Accountants for Oil & Gas Contractors

Expert Accounting for Oil & Gas Contractors from Gorilla Accounting

The oil and gas industry is one of the most financially rewarding sectors to work in and as a contractor you have the added freedom of being your own boss, meaning you can choose which projects you work on.

There’s a lot of opportunity in this sector with many multinational corporations and demand for oil and gas contractors is high, so you’ll never be short of work. However, the nature of working in this sector can mean spending extended periods offshore and can often involve lengthy shift patterns, as well as plenty of long-distance travel. This means you have less time available to manage your business, including staying on top of financial management and your tax affairs.

As an oil and gas contractor you might work onshore here in the UK, or offshore on the world’s myriad of oil and gas rigs, or a combination of the two. Looking after your business accounts in this often-hectic working environment can be tricky at the best of times.

You may be thinking ‘Do I need an accountant as a contractor?’. Being a contractor boasts a whole series of advantages. You can take on the projects you want to work on, when you want to work on them. You can be your own boss and work as often as you like, working around your family or your home life. But, one thing that some contractors struggle with is managing their finances as a contractor.

At Gorilla Accounting, we work with oil and gas contractors from across the energy sector by offering a wealth of accountancy services to help take away the pressure that comes with financially managing your business. If you’ve never managed your own finances before and have always relied on payroll to sort your tax and National Insurance contributions, or you’ve been a contractor for a while and you’re looking for someone to look after the financial side of business for you, an accountant might be just what you need.

When appointing an accountant for oil and gas contractors through Gorilla, you’ll have peace of mind that all your business and personal accounting needs, as well as your tax affairs, are being expertly managed by your own dedicated accountant no matter where your work takes you. As accountants for oil and gas contractors, we know how your working

man wearing red hard hat working with gas pipes

What is the role of an accountant for an oil and gas contractor?

From the North Sea to North Africa, life as an oil and gas contractor can take you from one end of the globe to the other. Our experienced team of accountants have helped a diverse range of sector specific contractors to keep on top of their business finances.

Earning an income from different contracts throughout the financial year can be difficult to keep track of when it comes to submitting a self-assessment to HMRC and paying any tax owed. Our team of contractor accountants work with a huge array of contractors, and have experience in working with oil & gas contractors just like yourself.

Step 1

Sign up with Gorilla Accounting

Step 2

Enjoy all our services for £110 a month!

But what is a contractor accountant?

Our team will look after your finances and help you improve the efficiency of your business accounts. Our accounting packages are tailored with you in mind, ensuring everything you might need is covered. Our packages include:

  • FreeAgent MTD-compliant bookkeeping and accounting software free to all Gorilla clients
  • Quarterly review of your bookkeeping data
  • Tax planning advice to help maximise tax efficiency
  • Preparation & Submission of Financial Statements
  • Preparation & Submission of Corporation Tax Return
  • Preparation & Submission of quarterly VAT Returns
  • Preparation & Submission of Payroll (for up to 2 employees)
  • Preparation & Submission of P11d
  • Preparation of one Self-Assessment Tax Return
  • Standard employment status references
  • Assistance with HMRC records checks
  • Reminder services for all deadlines and payments
  • Preparation of Companies House Confirmation Statements
  • Assistance with share issues or transfers and changes of particulars
  • Dividend and board minute documentation
  • Ongoing tax payment reminders
gorilla accounting app
civil engineer helmet and laptop

What services do we offer Oil & Gas Contractors?

As a busy oil & gas contractor, you probably work away for periods of time and work long, unsociable hours within your contracts. When you don’t have a standard 9-5 office-based role, any accounting can be difficult. You don’t spend a lot of time in front of a computer or checking your emails, so you need to know that in appointing an accountant, you can get hold of them as and when you need them without any issues and trust them in their recommendations and advice.

At Gorilla Accounting we offer a host of services within our accountancy packages. Our packages are one monthly fixed fee so there are never any nasty surprises, making the management of your accounts even easier. Within your package, what exactly do we offer?

Direct access to your accountant

After you have appointed Gorilla as your new accountancy firm, you will be assigned your own dedicated accountant who will get to know you and your set up. You will be given their direct contact details, so you won’t be kept on hold or waiting for an email to be forwarded to the relevant person.

