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Accounting Recommendations

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    #21
    Originally posted by Baddish View Post

    I will be based in Owsestry region of uk
    Based on your replies...
    Are you currently domiciled in the UK?
    Do you have a legal right to work in the UK currently?
    Is your contract inside or outside IR35?

    Depending on your answers, some things you can expense for business purposes, but not everything, and not if it is mainly for personal use. e.g. taking a mobile phone out on a business contract, and then using it mostly to call your Aunt Gertrude in Australia - that wouldn't be a good idea.
    Also, as others have pointed out, if you are looking for a company to manage your company, not just do the tax reporting, then you'd be better working through an umbrella, rather than setting up a Ltd, as they will "manage" the business side for you.
    …Maybe we ain’t that young anymore

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      #22
      Originally posted by Baddish View Post

      I need solution that will give me ready access to answers to my queries regarding many things as I'm unfamiliar with hiw things are workingg in uk tax system. Example, can I charge a car and will I be able to buy a new handy on expenses
      No accountant is going to spoon feed you. They will be available to answer questions but you need to step up and get a fair understanding of your own finances. You have a legal duty as a director to be able to understand and manage your finances. Your accountant only provides a service, the responsibility still stays with you.

      The basics aren't complex and there are plenty of resources out there to research. You cannot wash your hands of the accountancy side and expect an accountant to do it all for you. That would fall foul of MSC rules as we have seen very recently. Your job is being a contractor and a LTD director now so it's for you to learn and manage.

      Call round a couple on the list you've already been given and see who you feel most comfortable with and go with them. Every contractor with a LTD (virtually) has done this and it's not hard.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

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        #23
        Originally posted by northernladuk View Post

        Xero is bigger and does more stuff so over the top for basic LTD's. Does the job with aplomb I'm told but FA is the simpler cut down version and is all that is needed. It's also the standard for contractor accountants so much easier to port to another specialist. Not much else in it though. Both do the job.
        Ah, ok. Makes sense then as he is not an exclusive Contractor Accountant which, as Covid collided thrillingly with the IR35 changes, was probably a good thing for him as he shifted ever so slightly towards including other types of business to his accounting portfolio.

        Anyway, to the OP's point, he, Hewitt's, is quick to answer and if the OP has never used FA or Xero, either of the two would be a learning curve. Good luck Baddish, with whomever you choose.
        Last edited by simes; 16 May 2022, 12:47.

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          #24
          Originally posted by WTFH View Post

          Based on your replies...
          Are you currently domiciled in the UK?
          Do you have a legal right to work in the UK currently?
          Is your contract inside or outside IR35?

          Depending on your answers, some things you can expense for business purposes, but not everything, and not if it is mainly for personal use. e.g. taking a mobile phone out on a business contract, and then using it mostly to call your Aunt Gertrude in Australia - that wouldn't be a good idea.
          Also, as others have pointed out, if you are looking for a company to manage your company, not just do the tax reporting, then you'd be better working through an umbrella, rather than setting up a Ltd, as they will "manage" the business side for you.
          But if I have handy contract in name of LLC then all calls are covered no?
          Last edited by Baddish; 6 May 2022, 17:39.

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            #25
            Originally posted by Baddish View Post

            But if I have handy contract in name of LLC then all calls are covered no?
            Not if you don't have the legal right to work in the UK...
            merely at clientco for the entertainment

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              #26
              Originally posted by eek View Post

              Not if you don't have the legal right to work in the UK...
              But I have legal status - I work for a 3rd party supplier

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