Generally speaking the service you will receive from accountants…