Introduction
First of all, the creator of this resourceful website is a Contractor Accountant specialist who offers contractor accounting services.
Here you can see my LinkedIn profile.
What’s more, where I work, we provide some of the best contractor accountancy services and look after clients in all sorts of industries, across the whole of the United Kingdom.
Online Accounting
Making Tax Digital (MTD) is now on the scene. Therefore, any of our clients that are VAT registered need to maintain their company’s records on a digital system.
With the new MTD rules in place, there is a growing number of digital systems out there.
However, the more established ones are FreeAgent, Sage, Xero, and Quickbooks. When you are looking for a firm of Contractor Accountants they should be familiar with how these online services work.
FreeAgent is suitable for small business, and this includes contractors and works well for all of our clients.
Xero is suitable for more significant concerns.
Are you looking for the best contractor accountancy services?
If you are looking for a contractor accountant or small business accountant and are thinking of changing your accountant, the best time to do this would be at the start of a new financial year. We have written a couple of articles on this that are on this site.
Alternatively, if you are looking to appoint an accountant to provide contractor accounting services for the first time, we would be happy to help. There are lots of Contractor Accountants in the UK and we offer a great and competitive service.
Tips
If you are starting up for the first time or are thinking of changing accountants, one key thing to do is set up your own Business Tax account with HM Revenue & Customs. This makes the process of appointing us as agents for your company taxes (Corporation Tax, VAT and PAYE/NIC) much quicker (days, not weeks). You can use this link and once registered, you can add each tax service (where relevant) to your account. Please use this link to register as a limited company or other organisation (please scroll down and it is the third bullet point on the list): https://www.gov.uk/log-in-register-hmrc-online-services/register
If you open a business bank account with Natwest, RBS or Mettle, the bank will cover your FreeAgent licence fee and therefore the above monthly charges would be £80.00 + VAT £16.00 = £96.00.
Please read our guide to UK contracting (this can apply to UK small business too): https://www.contractoradviceuk.net/a-guide-to-contracting-in-the-uk/
Please read our guide to running your own company: https://www.contractoradviceuk.net/running-my-own-limited-company/
Please read our latest guide on tax tips: https://www.contractoradviceuk.net/tax-tips-for-uk-contractors/
Included within our accountancy services fees
Our accountancy services work covers all the annual cycle of reporting to the authorities. This includes:
We will check your VAT return figures before we go ahead and file these and advise you on what to pay.
We will prepare monthly payroll and the associated RTI (Real Time Information) filings with HMRC. Your payslips would appear on FreeAgent automatically once these are processed. We will advise you quarterly on what to pay to HMRC for PAYE/NIC.
The annual company accounts preparation. This work includes Corporation Tax calculations and a Corporation Tax return and the online filing of these with Companies House and HMRC.
Any administration type work. This work includes preparing minutes, making changes with Companies House, forwarding mail, etc.
We will prepare and file yours and your partner’s personal tax returns.
We look at tax planning for you and your company.
As part of the contractor accounting services, we will answer any questions as and when these arise. If the query is a complicated one and involves detailed research, an additional fee may apply for our time.
Final Thoughts
If you are looking for Contractor Accountants in the UK and are interested in signing up as a client or would like to know more, free feel free to send me a message on the contact form at the bottom of the home page.
