Contractor Accounts

After dealing with hundreds of contractors and freelancers we have discover that contractors are paying enormous amount of tax and putting themselves in big risk by opting to do accounts on their own or choosing non specialist cheap accountant. Addcountax realises that contractors and freelancers need much more than just an year end accounts.

At Addcountax we act on behalf of contractors operating in a number of different industries, including but not limited to IT & multimedia contractors, engineers, medical locums, driver contractors, financial consultants and media contractors.

We offer advice and guidance on the relevant accounting and tax issues that contractors face – most notably their IR35 applications. We can also ensure that businesses remain fully compliant with the requirements of IR35.

Many contractors, such as I.T Consultants, require a bookkeeping and tax returns service as even they have legal obligations to meet. We can prepare reports for contractors that support their finance applications (as often mortgage lenders and banks don’t correctly analyse how contractors are paid).

Even if you are a contractor operating through a recruitment agency then we’d be happy to help – it may be the case that you’re not taking home as much pay as you should be, so let us do the maths on your behalf.

In certain circumstances we can set contractors up as the director of their own company, and then operate the accounts and taxation requirements in the same way we would for a limited company.

This should ensure that the amount of tax and National Insurance contributions you are paying as a contractor are correct, while allowing you to claim back some VAT and other tax deductible expenses.

Here are the some of the benefits of Addcountax contractor accounts services:

  • Free unlimited IR35 & contract reviews through our in-house specialists.
  • You don’t have to worry over tasks like year-end accounts, corporation tax return, PAYE, VAT – it is all part of our service.
  • Free financial health check to make sure you are making the most of your money – including advice on things like the right tax strategy.
  • Reference provided for mortgages, sponsorship and visa assistance.
  • Director personal tax return.
  • Dedicated account manager & ongoing support and advise.

We offer fixed fee for contractor accounting. Our comprehensive contractor accountancy services starts at £50.00 per month, these includes bookkeeping, payroll, vat return, tax returns etc.

So if you are a contractor looking for some advice or support on your accountancy matters, contact the friendly team here at Addcountax today.