Why do you need an Accountant?
IR35 is horrifyingly technical and complex, but it’s crucially important to contractors. Accountants will know everything there is to know about every last detail that affects you.
What will your accountant do?
Your accountant will advise you on how best to set up, taking you through the array of options in front of you, assessing your individual situation and offing you some plain, simple, honest guidance. Once that is decided they can take care of everything, from NI contributions to VAT returns and business and personal tax returns. They will regularly assess your IR35 status to make sure you’re keeping HMRC on side.
What should your accountant charge?
As far a IR35 is concerned, accountants tend to charge on a monthly basis. Most will charge on a tiered basis, so that you only pay for the services you need. This can all be discussed when the accountant first contacts you.
Some accountants though may be happy to do the set up work for your company and point you in the right direction, for a fixed fee.
Any questions?
Check out the FAQ at the bottom of the page, or email us on quote@accountantsuk.org