Employee or Contractor? Accounting Services for Startups
Finding an accountant that does everything for you and offers an all-inclusive service can be quite difficult. A large amount of accountants, high-street and specialist, will usually try to charge you more for services that are often included in services provided by specialist contractor accountants such as Brookson. You could also hire an accountant, but, for a startup with limited capital, it’s too large of an expense.
The benefits of an all-inclusive service far outweigh the competition, giving you the ability to work as a contractor without any barriers or excessive paperwork getting in the way.
Dedicated Accountant
Unlike many other accountants, specialist contractor accountants and their all-inclusive service offer your own dedicated accountant. With years of experience and a wealth of accreditations between them, they’re hand-picked to manage your finances all while being one call away if you need any help. They’ll support you with the follow:
- Tax advice and best practices
- Bi annual reviews of your business
- Reports on your business finances
- Full understanding of tax, how it affects you, what you owe and your business cash flow
- Withdrawing money from your company
- VAT
- Any questions you may have on contracting and running a business
When you’re running your own business, especially when you’re new and just starting out, you need all the help you can get. Specialist contractor accountants are there with you, every step of the way, with support 6 days a week.
One big advantage of an all-inclusive service over hiring a staff accountant is gaining access to IR35 reviews which many specialist contractor accounts provide. If you’re not sure you’re affected by IR35 or what it even is then your dedicated accountant will help you gain peace of mind. An all-inclusive service such as one offered by Brookson will:
- Provide unlimited reviews
- All reviews completed by in-house employment law specialists so nothing is missed
- If you are investigated, you get represented by your specialist contractor accountant
- Review your contracts and working practices to ensure you don’t fall in the IR35 trap
Online Portals
Most all-inclusive services come with their own online portal, ways for you to connect and see your financial accounts at the click of a button, anywhere, on any device. A very convenient service that is flexible to your needs, it can come in very handy in a moments notice.
Many portals include 24/7 access on any device, a customisable dashboard giving you full control, a way to simply submit expenses and easy ways of raising new and repeat invoices.
Having complete financial support is essential to being successful in contracting, as an issue could arise at any minute, having real financial advice an arms reach away gives you the tools to react in the best way.
Financial Planning
Within some all-inclusive services, such as the service provided by Brookson, offer financial planning to help you with any additional financial services that you may require such as:
- Mortgages
- Pensions
- Retirement Advice
- Investment & Savings
- Illness and Life Cover
- Business Insurance
You never know when you may need help and advice on any one of these issues. In the world of contracting it’s vital that you plan ahead and stay ahead of the game, so speak to a specialist contractor accountant today and see what they offer. See below how Brookson provides comprehensive accounting services:
