Frequently Asked Questions:

1) So who is/are kontracta.com?

 

kontracta.com is a trading name of MPC Financial Consulting Ltd, who began life in 2004 offering accounts, book keeping and general business functions for businesses in the Leicester area. It has now expanded to South West London in addition to the East Midlands. 

 

MPC Financial Consulting Ltd is a member firm of the Institute of Chartered Accountants in England and Wales and is a member of the ICAEW Practice Assurance Scheme.

 

kontracta.com, whilst maintaining a physical presence in London, is not geographically bound to one area thanks to the internet and the telephone. We therefore welcome enquiries from all over!

 

For more on the owner please click here.

 

2) So why use kontracta.com?

 

We believe that we offer an alternative for the following reasons:-

 

• All of your work is undertaken by a qualified Chartered Accountant rather than a piece of software or someone who is yet to possess a qualification..

• Our rates are more than comparable with that of a traditional accounting firm and our contractor accountant competitors ... yet we offer a service as you would expect from a chartered accountancy firm.

• We've been there! MPC Financial Consulting Ltd started life as one person trading his wares as a consultant. Quite a bit was learned during that initial phase which means that not only do we have empathy with your situation but we can also guide you through the good and bad times.

• We can travel to your premises to discuss accounts and collect books rather than require you to come to an office.

• We offer a flat monthly fee so you know exactly what you're paying for. No time based calculations as with traditional accountancy firms.

• All of our advice is provided as part of the monthly fee so you don't have to worry about the clock ticking when you talk to us.

• There are no contractual tie-in periods with us- we only enter into long term contracts at your request. You are free to come and go as you please.

• For professionals heading to the UK from overseas we offer advice and services from the time you enter the UK to the time you leave. The owner has done similar (but in the opposite direction!) so not only has he experience in relocations but he also has a sympathetic understanding too!

 

3) Qualified in what?

 

All of our team are qualified Chartered Accountants and members of the Institute of Chartered Accountants in England & Wales (‘ICAEW’) with experience across a broad range of businesses in the UK and overseas. Indeed one of our team has 50 years accountancy experience!  The ICAEW chartered accountancy qualification  is one of the most recognised and premier business qualifications in the world.

 

The company behind kontracta.com (MPC Financial Consulting Ltd) is a member of the ICAEW Practice Assurance Scheme.

 

4) Why do you mention 'qualified' so often?!

 

Unlike the term 'Solicitor' or 'Architect', the word 'Accountant' is not legally protected in the UK (despite extensive lobbying by the UK Accountancy Bodies). So therefore unlike someone who fights a case for you or designs a house, anyone can call themselves an accountant and do your books. Potentially there could be problems!

 

However not everyone can call themselves a Chartered Accountant. They must pass stringent exams and a comprehensive accountancy education in the form of 3 years of on the job training before being admitted to the Institute of Chartered Accountants in England and Wales.

 

The ICAEW is a body of 130,000 accountancy professionals worldwide and is consistently held as being a premier institution with a premier qualification. Members are bound by strict Institute Guidelines and are legally responsible for upholding such standards in the courts system. Member firms must have adequate professional indemnity insurance should there ever be problems.

 

These additional responsibilities set down on its members give all clients a comfort of an enhanced service. We are proud to be Chartered Accountants and part of the ICAEW for this very reason!

 

For more information please visit www.icaew.com.

 

5) What are your rates then?

 

£67.50 per month ....... and, yep, it's tax deductible so you're saving at least £13 tax per month when you pay your bill.

 

For an extra fee we can help you with business plans and budgets. We will also help you to incorporate your company - again for a small additional fee.

 

6) Where do you work?

 

We are based in London and Leicester. However we do not consider ourselves geographically tied to these areas and are able to provide assistance across the UK.

 

7) What type of businesses do you serve?

 

kontracta.com is designed for contractors who have formed (or want to form) limited companies in the UK.

 

8) So what experience do you have?

 

As mentioned above, we use only qualified Chartered Accountants and each team member has up to 50 years experience in their field.

 

9) Are there any other business services that you offer?

 

Our sister divisions offer resources for short and medium term business assignments, payroll solutions and fraud & forensic accounting via MPC Financial Consulting Ltd. Another sister division, Colledge & Co, offer traditional accountancy services for sole traders, partnerships and limited companies. Please click here to take you to the MPC Financial Consulting Ltd and here to go to Colledge & Co.

 

10) So who do I contact?

 

Please feel free to call us on 0845 676 9778, e-mail on info@kontracta.com or get us to call you by filling in the form in the Contact Us section. We look forward to hearing from you..

 

 

 

 

 

 

 

 

 

 

 

 

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