Accountants for IT contractors

As an IT contractor, it can get confusing trying to manage your clients and responsibilities with balancing your books.

When it comes to dealing with HMRC, the last thing you need is to be investigated because you skipped a step in your taxes or you didn’t keep one receipt.

Tax for IT Contractor is complicated

Tax is a complicated and while you could technically manage your personal and business tax affairs via phone with a tax advisor, you can’t always get the same service.

Plus, why would you want to manage your affairs yourself when you can rely on someone else who knows what they’re talking about?

Choosing an accountant

Choosing a reputable and professional contractor is one of the many steps that you have to take to get your business running in the right direction.

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Criteria for hiring an accountant

There are certain things that you need to look for when you hire an accountant, and you want a firm that is available to you and can provide you with the following:

  • Can offer you a guarantee on their service
  • Has local offices to you, so that you can meet them face to face.
  • Gives you the chance to have one dedicated point of contact, which saves you dealing with unfamiliar faces all the time
  • Has a good reputation among other IT contractors local to you
  • Has fair fees that are affordable to you

It can seem like an impossible task, though, because it’s difficult to know which company is telling you the truth about what it can offer you and which company is going to give you the best service.

The one thing that you do want to do, is get a dedicated accountant, not an account manager.

You need someone you can pick up the phone and talk to whenever you have financial questions, meet with when it comes to balancing the books and someone who will understand your business and personal financial goals.

You may think that it doesn’t really matter which accountant you pick for your business.

After all, they all provide similar services at similar prices, so why wouldn’t they all be the same?

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Accountants with IT contractor experience

The thing is, you wouldn’t hire an accountant who had never dealt with smaller firms or single contractors, because they won’t have the expertise that you need.

You also wouldn’t hire a company that didn’t understand your position; otherwise, how could they work for you?

Instead, as an IT contractor you need an accountant who is :

  • Proactive
  • Adapts to suit you
  • Always be on hand to visit
  • Can speak to you on the phone

Enter, Universal Accountancy.

Based in Hertfordshire, we are a dedicated and professional accountants for IT contractors, offering accountant services and helping our clients to reach their full potential.

We pride ourselves on our proactive approach with our clients, keeping them updated on their finances so no questions even need to be raised.

All of your accounts, tax obligations and any other financial requirements are delivered on time and in an efficient manner – we are nothing if not professional.

At Universal Accountancy, we will always be a phone call away, but if you prefer to visit us for a conversation and have any concerns ironed out, we are more than happy to do that.

Managing your finances is what we are good at, and we know that we can add value to your business as an independent IT contractor.

Our aim is to deliver you complete peace of mind, so that you can concentrate on the things that you know you’re good at, while we do the same.

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IT Contractor Accountancy Services

We are proud to offer a wealth of services to our IT contractor clients, and as specialist contractor accountants, we get what you want.

We know that we can make your life easier as a professional and we want to have a hand in making your contracting life simpler.

Some of the services that we offer you are as follows:

  • Accounts preparation including annual accounts and management accounts.
  • CIS Returns
  • Payroll
  • Taxation, including corporation tax and income tax
  • Bookkeeping services
  • Company formation help
  • Advisory services, which includes business startup and self assessment
  • VAT advice and help

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Get in touch with Universal Accountancy today, and one of our experts will be happy to talk to you about your finance and accounting needs.

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