5 online accountants for contractors and freelancers
In recent years, there has been a surge of new generation web and desktop-based accounting software which has revolutionised the way contractors and freelancers manage their finances.
Online accounting allows you to keep track of your business' invoices, tax, cash flow, profit and loss – even VAT in some instances. If you are a small business, accounting software can help you compile business information in a clear, succinct and manageable way. Here are some of the most popular options on the market at the moment:
Crunch Accounting
Crunch offer a range of online accountancy services for sole traders, limited companies, contractors and small businesses. Crunch have over a decade of experience and have built a self-employed community of over 67,000 members. Packages are available for whatever stage your business is at - including a free option for start-ups that includes access to their bookkeeping software, the ability to record and track expenses and connect your bank account.
SG Accounting
SG Accounting was established in 1995 to handle the accounts and tax for contractors. Since then many things have changed in the market but SG's USP is the personal service provided. SG come to meet all new contractor clients for an initial tax planning meeting. The meeting is great for first time contractors to get to know how things will work under their new ltd company but also for experienced contractors who want to ensure they are working as tax efficiently as they can. SG Accounting has offices in Hampshire and London but travel all around the country meeting their clients.
Aardvark Accounting
Aardvark Accounting links a personal accounting service with Freeagent accounting software. They offer all in one contractor specific accounts software with real accountants available on the end of the phone and email.
KashFlow
KashFlow's unique selling point is that it offers direct VAT filing. The user simply runs the VAT report, enters their HMRC online filing details, and presses submit. Submitting returns can be a laborious task for many small businesses, so the ability to do so without leaving KashFlow is a definite advantage. Information is presented clearly on the site, which even includes a form that will generate a 'business health check' score, with ideas on how you could improve it. Other excellent features include stock management, speedy invoicing and secure integration with a variety of payment card processors.
ClearSky
ClearSky specialises in contractor accounting, ensuring that everything is structured as compliantly and tax efficiently as possible. It is a good option for those who have recently set up their own limited company, as the in-house team of IR35 experts can provide crucial information on how to maximise your income, whilst ensuring your business is fully compliant. Every contractor is assigned a dedicated personal accountant, and there are various packages to suit budgets and requirements.
http://www.clearskyaccounting.co.uk/
Please note: Markel do not endorse or recommend any one provider and this information is intended as a guide only.