10 tips for choosing a contractor accountant

10 tips for choosing a contractor accountant

Jun 14, 2017

Life as a contractor can be unpredictable, but your finances need to be rock solid.  A good contractor accountant like Crest Plus will not only keep your books in order, they will proactively seek ways to help you maximise your take-home pay.  If your accountant isn’t doing this right now, month-by-month throughout the year, it’s time to consider switching.

Here are 10 questions you should ask when looking for a new contractor accountant.

1.  Are they specialists?

A specialist contractor accountant will have the knowledge and experience to guide you through the legal and tax implications of working as a contractor.

  • Crest Plus was one of the first accountancy practices to specialise in contracting.

2.  Are they qualified?

You should work with qualified accountants who are members of the Association of Chartered Certified Accountants (ACCA) or The Institute of Chartered Accountants in England and Wales (ICAEW).  This ensures they are fully trained and that they adhere to a professional code of practice.

  • Crest Plus accountants are all qualified. Our team is led by a Fellow of the Association of Chartered Certified Accountants.

3.  Do they have a solid track record?

It’s good to work with an accountant who has a strong track record in the contracting industry as they will understand, anticipate and be structured to meet your ongoing needs.

  • We have supported more than 350,000 contractors to work successfully and are proud of our client testimonials.

4.  Are their fees clear?

Choose an accountant who offers fixed fees for the year, so you know what you’re paying for and there are no nasty surprises along the way.

  • We are competitively priced and make our fees clear at the outset.

5.  Do they provide ongoing support?

You need to work with an accountant who is there for you year-round, not just at the end of the financial year.  Will you be able to speak to a named advisor whenever you have a question?  Will they review your accounts regularly to ensure everything is in order?

  • You will be given a dedicated point of contact at Crest Plus, though any of our team will be pleased to help. Our lines are open 8.30am – 5.30pm Monday to Friday.

6.  Do they offer IR35 reviews?

You’ll need to ensure you comply with IR35 rules.  You’ll need an accountant who understands the rules and reviews your contractual status to ensure you are compliant.

  • Here at Crest Plus, we provide free, unlimited IR35 reviews for all of our clients.

7.  How flexible are they?

Life as a contractor can sometimes be unpredictable, so it’s important to work with an accountant who can be flexible in their approach, providing advice and guidance whenever required.

  • Our service can be flexed to meet your changing needs – for example, we offer a free review each time your contract changes to help ensure you remain compliant.

8.  Can they provide easy access to financial information?

It’s important to have easy access to up-to-date information about your finances.  Choose a contractor accountant who has an online book-keeping package so you have 24/7 access to your current and historical accounts.

  • You’ll have access to KashFlow, our online accounting system, or we can provide detailed spreadsheets, whichever you prefer.

9.  Are they customer-orientated?

It’s far easier to work with a contractor accountant who is proactive in looking after your needs.  How accessible are they to you?  And will they always respond to your queries without you having to chase them?

  • We pride ourselves on our proactive approach. We promise to respond to any communication within 24 hours (Monday – Friday).

10.  Are they endorsed by good testimonials?

It’s good to work with a company which is recommended by others.  Ask to see references and testimonials.  Remember, if you’re not happy with your accountant in the first few weeks then take your business elsewhere.  You need a contractor accountant who puts you first.

We are confident you will be pleased with the service you receive from Crest Plus.

What to do next

Crest Plus is one of the UK’s longest-established specialist contractor accountancy firms, with almost 20 years’ experience in supporting 350,000+ contractors in a range of industries, from construction to healthcare.

The company provides all the accountancy services required by contractors, whether operating through Crest Plus’s umbrella company, Umbrella Plus; a limited company or through the Construction Industry Scheme (CIS).

Reliability, excellent customer service and attention to detail lie at the heart of the Crest Plus approach. The team is proactive in helping contractors with all aspects of compliance and finance throughout the year.

Please get in touch to find out more about how we can help you to get the most out of working as a contractor.

Find out more

You may find the following pages and articles helpful:

Why use a Specialist Contractor Accountant?

Contracting successfully with Crest Plus

Is a PSC right for you?

What is IR35?

Our Guide to Your Working Options

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