Individually Tailored Solutions

[services page introduction section]

You want an accountant that helps you succeed as a contractor in your chosen sector. One that helps you determine the best way for you to work, as a sole trader or by starting a limited company.

Everything is included in our simple to understand fixed monthly fee structure. Our unparalleled customer service where you can ask us anything - the meter’s not running, the award-winning FreeAgent software on a desktop or mobile app to streamline your business administration, and advice to help you turn your contracting into a fully-fledged business. There are many areas we can help you with:

  • Contractor options review
  • Company formation
  • Contract review
  • FreeAgent subscription and training
  • VAT and PAYE Setup
  • Monthly payroll (RTI)
  • Quarterly accounts & VAT return
  • Ongoing Support & Advice
  • Dividend advice
  • Dividend documentation
  • Annual accounts – compiled and filed at Companies House
  • Annual Corporation Tax return – computations and return filed with HMRC
  • Annual company return, payroll P35 & P60 submissions
  • Annual P11D submissions
  • Tax Investigation Insurance
  • Personal Tax Returns
Business Growth Development

If you’ve been in contracting for some time, discovered you love it and wouldn’t imagine going back to full-time employment, you may ask the question, “what now?”

You have the technical expertise to carry on earning a good living for the rest of your career. Unfortunately, you still have a job. You are still trading time for money. When you get to retirement age, your business will have no intrinsic value.

What if there was something more? What if there was a way to grow and build an asset that could be sold on when the time was right?

Having a business is less a legal format and more a state of mind. It’s something that runs itself; that lets you take a break and will still carry on. It’s something you can use to provide value both to your customers and to yourself. In your new role:

  • You’ll provide a “solution” approach to your customers rather than setting time
  • Productise your offer and sell it
  • Find others with complementary skills so that you can provide packages
  • Develop marketing expertise and sell to other technicians with similar skill sets

We’ve been helping contractors make this change for ten years and have seen many blossom into fully-fledged business owners with viable enterprises that can be passed on in the future at a profit.

TALK TO US ABOUT HELP WITH GROWING YOUR BUSINESS
Company Formation

Starting a new business can be confusing at the best of times. All you want to do is get on with the job in hand. A mountain of paperwork, or its online equal, is the last thing you need.
As a new client, we’ll help you with free company formation. That'll enable you to move forward with confidence. You'll know that you’ve done everything right setting your business up in a way that's best for you. We will assist you with

  • Appointing Company Directors
  • Structuring your share allocations
  • How to make payments using PAYE and Dividends
  • Registering for VAT and PAYE
  • What you need to do with your Registered Office
FIND OUT MORE ABOUT COMPANY FORMATION
Tax Advice

Have you ever searched “contractor tax” online? You’ll see an impressive array of ads and sites offering all kinds of schemes and solutions. Many seem too good to be true. You know what they say about things like that? Yes, it's likely they are.

The UK’s tax regime is complex and confusing. There are so many ways to do business. Umbrella company or limited? Sole trader? IR35? Other tax strategies? The wrong decision based on shaky advice could cost you dear. waste your time and put you on the wrong side of the law. Stay within the law, keep more of your money and make the best decision for YOUR business.

We're ACCA or ACA-qualified accountants with ISPE accreditation. We’ve got decades of experience helping contractors and self-employed professionals just like you.

We've worked with people in countless sectors keep within the law. And keep more of their hard-earned money.

We're here to guide you through all the options to make sure you make the right decision for your business.

FIND OUT MORE ABOUT OUR TAX ADVICE
Umbrella Companies

Whether you’re a seasoned contractor or new to the idea, you may be confused as to whether you should use a limited company or an umbrella company to manage your affairs.

There are a number of advantages to using an umbrella company. You won’t need to manage payroll and accounts as you effectively become an “employee” of the company.

You’ll get things like Statutory Sick Pay and Maternity and Paternity Pay. It’s ideal if you’re just contracting between full-time jobs and if you earn less than £25,000 a year.

It is, however, the most expensive option and you can expect to pay and extra 25% in additional taxes. In return for your easy to administer salary, you will pay more in tax and National Insurance. You may as well be on a payroll. You are also dependent on the company to collect your money from your client and then pay you.

Setting up a Limited Company is the most tax efficient way of working. You’ll be able to claim more expenses, you’ll be eligible for Flat Rate VAT. You’ll keep control of your finances and won’t have the risk of using a third party.

There are strict rules governing contractors setting up limited companies. You must be a genuine, one-person limited company and not a 'scheme' dreamed up to help you pay less tax.

FIND OUT MORE ABOUT UMBRELLA OPTIONS