ONLINE ACCOUNTANCY SERVICES FOR CONTRACTORS

You’re an expert in your field.
You’ve developed your skills so that you offer real value.

The truth is that the business of contracting is different and not everyone gets it.

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Startups

Small Businesses

Technology

Sole Traders

Self employed

Limited Companies

Partnership

Freelancers

Contractors

Ecommerce

We’re experts in working with contractors, carrying out bookkeeping, running payroll , advising on tax-efficiency and submitting returns.

So why not pass the job over to us?

IR35 changes the game

Every limited company in the UK has to produce a set of annual accounts and lodge these at Companies House and with HMRC. These are produced to a set standard and are called the ‘statutory accounts’ of the company. Now here’s the thing, although they are ‘standard’ the standard is different depending upon the type of company that produces them

HELP! I need you to take this problem away

IR35 changes the game

With the extension of IR35, the landscape is about to change again and so you need to partner with a company that can help you efficiently work your way through the regulations.
IR35 will radically alter the way that many contractors and the companies that they supply have to assess tax status.
We have already seen the effect that this has had with our public sector contractor clients and as the regulations are extended into the private sector we’ll see the marketplace alter radically.
Companies will be required to assess your status as inside or outside IR35 and that will change the tax-efficiency of your working arrangements. It is also fair to say that many companies don’t understand IR35 at all and so you may even get a determination that is substantially wrong. And we expect that many of our contractor clients may find that they move in and out of IR35 and PAYE type contracts depending upon the situation. Because we are contractor specialists we can cope with all of these situations in the most cost-effective way and give you the peace of mind you are looking for.

Get things right from the start

The place to start is to get your bookkeeping up to date.
We offer a cost-effective bookkeeping service that is designed to take the chore away from our contractor clients.This provides you with the foundation for your annual accounts for submission to Companies House which again we are happy to produce and submit on your behalf.

l also produce your corporation tax calculations, making full use of any reliefs and allowances to make sure you pay only the tax that is due.

If you pay yourself using a mixture of dividends and PAYE we can advise on the best level of payments for you, run your payroll and submit your RTI returns and produce dividend vouchers.

In short, we provide a complete end-to-end contractor service.

Don’t chance it - use the best

We’ve seen many bold claims by umbrella companies and others who offer an unlikely level of tax savings that simply aren’t sustainable.

he problem is that even if you take advice from one of these companies and submit your tax returns in good faith, you will still be liable to interest and penalties if it turns out that the scheme is against the rules.

The simple message is that if something looks too good to be true then it probably is.

With our contractor service, you won’t need to worry.
Our qualified tax professionals will make sure that all of your arrangements are completely allowable and that you will be protected against investigations.

If you’d like to find out more about our contractor service and how it can help you reduce your tax bill then just book a call now.

NO NASTY HIDDEN FEES OR EXTRAS!

No hidden fees, no time-based billing, no extra charges for picking up the telephone, just one of our qualified professionals in your corner, part of your team, vested in your success.

Accounting for Contractors

Included in the Contractors Accounting Package

Accounts Preparation

Self Assessment Filing

A dedicated accountant

1-1 tax advice & your tax return filed

Integrated HMRC submissions

Tax Optimisation

Full access to our professional accounting software

Preparation and submission of the VAT return (if required)

Manage the company payroll (if applicable)

Unlimited Support , Online. By phone. In person

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From Just

£99.50

Per / month

Did you know that there are over 2 million freelancers in the UK at the last count?

Contractors FAQ’S

What Is a Contractor?

A contractor is a self-employed individual or business hired by clients to complete specific projects or tasks within a defined timeframe.

How Do Contractors Differ from Employees?

Contractors work independently, set their own schedules, and are responsible for their taxes and benefits, whereas employees work for a company, follow set schedules, and receive benefits.

What Are the Advantages of Hiring Contractors?

Hiring contractors can be cost-effective, as clients don't need to provide benefits or office space. Contractors often have specialized skills for specific projects.

What Legal and Tax Obligations Do Contractors Have?

Contractors must handle their own taxes, including income tax and self-employment tax. They should also be aware of legal contracts, insurance, and compliance with local regulations.

Can Contractors Form Their Own Businesses?

Yes, many contractors choose to establish their own businesses, such as limited companies or sole proprietorships, to provide their services.

How Do Clients Pay Contractors?

Clients typically pay contractors upon project completion or according to the terms outlined in their contract. Payment methods can include invoices, checks, bank transfers, or online platforms.

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Why go accountax for your Accountancy services

Dedicated 2 person Team

They will be your point of contact if you require any help along the way.

Tax Optimisation

Regular tax efficiency reviews to reduce your tax bill

Regular reminders

We send regular reminders prior to submission. We'd hate for you to be late!

Save Time

We want to give you back your time. No need to waste hours going through receipts and statements.

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

Our Services?

Accounts

Need help with your year-end accounts? we’ll ensure you save time, submitting your year-end accounts to HMRC and Companies House on your behalf.

Payroll

A complete managed payroll service for employers and directors

Self Assessment

Self Assessment doesn’t need to be painful.

VAT Returns

Calculating and reporting VAT is a complex, time-consuming process.

Bookkeeping

Bookkeeping is tedious for any business owner, and falling behind is easy to do.

Management Accounts

Bookkeeping is tedious for any business owner, and falling behind is easy to do.

accountax 360

Looking for information on our other accountancy services?

IR35 Consultations

Capital Gains & Allowence

Investigation Consultancy

Which Services do I need?

There are five core compliance requirements you need to be aware of:

Accounting - covers your annual filings

Bookkeeping - record keeping and classifying transactions into their correct accounting categories

VAT - you need to know when to register and file returns once registered

Payroll and pensions - you have to report to HMRC if you pay someone an employee a salary

Self Assessment - you personally may have to file an annual return, most commonly if you receive income that is not taxed at source, e.g. rental income or dividends

Three easy steps to Switch to accoutax family

Changing accountants isn’t something that you do regularly so we’ll walk you through the process and make sure that you are completely comfortable with your new firm.

This includes completing things like a letter to your old accountant and a form allowing us to act on your behalf with HMRC. (don’t worry, we’ll guide you through)

Let’s talk

We need to know about your business and what you are hoping to achieve from your accounting

Get going

We’ll integrate with any systems you already have and refine our processes so that you get the service you deserve