They will offer you unlimited support, which is often needed especially at the start of your journey if you’re just setting up as a contractor, or you’ve never worked with an accountant previously. You will also be given unlimited, unrestricted access to professional advice throughout the year from your accountant and the whole firm.

We work however you find it best for you and your circumstances, whether that be purely through email and on the phone, or via face-to-face meetings and video conference calls if you’d prefer. Whether you’re looking for an online accountant or prefer to get together in person, we’re here for you when you need us.

How to Find An Accountant that's Right for You

Our Client Service Guarantee

Many oil & gas contractors, and contractors from other industries, often come to us with one key issue that they’re having with the accountant they were previously signed up with – they were tired of waiting for a response from them.

As a contractor, your free time to do bookkeeping and paperwork is minimal, so you need to be able to get in touch with relevant third parties quickly and easily, especially your accountant. That is why we created our Client Service Guarantee.

If you’re a Gorilla Accounting client and you contact us before 3pm on any working day, you are guaranteed a response on the very same day or we’ll issue you with a £50 payment.

Occasionally, it might not be possible to give you a full answer if your query is slightly more complex, but we guarantee we’ll never leave your message unread or ignored. We’ll get back to you either way and give you as much support as we possibly can until we get you a full and concise answer.

Exceptional Service Every Time

We are so proud of the level of service our team gives to our client’s day in, day out. We work tirelessly to ensure you’re happy with the service you receive from us. Our Trustpilot and Feefo reviews reflect this too.

We’ve recently been awarded the Feefo Platinum Trusted Service Award for our fantastic reviews on the platform, and we’re the most trusted accountancy firm on Trustpilot with a score of 4.9/5.

You can take a look at our reviews to read first hand recommendations from our existing clients about their experience of the fantastic service we offer.

FreeAgent

FreeAgent Accounting Software for Contractors

At Gorilla Accounting, we only partner with the best in the business, and we’re proud Platinum Partners of FreeAgent. FreeAgent is the market-leading accounting software, trusted by over 100,000 small businesses and contractors. When you appoint Gorilla, you get full access to the software included in your monthly fee.

Both you and your accountant have access to your books, so you don’t have to send information backwards and forwards to each other, saving you both time and energy, as well as making sure you’re not having to send sensitive information over email.

The software is cloud-based, meaning no matter where you are in the world as an oil & gas contractor, you can access your account information on the go. It is fully MTD-compliant, meaning all of your accounts are ready to share with relevant parties even before it becomes a law.

Using FreeAgent can improve your efficiency to allow you more time to focus on your day-to-day job. Previously, time-consuming admin tasks can take up so much of your free time, either on an evening or between contracts. FreeAgent has automated bank feeds that allow you to upload bank transactions daily, categorising them as you go. It also makes any VAT returns easier as these are generated for you based on the information entered in the system. This can then be electronically submitted to HMRC when self-assessment season rolls around.

Overall, using FreeAgent saves both you and your accountant time, meaning your dedicated accountant can spend more time giving you tailored advice and a service that allows you to increase your take home income.

Contractor Accounting That You Can Trust

As an oil & gas engineer, contracting has become an increasingly more popular way of working within the industry. If you’re looking for an honest and reliable accounting firm that you can trust, our team is exactly what you’re looking for. We have a huge amount of experience in offering the very best oil and gas accounting services to our clients including engineers, drilling specialists, electrical and safety technicians, rig engineers and many more areas of specialism.

We won’t confuse you with any technical jargon – everything we do with you and your accounts will give you full visibility and control. Our all-inclusive fee ensures that you always feel in control and the process becomes much easier for you to manage your finances.

industrial engineer looking at tablet

For just £110 per month plus VAT, you'll also benefit from:

  • Business incorporation with Companies House
  • Business bank account creation
  • VAT returns
  • Corporation tax returns
  • Payroll (where needed for up to two employees)
  • Dividend documentation
  • Tax planning advice
  • Reminder services for payments and deadlines
  • Quarterly review of bookkeeping data

If you’re looking for an accountant specialising in oil & gas contracting, now is the perfect time to join Gorilla Accounting.

Get in Touch

Simply get in touch with a member of the team today via our Contact Us page and we'll help to talk you through a range of hassle-free options for your business.

Whether you’re switching from an existing accountant or are setting sail on your first business adventure, appointing Gorilla Accounting as your oil & gas accountant has never been easier. 

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