IT and engineering contractors
Day-rate contractors working through their own limited company.
Specialist Accounting
Contractor & Freelancer Accounting
Accounting, tax, VAT, payroll and company compliance packages for contractors, consultants and freelancers.
Overview
How we help with Contractor & Freelancer Accounting
Contracting through a limited company is straightforward once it is set up properly. The complications are IR35 status, how you take money out, and keeping on top of dates.
Our contractor package covers the full compliance cycle: annual accounts, Corporation Tax, your Self Assessment, VAT returns, a director payroll and the confirmation statement. You get a view of what you can draw as salary and dividends, and what to set aside for tax, updated as the year progresses.
On IR35, we help you understand how status determinations affect your take-home position for each engagement, and what changes when a contract falls inside the rules.
What's included
Everything covered in this service
Scope is agreed in writing before we start, and the fee is fixed against it. If something falls outside, we tell you what it costs before doing it.
- Year-end accounts and Corporation Tax return
- Director payroll and Self Assessment
- VAT registration, returns and Flat Rate Scheme review
- Salary and dividend planning with tax set-aside guidance
- IR35 status implications and take-home comparison
- Confirmation statement and Companies House filings
Who it's for
Built around how you actually operate
Independent consultants
Professionals billing clients directly on project or retainer terms.
Freelancers and creatives
Designers, writers and developers with multiple concurrent clients.
FAQs
Contractor & Freelancer Accounting: common questions
How does IR35 affect me?
If an engagement is determined to be inside IR35, tax and National Insurance are deducted broadly as if you were employed, which reduces take-home and changes what your company structure achieves. We model the difference per contract.
Is a limited company still worth it?
For most outside-IR35 contracting it remains efficient, but it depends on your rate, how much you draw and your other income. We run the comparison against sole trade and umbrella on your numbers.
Do you review each contract for IR35 status, or just file the accounts?
We look at status alongside the compliance work, not just at year end. If a contract's terms or working practices change, that can move the determination, so it's worth checking status per engagement rather than assuming last year's answer still holds.
How much should I set aside for tax?
We give you a running set-aside figure based on what you've drawn as salary and dividends against your expected Corporation Tax and personal tax bill, updated through the year so there are no surprises at the deadline.
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Let's talk about Contractor & Freelancer Accounting
Tell us your day rate, how you're currently paid, and whether your contracts are inside or outside IR35, and we'll come back with a fixed monthly fee covering the full compliance cycle.
Get in Touch