Stepping Up To The Plate: How Could Your Accountant Improve?

Google reviews
May 20, 2016

Accountants, by and large, will do whatever it takes to make their services complement your business model. Hiring someone like us gives you an inherent promise: to save you time and hassle when managing your payroll, tax returns and business expenses.

Contractors and freelancers need an attentive accountant who can keep up with the fast-paced nature of their work. If you’re unsure whether your accountant is hitting the right notes, here are some things to look for to see if you’re getting value for money.

Balancing the books

Having a scheduled quarterly or half-yearly bookkeeping check is vital for making sure there aren’t any invoices or receipts slipping through the cracks. A check-up like this should be extensive, ensuring that your accounts are in order long before the HMRC deadlines.

Combined with an online bookkeeping tool like FreeAgent, which can share your finances with your accountant wherever they are, makes for smoother communication. It can also ensure any issues are solved before they become troublesome.

Time for a cuppa

Digital dialogue is advantageous, but face-to-face meetings are still important for reviewing your financial position and business plan. Any issues you have are best solved in the personable sphere of a private room and a cup of coffee.

If your accountant is reluctant to see you once a quarter or so, take them to task for it. At the end of the day, both you and they will work more in harmony if you spend the time getting to know one another.

Room to grow

If you have grand plans to grow as a business, you want to be sure that your accountant is in it for the long run. Filing payrolls and tax returns isn’t too much of a headache or expense when you’re a one man band, but what about when you take on your first employee? Or your second, or third?

Your accountant should be prepared to support your long-term business plans, allowing your payroll and bookkeeping to evolve without watching your costs spiral out of control.

Keeping you compliant

If you’re an independent contractor, you really have to justify your self-employed status to HMRC if a particular job is taking up swathes of your time. The contracts you sign with a client need to be poured over so you can avoid financial penalties imposed by IR35. If your accountant is somewhat vague on this front, seek specialist advice from a contractor accountant – like us!

Working for yourself is a liberating experience yet, like any worthwhile pursuit, the advice and support of other people will make all the difference for the future that awaits you. Having a top-drawer accountancy service will secure your financial position and leave you resting easy that your accounts are under control.

Fed up with your current accountant? To enquire about our accountancy packages, call 0161 669 4221 or email to have a chat with our team.

Poor, Avarage, Good, Excellent


Recent Articles

Make sure your will is up-to-date and you have planned for IHT

Make sure your will is up-to-date and you have planned for IHT

Many of us will die without a will because it is something that we fail to get around to, often because we don’t want to think about our own demise. Around half of UK adults don’t have a will, with a third of those over 55 in this position, according to research from...

UK Export Finance doubles limit to £10m for traders

UK Export Finance doubles limit to £10m for traders

Small businesses looking to access funding to expand their exporting opportunities can now fast-track their applications with UK Export Finance, the Government’s export credit agency, and apply for twice the previous amount. The limit available now is £10m. The move...

Exporters must make declarations on a new system from March 30

Exporters must make declarations on a new system from March 30

Any trader making export declarations needs to move to a new HMRC system from March 30 this year. The CHIEF system is being fully replaced by the Customs Declaration System, and anyone who has been using the old system will now have to move across. There has been a...

Ready to join us?

Whether you’re a contractor, freelancer, or small business, Bright Ideas can help remove the burden of time-consuming and complex finances. We’ll draw on our years of knowledge and experience earned helping sole traders just like you.

When you choose us, you’ll be assigned a dedicated Account Manager who’ll provide one-on-one support that’s customised to your business. Communication is key, so we’ll always answer your questions or requests as soon as we can. In fact, we offer a same-day response guarantee for emails and calls received before 3pm.

Contact us to get started

Give us a call us or send an email today!

Looking to switch accountants?
We make the transition simple.

Does your current accountant give 1-to-1 support? Are they fast and thorough?
Slap-dash services hold businesses back, so try our experts instead.

Move to an accountancy service that goes the extra mile…

Start the conversation

Let’s make your finances Brighter

Call us Monday to Friday 9am - 5pm

0161 669 4221

Request a call back