In addition to the personal services of an accountant, the best contractor accountant package also include access to a suite of online software, allowing customers to save time and hassle relating to day-to-day tasks such as recording expenses and creating invoices. And it goes without saying that this entire package should be great value, with a monthly subscription cost that is fully explained and transparent from the moment you sign up to ensure you’re not hit with additional fees at the end of the year.

 

 

 

 

Although contractor limited companies are small businesses, they have unique features and, most importantly, are subject to legislation that most other small businesses are not such as IR35 and the Managed Services Companies (MSC) legislation. If you choose a high street accountant that is not a specialist in contractor affairs, they will not understand the technicalities of the MSC legislation and undertake activities leaving them in breach of the rules and you possibly facing penalties.