Looking for contractor accountants? Many accountants now offer what appear to be fixed monthly accountancy fees – and some are outwardly much cheaper than others. Beware of the headline prices and the hidden additional fees – the service behind the fees will not be equal.
Costs can add up quickly therefore, transparency is vital. Choose an accountant who offers a truly inclusive service for their fixed fees and ask them to set out in writing what their fee includes. If you believe you need additional services ask for a price to be agreed in writing before the work commences. You need to make sure you have no nasty surprises in the future. It is also really important to make sure that you understand any minimum tie in periods and costs.
I am new to contracting, what do I need to ask?
Consider the following when reviewing fees:-
- Do limited company formation costs cover registering for various taxes e.g. VAT registration and the opening of a PAYE scheme
- Is there an additional fee for using the accounting software?
- Is your tax return included?
- Are there additional fees for non-contracting income to be included on the tax return?
- Is there an annual filling fee?
- Are charges made for rent or mortgage references?
- Are you charged for meetings?
- Is all telephone and email advice included in the fee?
- Is there a closure fee?
Want to speak to one of our accountants at Genie Accountancy to find out a bit more? Give them a call on: 01296 468 185
