Accountants for freelancers and contractors

Our Essential contractor package is £70 per month. That covers the annual accounts, corporation tax return, VAT, Companies House filing, payroll for one and your personal tax return, all in one fixed fee with no year-end extra.

A limited company usually leaves you better off where your engagements fall outside the off-payroll working rules, because you control the mix of salary and dividends. An umbrella is simpler and can make more sense for short assignments or where engagements are consistently inside the rules. We will compare both on your actual contract rate.

The off-payroll working rules decide whether an engagement should be taxed like employment. For public sector clients and medium or large private sector clients, the client makes that determination and the fee payer operates PAYE where an engagement is inside. Where the client is a small private company, the responsibility sits with your company. The determination changes your take-home materially, so we review each contract with you.

Costs incurred wholly and exclusively for the business, which typically includes business travel and subsistence, professional subscriptions, equipment and software, business insurance, accountancy fees, and a proportion of home working costs. Travel to a client site can be restricted where it counts as an ordinary commute, and the rules differ where an engagement is inside the off-payroll rules.

It depends on how much VAT you incur on purchases. Many contractors fall within the limited cost business rules, which apply a higher flat rate and remove most of the benefit. We work out both positions on your actual figures before recommending one.

Yes. We handle the professional clearance with your current accountant, take over the filing calendar and, as an introductory offer, bring your accounting and tax affairs up to date free of charge.