The increasing role of consultants contracting their services within the country’s commercial landscape, coupled with more powerful and accessible information technology, have combined to alter the role and importance of specialist accountancy firms like Nyman Linden.

Based on where you want to go with your contracting business, your accountant should be able to tell you how to get there.  If your accountant is merely showing you the financial tracks of where you have been, you may have made a bad choice and are missing out on a great opportunity to receive good business advice.

But a good business accountant – such as a Partner at Nyman Linden - provides much more than just recording transactions and passively generating documents.

At the start of their professional careers, every Nyman Linden Partner completed a training contract with a Training Firm of Chartered Accountants.

• After 3 years’ professional education and having passed several examinations, each Partner was awarded a Practising Certificate and, having completed 10 years as a qualifying member, was elected to become a Fellow of the ICAEW (Institute of Chartered Accountants in England and Wales)

• After many years’ experience and having built up a portfolio of clients, each was invited to become a Partner of Nyman Linden – an established chartered firm.

• To maintain their professional qualification, each Partner commits a set number of hours every year to attend Continuing Professional Development courses to keep up-to-date with constantly changing legislation and best business practice.

• Nyman Linden is regulated and licensed by the ICAEW, which continually monitors us to ensure we are maintaining high technical and ethical standards – an invaluable safeguard for all our clients.  We have to carry substantial, professional indemnity insurance to cover the consequential and legal costs of settling a claim against us – perhaps for incorrect advice.  The insurance premiums are very expensive and become even more so after a claim – successfully contested or not.  Here is an added reason for ensuring our Partners always give correct advice.

• As an additional safeguard for our clients, this firm has a formal procedure for resolution if ever a client made a complaint against us

Choosing the right accountant can mean the difference between success and failure. After all, it’s your financial numbers that make or break your business.

Unfortunately, once you have selected an accountant, it’s a pain to switch.  The incumbent accountant gains detailed knowledge of you, your business and your finances – it makes it very tough to transfer to a new accountant.  The end result is that many businesses working with mediocre accountants do not make the change to a better accountant simply because the perceived switching costs are too high.

Given the inertia that settles in after you have selected an accountant, it is important you make a good choice the first time around.  Although this seems obvious, most business owners do not thoroughly consider their needs when selecting an accountant.  This is often because many of them do not have a strong accounting background and, therefore, view all accountants as being equal.

So, why not make a knowing start by visiting our FAQs.

Because Nyman Linden is regulated, and each Partner is very experienced in the contracting market, you will receive the best advice to help you maximise your net income from operating through your own personal service company.  We will never make extreme service claims and never knowingly endorse tax structures and positions that could expose you to fall foul of the law. 

Your Partner does a lot more than just report on how your business is progressing.  He actively analyses, interprets and converts that data into what we call Actionable Business Intelligence, all for your benefit.

He helps you identify opportunities to improve your enterprise’s bottom line and supports your endeavour to realise it.  Most importantly, he wants to help you plan for a rewarding and financially secure future.  So make a knowing start by visiting our FAQs.

None of our clients need every service we can offer.  We will only provide what you actually want, not what we want you to buy.  Nyman Linden has developed strong network links with the broad business community enabling us to introduce our clients to relevant, non-accountancy services that will satisfy all their current needs and, further down the line, all their future needs.

In addition to our complete accountancy package, Nyman Linden provides a number of specialist services and areas of expertise to small enterprises.

For a free, no-obligation initial meeting with a Nyman Linden Partner to find out if we are the firm of accountants that can best meet the needs of you and your business, contact us today.

The following extract is from a presentation given by Michael Linden – Senior Partner of Nyman Linden – at a presentation to interim managers.

“I understand most of you here take assignments in the financial arena, often at Finance Director level.  As you are always working, you must be very good at your jobs.  But are you as good at running your own finances?  And what has this to do with an event called, ‘Succeed as an Interim’?

“Not only am I here on behalf of Nyman Linden – the preferred accountancy firm for members of this Institute – I am also representing all regulated firms.  Anyone can call themselves an accountant – there is nothing illegal about that – and with some training, prepare a passable set of accounts.   After all, there is nothing too complicated in number crunching.

“What differentiates a regulated firm from the myriad of high profile accountancy service providers crowding the market place is our ability to predict and influence the future of the clients we specialise in.  As it happens, the freelancer market is one of Nyman Linden’s specialties.  Only a regulated firm like us can truly give up-to-date, practical, compliant and bespoke advice to help interims like you plan your financial futures and positively impact on your personal futures.  In other words, we treat you as an individual as well as a business.  So, my advice is only to embrace regulated support.”

None of our clients need every service we can offer.  We will only provide what you actually want, not what we want you to buy.

This is what you can expect from Nyman Linden:

1. A fixed-fee, bespoke, highly personalised service to meet your individual needs and service expectations.
2. Unlimited access to one of the Partners – all Chartered Accountants providing continuity of quality service, professional support and business advice.
3. Your Nyman Linden Partner becomes your prime point of contact and personally oversees all the work we complete for you.  He is always available with tips and ideas for effective tax and financial planning.
4. General business advice to help you bring business opportunities to fruition.
5. Our quick response to new legislation, pushing the barriers of interpretation for your benefit.
6. Support from a friendly, caring, highly experienced and long-serving team of people, headed by your Partner, all readily available to provide you with any information you request regarding the day-to-day running of your limited company.
7. Our secure, innovative, online accounts system, Nyman Linden Online™, incorporating a non-jargon tutorial for first-time users – the IR35 calculator is a very popular feature!
8. Referrals to specialists to review your contract and insure against the costs associated with any investigations from HMRC.
9. Because of the specialised nature of the contracting market, your Partner is available for meetings outside standard office hours.

For a free, no-obligation, initial meeting with a Nyman Linden Partner to find out if we are the firm of accountants that can best meet the needs of you and your business,contact us today.

Our specially designed programme for consultants contracting their services in the UK commences with an initial complimentary meeting with a Nyman Linden Partner allowing him to learn more about your business and its individual requirements as well as understand your financial aspirations.  He can then construct the service that is right for you.  At this first meeting your Partner takes you through the simple mechanics of running a personal service company and will cover subjects such as:

• How your accounts should be managed
• Tax implications
• Company expenses
• IR35 status
• The effect all these have on your overall personal finances

Your Partner provides expert advice on how you should structure your company to best meet your personal circumstances and he assists you to navigate all the regulations and paperwork.

We can find the most suitable bank account for you and, if applicable, arrange VAT registration on your behalf.

To make life easier for you we computerise the key trading details of your company, allowing you to know precisely how much you should pay yourself on a monthly basis after all the necessary deductions.

Using our ‘state-of-the-art’ online accounts system, Nyman Linden Online™, you have easy access to and control of your accounts via the web.  Simply input your regular accounting details safely and securely – and we do the rest.

Nyman Linden compiles your corporate and personal tax returns, prepares your company's annual accounts and ensures all the statutory regulations are met.

At the end of your company's financial year your Partner reviews the performance of your company and projects its future direction. To further your personal financial aspirations a Personal Financial Analysis can be undertaken by NL Financial Services (a Nyman Linden group company) that advises on subjects such as mortgage arrangements, permanent health insurance, critical illness cover, life assurance and pensions.