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.

Accountancy services for UK contractors

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.

Our monthly charges for accountancy services for contractors are:
To cover our time £80.00
FreeAgent licence fee £15.00
Sub-total £95.00
VAT £19.00
Total £114.00
Our monthly charge for contractor accounting services is £80.00. This is the annual total to cover all the work for you and your company, dividend by 12 to arrive at the monthly amount.
Accounting services for contractors

Tips

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.

Accountancy services for UK contractors
Accounting services for contractors

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.

Frequently Asked Questions

Accounting services is the process of recording financial transactions that pertain to a business. The accounting process includes summarising, analysing and eventually reporting all of the transactions to the UK tax and reporting authorities. If you are a contractor, a good starting point is to choose good contractor accountants as they will have the specialist knowledge that you are unlikely to find in an accountant on the high street.
Contractor accounting means looking after a contractor in terms of their accounting and tax needs.

A dedicated contractor accountant will take the time to understand how a contractor’s business is run. In addition, they will also look at how the company is set up and find the best way for the company to operate in a legally tax-efficient way. They can also advise the business on future tax planning depending on your circumstances. An accountant that offers the best contractor accounting services would cover all of the above areas of consideration.