Accounting for Contractors

There are many benefits to contracting and contractors choose this path due to the following common reasons:

• Paying less tax – contractors can reduce their tax liabilities (if they take the correct, legal professional advice.)
• Receiving more money – Usually contractors are paid more than employees.
• You are your own boss – Contractors can choose to work when and wherever they choose to. They choose when to take holidays etc.
• Experience – By moving from contract to contract, they gain experience in working at different companies giving them an enhanced CV.

Depending on your circumstances and how much your daily rate is, our advisers can give you advice on which business structure you should use. For example is trading through a limited company the best option for you and how much tax will you save?

We can provide the following for contractors looking to maximise their take home pay:

• Unlimited help & support from a one point of contact accountant
• Business set up advice
• Limited company incorporation
• Annual accounts (completion & submission to relevant bodies)
• Complete & submit VAT returns
• Registration of all required taxes e.g VAT, PAYE, self assessment if applicable
• Completion and submission of 1 self assessment tax return
• Authorised to deal with HMRC on your behalf
• Help with tax investigations
• Submission of confirmation statement
• Completion & submission of company tax return
• Completion & submission of monthly PAYE returns
• Payroll for 1 director
• Use of our registered office address
• Regular dividend calculations
• IR35 Advice & Reviews

Take a look at our All Inclusive page.

Speak to one of our advisers on: 0800 112 3667 or email: info@accrida.com for more information.