Switching Accountants: A Contractor’s Guide

As a limited company director, your time is precious. That’s why having the best accountant by your side can make a big difference to the way you run your business. When you don’t have the best support, things aren’t always plain sailing.

Thinking about changing accountants? The process doesn’t have to be hard, but there are a few things you’ll need to know before you make the switch. Our guide is here to steer you through the process.

Should I use a specialist contractor accountant?

Life moves fast for limited company directors, and it’s likely that no two days will be the same, so an accountant who understands the unique nature of your business is crucial. A specialist contractor accountant can offer you the industry understanding and expertise which a local or high-street accountant typically can’t.

Our guide to switching accountants lists some ideas of why you should consider enlisting the help of a specialist contractor accountant, such as:

• Flexible working hours
• Industry understanding
• Accounting advice

How to switch accountants

Our guide covers the process of switching accountants, from start to finish. When you make the switch, the process will probably run a little something like this:

1. You Inform your current accountant
2. You register with your new accountant
3. Sign a new 64-8 form for your new accountant
4. Read through your Letter of Engagement
5. Request Professional Clearance
6. We’ll take it from here

If you switch accountants part-way through the financial year, keep in mind that you might need to pay additional balancing fees.

Why Nixon Williams?

Here are just a few reasons you should consider Nixon Williams:

Industry understanding

We’ve been providing advice to contractors and freelancers since 1995. Over the years we’ve learned a thing or two and we’re well-placed to guide you through every step of your contracting voyage

Award-winning service

We believe that getting to know you and your business is paramount to your success. Our clients praise our ‘fantastic service’, our ability ‘to give me practical and timely accounting advice’ and for ‘treating you as an individual’.

Comprehensive tax and accountancy advice

With packages starting from just £95 + VAT per month, our competitive structures were built around the needs of contractors and freelancers.

Outstanding reputation

Our five-star rating on Trustpilot is a testament to the service we provide to our clients and we’re honoured that our clients have rated us one of the Top 5 Rated Accounting Firms.

Get your guide to switching accountants

For more information about the switching process, what to look for in your new accounting partner and how we can help you, download your guide below.