How Soon To Engage An Accountant? How Soon To Engage An Accountant?
Posts 1 to 4 of 4
  1. #1

    Nervous Newbie


    Join Date
    Mar 2019
    Posts
    1

    Default How Soon To Engage An Accountant?

    I'm currently permie, going contract next month. I've set up a company, purchased the necessary insurance and got a business bank accountant. I don't want to handle the accountants day-to-day, so I need to get an accountant. Probably an online-only FreeAgent accountant like Gorilla or Dolan.

    I'll be billing monthly, so no invoice submitted until the end of April, payable in May. How soon is it worth engaging an accountant? It feels like I'd be throwing away the best part of £100 by engaging one now compared to doing the same this time next month. If I do that, will I look back and regret it?

  2. #2

    More time posting than coding


    Join Date
    Mar 2016
    Posts
    301

    Default

    Ask them to do it for free. I imagine they probably will if you say "I might go with XYZ as they do it for free."

  3. #3

    Fingers like lightning


    Join Date
    Nov 2010
    Location
    Poole
    Posts
    704

    Default

    I'd say it would be fair to start engaging one next month when you start contracting. Like you say, it seems a bit of a waste to engage one now and pay for a month's fee when you're not using the company. April would be reasonable.

    I'd suggest perhaps look for an accountant now, get the terms of engagement set up and agree when the service will start. That way it's all done and you can relax.

  4. #4

    Should post faster

    Louisa@AardvarkAccounting's Avatar
    Join Date
    Jan 2017
    Location
    Dorset/Hampshire
    Posts
    130

    Default

    When you have the initial chat, if you say that you're not contracting yet, most accountants can go through the sign up process; help with any remaining items such as registering for VAT and PAYE schemes, then defer the monthly fee until you are trading.

    So, I'd suggest towards the end of month beforehand is usually a good time so the schemes can be done in the meantime
    We're all ears!

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •