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Limited company and contractor tax advice

If you are a self-employed freelancer or established as a limited company, business profits are subject to different types of tax. Of course, this makes managing tax increasingly complicated. Due to the complexity of the tax structure, it is generally advised that limited companies source a personal accountant to help ...

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Umbrella company for IT contractors - top tips

The number of umbrella companies in the UK has grown substantially in the last decade.Acting as an employer to contractors, working through an umbrella company offers a hassle-free way for individuals to transition into a contracting career, without the responsibility of all of the accompanying paperwork.Umbrella compa...

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Bookkeeping for Freelancers - How to get paid faster

Within the modern day, it is no surprise that more people opt for working as a freelancer or a sole trader.The promise of better work-life balance, control over workload and increased earning potential are large factors contributing to this shift in employment.However, working as a free agent produces new concerns and ...

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Our Roles Throughout the Life-Cycle of a Limited Company

When launching and running a limited company, specialist accountants for contractors are recommended for support.In fact, very few contractors attempt to manage everything themselves and rely on a specialist accounting firm as an efficient way to maximise their time and ensure financial peace of mind.A specialist accou...

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Should I get an accountant if I am self-employed?

There are an estimated 4.76 million people working as self-employed in the UK (Office for National Statistics, 2018), which clearly shows the desire for people to work for themselves whether it be for the flexibility, passion for a specific role or for the potential increase in earnings. There has been an increasing tr...

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Q&A - Starting out in IT contracting?

Q. Do I need an accountant?A. This obviously depends on your individual situation. You will have an increased responsibility to adequately organise your own financial affairs and complete your self-assessment in order to pay the appropriate taxes. This may be something you are happy to do yourself or you may wish for i...

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