If you have made up your mind about establishing and running a limited company in London, one of your priorities should be to find the best contractor account for your business, to enable you to outsource your book-keeping. The right account can prove to be an immensely valuable asset in the long run, as you don’t want any accounting mistakes. Not only can they help you in saving time and money when they help in managing the financial aspect of your business, but they can also give specialist advice and give you guidance regarding any important legislation. The problem is that in recent years, the number of limited company accountants has increased significantly and the industry has become quite crowded.
Therefore, finding the best account to help you in managing your limited company finances is easier said than done. How do you find a limited company accountants in London? Here are some tips that can help you in this regard:
Choose a Specialist
It is true that almost any qualified accountant will be able to handle your accounts, there are many specialist firms of accountants in different market sectors, such as those that only deal with the affairs of limited companies. By their nature, they are able to provide a far more superior level of service than a general accountant. With specialist limited company accountants in London, you can opt for a package that has a fixed monthly fee. This package would typically include preparation of accounts, payroll matters, corporation tax returns, telephone support and statutory returns. Some packages include additional features and you can choose one as per your preference.
The best part about hiring specialist limited company accountants in London, such as https://gmprofessionalaccountants.co.uk/, is that they will have a far greater degree of knowledge of the areas that concern your business. They will also be up-to-date regarding the trends and ‘hot topics’ in your industry.
Look at Qualifications
The vast majority of limited company accountants in London are chartered accountants, who may have chosen to specialize, but they possess a professional qualification. This means they also follow a strict code of ethics, which gives you peace of mind. It would be unwise to hire someone who is not professionally qualified.
Size of the Firm
The number of clients being handled by specialist firms of accountants will vary significantly. Some may deal with 200 clients at one time while others may have thousands; the number usually depends on the size of their firm. If you are looking for an ‘institutional’ type of service, a larger organization will be better suited for you, but if you want a personal touch, opt for a small firm of limited company accountants.
Cost of the Service
Last, but certainly not least, you should consider the cost of the service. When comparing quotes from different limited company accountants, make sure you compare the services they are offering in the same package in order to ensure you are getting your money’s worth.
With the help of these tips, you will be able to choose the right limited company accountants for your business. For more advice, this article from Xero will help.