Consider how you might picture a typical accountancy office in your mind. Perhaps that slightly musty book smell, a gentle hush as the rustle of fountain pens inscribes with precision into leather-bound ledgers. Perhaps slightly too Dickensian to ring completely true but there is still a trace of what you might expect.
Nowadays, however, if you are a contractor, it makes much better sense to have an accountant based “in the clouds”. In other words, online and always available wherever you are. No need to make time-consuming in-person appointments. Instead you have a professional helper sitting on your shoulder the moment you need them.
The benefits for a new starter of using the Caprica Online Contractor Accountant Service
If you are just starting out in the contracting business, and join Caprica, they can even help by incorporating your limited company for you completely free-of-charge. They will also help with registering with HMRC, including for VAT, avoiding the late registration penalties that some unwary new starters have suffered further on down the line. For a small extra fee, Caprica can even provide you with your registered office address.
Even if you are already established, it still makes good sense
Becoming a client of the helpful and professional online team at Caprica takes away all the hassle and complexity which can be involved when invoicing your work through a limited company. They are also experts on the important subject of intermediaries legislation, known as IR35 and can offer the professional advice you’ll need about the structuring of your contracts.
Your online accountants are also the people to provide you with practical and wise help about subjects such as the benefits and drawbacks of the VAT Flat Rate Scheme, while also completing your returns for you. As well as making sure all your accounts and tax returns are both timely and accurate. If you visit the Caprica website – www.capricaonline.co.uk – you’ll find a wealth of valuable free information including a terrific Contractors Expenses Guide.
Where Xero means everything
Caprica made a conscious decision, unlike other online accountancy firms, not to pretend to be web developers and try and create their own software. Instead, they wisely opted for the proven and tested package available from the team at Xero. The system simplifies that time-consuming bookkeeping chore. Another option is to have Caprica handle the whole process for you, if you’d prefer simply to concentrate on the work you do best. If you choose to use the Xero package, both you and your accountant can log in from any web browser; an instantly-available and constant source.
Like doctors and dentists, it’s probably fair to say that accountants are one of those services you would rather not have to deal with – yet run to when things go wrong. It’s time to turn that impression on its head. The friendly and responsive team at Caprica aim to help you avoid those daily hassles, problems and worries, and use only that technology that simplifies and speeds their processes. As their founder Tim Whitehouse says: “We use modern technology to help us deliver the old-fashioned service values that people in business are entitled to expect”.