Finding the best Contractor Accountants

Finding the best accountant for yourself can be confusing enough as it is. Finding the best contractor accountants for yourself can seem near impossible. This is especially tough when you have no idea what you are doing or where to begin. Almost all contractor accountants that you talk to will tell you the same thing. That they can double your profits and introduce hundreds of new clients to you. They will boldly display these claims over their website and adverts but they are just telling you what you want to hear. They will regularly make these promises but when the time comes to follow through they can immediately list a number of excuses of why they couldn’t do it. The story is always the same. They provide a generic excuse or simply shift the blame to someone else when the time. Whatever happens, they still have no problem collecting their fee from you. While everyone may seem like they’ve had at least one bad experience with their accountant, it doesn’t mean that you have to have one too. That is why we have put together some tips for you to consider when choosing the best contractor accountants for yourself.

How to choose the best Contractor accountants?

When looking for the best contractor accountants there are a number of mistakes that people of make that can greatly affect their experience. On common mistake that people make is to make the assumption that all accountants carry out the same work. For example it makes little sense work with an accountant who specialises in medium to large sized businesses if you are only just starting your business as a sole trader. Another aspect to consider is how involved you actually want to be in the filing of your accounts. For example if you are happy to just send in the relevant information and have someone organise and file them for you then a firm that specialises in just that would be better for you. However you may prefer a firm that has a dedicated accountant who personally works with you to save you as much money as possible.

What to consider when choosing contractor accountants

Even when you take these things into consideration, finding out who the best contractor accountants are is still a very difficult thing to do. The right accountants for contractors need to specialise in very different things from accountants that work with sole traders and companies. For example, do they have any experience in dealing with IR35? Do they work directly with contractors themselves or do they deal with the Umbrella companies? Do they simply claim to specifically be accountants for contractors or are they actually recognised and accredited as contractor accountants. Failure to consider or even acknowledge these things can not only cause you a massive headache in the future, but in some cases can prove to be disastrous. If you are a contractor and you fail to complete your IR35 in time, or forget to complete altogether, you will likely face hefty penalties from HMRC, and even prosecution! The fact of the matter is that certain contractor accountants specialise in certain things, that is why finding the best contractor accountants is critical to your success.

If you would like to learn more about finding the best contractor accountants or about how JW Tax Help can help you and your business then visit our homepage here for more information.

Setting up Quickbooks

Quickbooks Setup

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don’t just help you use the software, we help you use it more efficiently and more effectively.

We offer the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally Either one-on-one or several individuals within your organization at your company’s location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or re-classifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

If you would like to learn more about JW Tax Help and how we can help you and your business, you can visit our homepage here for more information.

Accounting and Bookkeeping

Accounting services

Accounting and Book Keeping services are the foundation of our business. We provide quality, value-added accounting services, while adhering to the highest moral, ethical and professional standards required of our profession.

We offer services like bookkeeping, general ledger, internal control review, and financial statement preparation to help you maintain accurate financial and operational information.

Who we help

Our clients include individuals, partnerships, small businesses, and corporations across a variety of industries.

Accurate books are the backbone of a successful business. Comprehensive bookkeeping services can help you improve your business overall financial health, spot opportunities for increased profitability, and better manage your cash flow. With bookkeeping services such as monthly operating statements, bank reconciliations, general ledger, balance sheets, financial graphs, and budgets, we can help you better manage your business financial records.

Our accountants can also provide guidance from the installation and initial setup of your QuickBooks accounting software to periodic review of your data files and ongoing support services. Well help you determine whether QuickBooks Pro, Premier, or Enterprise is the right fit for your business.

If you have been using other accounting or payroll systems, we can facilitate a conversion to QuickBooks. We can also assist with the cleanup of prior incorrect setup or misuse of QuickBooks and help you address data integrity issues.

Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly.

General ledger and financial statement preparation
Bookkeeping (Monthly, quarterly, or annual)
Accounting system setup and support
Payroll processing
Cash flow budgeting and forecasting
Corporate tax planning and return preparation

Outsourcing Accounting

Outsourcing is a familiar practice of hiring a third party provider to handle work of a certain company. Big and small companies are turning to accounting outsourcing primarily to avoid too much operational expenses. The services that are usually being outsourced are manufacturing of components, payroll processing, customer service, computer programming services, distribution, IT services, web content writing, transportation of products, benefits and compensation planning, and other human resource functions.

Now, more and more, companies are trying accounting outsourcing and tax compliance services since it is the vital task of the company that needs to be handled by a firm or an individual who has the right skill for the job.

Companies that are opting to accounting outsourcing services are saving large amounts of money from recruitment, hiring and training. Accounting outsourcing and bookkeeping tasks to a third party provider would make it easier to manage the core functions of the business without sacrificing other important aspects of the company that need to be taken care of.

No matter what the size or industry a certain business belongs to, owners should keep in mind that accounting tasks are very important in tracking the cash flow of the business. The expense in availing accounting outsourcing services is actually just a small amount to spend in your company expenditures. Consider the benefits that your company will gain from an outsourcing company for the accounting tasks that are done and completed the right way.

By means of accounting outsourcing, your company can keep track of the amount of the work being done. .You will have an idea on the quantity and the quality of the work being completed. Having a third party business partner for your accounting tasks will make the process easier and simpler. The physical distance between your company and the outsourcing agency will never be an issue in tracking the amount of accounting outsourcing service work done at anytime.

Outsourcing is an agreement that bonds the understanding between the business and the vendor. There is accountability on the part of the vendor in providing quality service in exchange for payment. This service will be provided for all the accounting work that the company requires following a diverse set of rules and principles of the business. Accounting for the company business becomes effortless by way of outsourcing because company owners will have more time to concentrate on the development of the business. Companies will also not worry about whether or not the figures in the books are valid or invalid.

Why companies should consider accounting outsourcing?

  • Easier financial reporting and cash flow analysis.
  • To avoid capital expenses.
  • For a better quality of output.
  • To have more time to concentrate on other business priorities.
  • Quick turnaround of business.
  • As the world becomes a smaller place because of the continuous development of communication and technology, companies are incorporating accounting outsourcing to business strategies.

If you would like to learn more about JW Tax Help and what we can do to help you and your business, you can visit our homepage here for more information.