Contractor accountants

[Raymond Reddington]

Hi all


Just wondered if any of you can recommend an accountant for a contractor working outside of IR35 and will be registered for flat rate VAT.

The firm I used to use provided a weekly breakdown of how much you could withdraw and spend and how much needed to remain in the business account after I told them what my expenses were that week. This worked well for me because I always had the right amount of tax and VAT left in the account and no surprises on bills.

I'm about to start a new contract assignment and need an accountant but the one previously used has put their fees up massively.

Any recommendations appreciated


Cheers

[vindaloo79]

Not SJD.

[paddy1970]

Maslins,,,not the cheapest but they are good

https://www.maslins.co.uk/

[Mr Pointy]

Do you really ned an accountant for that? How much are you paying in fees per month/year?

[Hol]

vindaloo79 said:

Not SJD.

This.

[Raymond Reddington]

paddy1970 said:

Maslins,,,not the cheapest but they are good

https://www.maslins.co.uk/

They look good, exactly what my previous accountant offers but some 50 quid a month cheaper.

[Raymond Reddington]

Mr Pointy said:

Do you really ned an accountant for that? How much are you paying in fees per month/year?

I'd rather have an accountant do the work to be honest as I'll be working 60 hours per week plus commuting so I value my free time

[pring_ing]

paddy1970 said:

Maslins,,,not the cheapest but they are good

https://www.maslins.co.uk/

+1 for Maslins. I've been with them for ten years. Most emails I send I get a well written, helpful response within a couple of hours.

[Takemeaway]

Raymond Reddington said:

Hi all


Just wondered if any of you can recommend an accountant for a contractor working outside of IR35 and will be registered for flat rate VAT.

The firm I used to use provided a weekly breakdown of how much you could withdraw and spend and how much needed to remain in the business account after I told them what my expenses were that week. This worked well for me because I always had the right amount of tax and VAT left in the account and no surprises on bills.

I'm about to start a new contract assignment and need an accountant but the one previously used has put their fees up massively.

Any recommendations appreciated


Cheers

Rule of thumb i used to use was to net off the VAT and then take it that 80% of the remainder would be distributable as dividend/salary. You may well end up with more than this following deductable expenses but you won't be caught short

[Raymond Reddington]

Thanks all

[98elise]

Hol said:

vindaloo79 said:

Not SJD.

This.

Agreed. They have been rapidly going down hill. In the last few years they made some fundamental mistakes and I ended up getting fined by HMRC. SJD did reimburse me, but I don't want black marks with the tax man. I want my accounts to be correct and the right tax paid, it's not much to ask of your accountant!