London, United Kingdom, September 5th 2011 – Becoming a self employed contractor can be a challenging route to take but it is certainly not without its rewards – a lifetime free of working for a boss and a potentially very lucrative business are the two primary benefits. However, the process of setting up as a contractor and then successfully navigating your way through book keeping, account keeping, and filing your returns, can be a challenging course indeed.
There are numerous ways in which an individual can establish themselves as a professional contractor. They can register as a freelancer, set up a limited company, or they may benefit from establishing an umbrella company. Contractor accountants will be able to discuss the merits of each of these and will consider personal and professional circumstances before advising on the most likely and most beneficial setup.
Regardless of which path is chosen, contractor accountants can also assist in the formation of the business itself. They can provide book-keeping systems that can be implemented from the very beginning, saving time and improving business processes and systems. These systems will help ensure that the contractor can concentrate on servicing contracts, managing clients, and running the business.
All financial matters can be covered for contractor accountants. They are able to register a business and file tax and VAT returns. They can source and open a suitable business bank account and they are able to deal with PAYE accounts, and even advise on additional factors such as the travel expenses that are allowed for contractors and professionals.
Beever and Struthers offers an extensive range of contractor accounting services that can assist the contractor to become self employed or to set up their own business. Visit FreelancersAndContractors.co.uk for more information on these services and to see the numerous ways in which Beever and Struthers can help to maximise the potential of your business.
Freelancer & Contractor
Tel: 0161 838 1818