Contractors not making the most of their accountant, according to latest survey
A new survey has revealed that despite trust in accountants increasing significantly over the past two years, many contractors and small businesses, such as Limited companies, are not using them to their full affect.
The latest report from Sage has shown that just under 40% of those who are self-employed have admitted that they are underutilising their accountant.
The recent Pulse survey found that accountants have now replaced banks, the internet, family and friends as the UK’s most trusted advisors, however, there are still a fairly high percentage of contractors and SMEs (small and medium-sized business) who are missing out on using their accountants for important and valuable decision making.
The findings show that an accountant is now the first port of call for 52% of those who are self-employed, which is up from 49% in 2011.
The research, which surveyed over 500 respondents, also found that business owners and contractors who had a stronger working relationship with their accountant were more likely to be optimistic with regards to their future growth.
Paul Tooth, Sage Managing Director, said, “The UK accountancy profession is now ideally positioned to be an integral partner to UK small businesses, but it is surprising that so few are taking advantage of the full extent of services available beyond basic book keeping.
“There is no one better placed to provide advice and guidance on your business and with optimism returning to many parts of the economy it has never been more important to keep your accountant close.”
If you’re interested in becoming a Limited company or contractor, and want to know what the advantages of having a good accountant are, please visit our Benefits of Having an Accountant page for more information.
For just £120 + VAT per month, SJD Accountancy offers an all-inclusive fixed fee accountancy package, which covers:
- Year-end accounts*
- Corporation tax
- Payroll bureau
- Dividend administration
- Dealing with HM Revenue and Customs and Companies House
- Quarterly VAT Calculations
- Support with Annual Returns
- Personal Taxation
- Access to your own dedicated accountant* for all help and advice
- Free bookkeeping software
If you wish to appoint SJD as your accountants, simply complete our online Client Agreement Form or speak to a member of our New Business Team who can complete the client agreement form on your behalf. Call 01442 275789 or email firstname.lastname@example.org.