Categorized | news

Contractors looking to jump ship, find another accountant

There could be a mass exodus of contractors that are fed up with their specialist contractor accountant firms, after news has been revealed that many new enquiries have been made to rival accountancy firms in order to find better tax planning.

It seems that many freelancers have been up in arms lately with  laundry list of complaints. Several contractors report unexpected tax bills of £5,000 or more, with unpaid tax bill penalty charges have been piling up and clients trading while insolvent due to overdrawn directors’ loan accounts.

This drop in quality service and advice seems to be endemic to the accountancy sector, but industry experts say that there are things contractors can do to prevent such occurrences. If you’re on the lookout for a new contractor accountant, you should make sure that your prospective accountancy firm can prove to you that such horrid fates will not befall you while they have you as  client by keeping  close eye on developments coming down the pike that could have an adverse affect on your financial health and undertaking CPD training to keep their professional knowledge current and up-to-date.

Good accountancy firms not only invest in the sharpness of their staff but also fully integrated online accounting systems that support accounting endeavours with the latest technology. A good accountant needs to empower their clients with around-the-clock real time information access with the most cost effective and cutting-edge accountancy services, which enables staff members to take a more hands-on and engaged role with each client and their specific needs.

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