Roles and Responsibilities of the Contractor Accountants
Are you planning to hire a contractor accountant to fulfill the accounting and tax needs? If yes, then it is surely a very wise decision for your company’s growth. Almost all the specialist firms take monthly fees to look after the company’s contracts. This is one of the reasons many companies become a bit hesitant towards the hiring of the accountants. Now we will be discussing why it is important to hire the cheap contractor accountants for any company. The accountant deals with the PAYE and all other paperwork. They help the company by providing them with the monthly payslip that lists the net salary after the deduction of PAYE and NICs. With the help of these accountants, the payroll is directly sent to the HM Revenue and Customs (HMRC) through ‘real-time reporting’. This ensures that the details are submitted every time while the payroll runs and not only during the year-end. During the end of the financial year, the cheap contractor accountants also calculat