From our experience Contractors require advise on record keeping, Remuneration planning, IR35, VAT. payroll and personal taxation and we can provide all of this in a fixed price package. Assistance can also be given with record keeping and we use a number of cloud based solutions with clients. All regular communication can be done electronically to save time but should you require a face to face meeting this can be arranged at a time to suit you.
For Startups…If you are new to contacting we can guide you through what you need to do, including when you need to register with H M Revenue & Customs for VAT purposes. The Flat Rate Scheme is used by most of our Contractor Clients and can save time and money compared to using the normal basis of VAT accounting. Our fixed price package includes all the advice you need relating to VAT and corporate taxation. We can also complete your Personal Tax Return for you at a competitive fixed cost.
Limited Company Formation….Our start-up service for contractors includes a comprehensive fixed price company formation package including next day incorporation, minutes, certificates and Companies House filing. We also offer a free registered office service for all limited company contractors. This is useful if you are working away from home and ensures that all correspondence from Companies House is dealt with promptly. Should you need a meeting room we can also provide this, without cost.
Beware of RTI….The new Real Time Information system H M Revenue & Custom have implemented has placed an additional burden of responsibility on company directors and we shoulder this for you as part of our fixed price package. It is important that all deadlines are met as otherwise automatic fines and penalties will be levied.
Worried about IR35 or other tax issues?…. IR35 is not a problem as long as you set up the contract properly in the first place and work in accordance with it. As IPSE accredited accountants we can help you with this. Whether you need to source a contract or negotiate new terms for an existing contract we can assist. Other tax issues which concern contractors include the settlement provisions, the 24 month rule for travelling expenses and the Managed Service Company rules. These are often misunderstood and we monitor the effect of them on contractor clients as the rules change to ensure they are not caught by them. .
Using technology….We use the latest cloud solutions so you spend as little time as possible record keeping and are familiar with on-line accounting systems such as Xero and Kashflow. Mobile technology can also be used to capture information and we embrace the use of portals to communicate effectively with contractor clients.
In the first instance contact Robert Bradley on 01299 879140.