Making Sure That Your London Contractor Accountants Are Compliant

Working as a freelancer or contractor in a place like London is not as easy as it looks because of the demands that can come with this line of work. They are usually strapped for time so having to do other tedious tasks such as working on their own tax filings is something that most contractors simply cannot afford to do. Contractors who work for limited companies often hire contracting accountants to help them with their tax filings. One mistake that they make when doing this is they tend to assume that the accountants that they have hired are all completely compliant and will do their jobs in accordance with the law.
 
How can you tell whether or not the London contractor accountants that you have just hired are compliant? This can be a bit hard to tell at first, but fortunately there are a few things that you can do to get around this. First, you will want to see if your accountant is someone who is regulated. It is easy for anyone to keep books, file accounts and even complete their own tax returns, and even perform some tasks on behalf of a limited company. However, going with an accountant that is a member of one of the four major regular bodies of the UK can give you a sense of security knowing that you have someone that you can trust who will work on your tax filings and returns.


Accountants won’t be able to become members of these regular bodies easily because before they can be accepted into any of them, they must first display a certain degree of competence in the way that they carry out their tasks. Getting accredited by any of the UK’s four major contractor bodies is already a good indication that the accountant has already displayed a good level of compliance since these organizations are pretty strict when it comes to regularly auditing their affiliates and members. If you are going to be spending some money on some London contractor accountants then you will want to make sure that they are experts in their field.