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Switching accountants
There are lots of reasons why you could be unhappy with your current accountant. Whether they’re not providing the right service or they don’t understand the nature of your business, the wrong accounting partner can be detrimental to your career. But the good news is if something’s not right, switching accountants can make a world of difference.
At Caroola, we understand the unique workings of sole traders & SMEs and the level of service they require. All of our dedicated accountants are committed to providing the best level of support possible, giving you the freedom to focus on building your business.
How to switch accountants
Changing your accountant can be a difficult yet important decision for you and your business. Our step by step process should help you navigate the process.
Reason for switching accountant
Understanding why you wish to switch is the first important step. It will make it easier to understand what you need from your new accountant.
Research
Based on the reasons you want to switch accountants, you can now do you research to find a company that are better suited to your individual requirements.
Notice & Information Transfer
Once you've chosen a new accountant, inform your current accountant of the decision in writing. Request any necessary documents or information and provide clear instructions for the transfer of financial records.
Onboard
Provide your new accountant with all the required financial documents and information. Familiarise them with your business and establish clear communication channels. Regularly communicate to address any questions or concerns during the onboarding process.
Expert accounting done right. With over five thousand 5* reviews on Trustpilot, we’re confident that we have what you’re after.
We believe in making contractor and business accounting simple. With three comprehensive packages on offer, you can be sure our accountancy services are tailored to suit your needs. Whether you’re a small business owner, a contractor or a consultant, our expert team provide high-quality accountancy services across all fields. We take care of the numbers so you can focus on taking care of your business.
Accountancy Lite
£89
+VAT/mo
Simple limited company contractor accounting services. Great for businesses that are not VAT-registered or turning over less than £90k/year.
What's included?
- Company formation. We take care of the details for a smooth start-up, minimising your administration
- A UK-based accountant. Unlimited expert advice by phone, email or video call
- FreeAgent. Bookkeeping software Saving you over £340/year
- Year-end filing. Get financial clarity through accurate and timely filing of Corporation tax and Confirmation Statements
- Initial tax review. To get your business operating tax-efficiently
Accountancy
£135
+VAT/mo
Business accounting service package with all that is needed to run a limited company. Ideal if your business is VAT-registered or turning over over £90k/year.
What's included?
Everything in Lite, PLUS:
- VAT management. To better navigate your businesses obligations
- All HMRC submissions. Self-Assessment tax return, P11D, Corporation Tax and Confirmation Statement
- Annual tax reviews. To ensure your business operates tax-efficiently
Accountancy+
£179
+VAT/mo
Accounts handled, PLUS the ability to work on contracts inside IR35, 2nd director services, and exclusive benefits. This package has it all.
What's included?
Everything in Accountancy, PLUS:
- 2nd director services. Second Self-Assessment and payroll processing worth £350/year
- Inside IR35 roles. Use of Parasol umbrella worth £1,547/year
- Quarterly tax reviews. Maximising your businesses tax efficiency
- Caroola Rewards. Exclusive savings of up to £1,800/year
- Wellbeing. 24/7 access to physical, emotional and financial support
- Reference fees. Worth £195 for mortgages, visas or renting references.
- Privacy. Use our registered office address to keep your home address private. Worth £240/year
- Peace of mind. An IR35 contract review from the renowned experts at Qdos worth £125
Our other services
Sole trader
Not ready to go limited? Our sole trader accountancy packages can help you manage your finances.
Self assessment
With over 30 years of experience, we've helped thousands of people stay on the right side of HMRC.
Umbrella payroll
Are you a temporary worker, looking for a payroll solution? Parasol's expert umbrella solution can help.
Company formation
Through our company formation service, we can form your company in a day for a one-off fee of £20.
Tax rebate
Caroola Group provides tax rebate services to CIS contractors through its sister company, baa.
Let's talk
Interested in finding out more? Speak with our team to see how we can work together.
Here's how you can get in touch...
If you're a client, you can speak to your dedicated accountant on: 03330 342 480
