Welcome to Acconomy
Finding the right Accountant can be hard work. You want to be able to talk to someone who knows your industry inside out, someone who is qualified and has a wealth of experience in dealing with contractors and freelancers.

Look no further, Acconomy is a PCG Accredited, specialist and highly experienced firm of Chartered Certified Accountants; we know what's best for your contracting business.
 

Umbrella Myth

Contractors How Much Money Are You Needlessly Giving To The Taxman Every Year..?

Many of my contractor clients have joined me from Umbrella Companies, often after many years of contracting. They are all without exception extremely pleased with the additional take home pay they are able to generate via their own Limited Company.

So Why Did They Take The Umbrella Route In The First Place...

The reason given is “It’s the easy option”. This is a perception that percolates throughout the contracting world but quite honestly I believe it to be an expensive myth.

Let Me Explain...

What could be easier than choosing your own company name? Because in essence that’s all you’re actually doing. As your accountant I register and form the company (Free of Charge) and make all the relevant returns to Companies House. We set up a Bank Account via our on line portal with Alliance & Leicester and provide you with free business internet banking. Any forms that require your signature are sent directly to your preferred postal address.

From an accounting perspective you then send us all your receipts and invoices at the end of each month and we prepare on- going monthly accounts. At your year-end we complete your accounts and prepare your corporation tax return. We advise you of the required payment and incidentally you already know this figure as we will be advising month by month to ensure cash availability.

The Myth Uncovered...

So If you go for the limited company option you send your receipts in at the end of the month. And if you plump for the Umbrella route you send your receipts in at the end of the month

And Here’s The Really Shocking Bit...

If You Look At Our Illustration The Extra Few Signatures And The Odd Additional Form To Complete Is Worth An Extra £12,023per Year – Every Year
 

If this strikes a chord and you would like a totally FREE assessment of your situation please feel free to contact me on the number below

Nigel Simmons FCCA