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 calculate
the corporation tax liability. They are also aware of the corporation tax which is paid
today.

 Every year almost all the accountants prepare the self-assessment statements by
demanding an extra fee. The deadline for filing of the tax returns and the cleared
payment of any tax which you owe is January 31st. All managers of the company need
to complete the SATR.

 It is a cherry on the cake, if your accountant is an IT contractor specialist also, as you can
also, ask them for advisory on the tax legislation.

 If your company is registered for VAT returns, then you need an accountant for
completing the quarterly VAT returns also.

Accotax is one of the renowned websites which helps in finding out the best taxation services
for the individuals. They have the cheap contractor accountants of London with them who are
experts in their field. You can avail of their services by visiting them at https://www.cheap-
accountants-in-london.co.uk/ for thorough information regarding the same. They are very
proudly offering affordable accounting and taxation services in the UK.
Location: 12 London Rd, Morden SM4 5BQ, UK

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