If you work as a contractor in the IT sector, finding the perfect contractor accountant is easy. Gorilla Accounting is a technology-driven, forward-thinking accountancy firm. We’re experts in accounting for IT contractors whether they operate through a limited company or as a sole trader. We provide unlimited support and advice and keep everything simple, straight-forward and jargon-free.
Working as an IT contractor can be a hugely rewarding profession, particularly given the flexible nature of the work which can allow you to achieve a great work/life balance. But we understand that starting and building your business from scratch as an IT contractor and overseeing its financial management can be a daunting and time-consuming experience.
There are many factors to consider including handling tax returns, managing your accounts, being aware of how much VAT per month you have to pay as well as compliance with making tax digital. The last thing you need is to spend time on accounts and admin when it could be better spent growing your business.
This is where Gorilla Accounting comes in. We can relieve some of the pressure and manage the financial side of your business on your behalf, taking away the associated stress and freeing up more of your time to focus on core business activities.
As specialist accountants for IT Contractors, our experience within the IT sector means that we fully understand the financial intricacies and nuances of this industry. From efficient tax planning and online expense management to company incorporation and payroll, we can help your business keep on top of its accounts through one-on-one expert advice and regular proactive account management.
Unlimited Advice and Support for IT Contractors
We’re there for you every step of the way, whether you’re just getting started as a contractor or you’ve been contracting in the IT sector for years. This means that from the first steps of registering your company name to providing ongoing advice and support around the running of your company, structuring of your income to maximise take home pay and making the most of claiming allowable business-related expenses, we can help.
Our fixed-fee all-inclusive accountancy package for IT Contractors covers a huge range of services including:
- 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
Additional Charges:
- Company Formation service (£50 + VAT)
- Registered Office address service (£10 + VAT per month)
- Self-Assessment Tax Return for additional Shareholders/Directors (£125 + VAT) for a basic return. Additional pages come at an additional cost.
Effectively Manage your Finances with FreeAgent
As an IT Contractor, you’ll understand the benefits of working with quality software. Unlimited access to FreeAgent accounting software is provided free to all Gorilla Accounting clients, included in your great value monthly fee. FreeAgent is widely recognised as the industry standard and has won multiple awards over many years.
It’s specifically designed for contractors and small business owners, whether operating through a limited company or as a sole trader, and is trusted by over 100,000 small business owners like you.
FreeAgent is cloud-based so you can access your accounts at any time on any device with an internet connection to get a comprehensive overview of the financial position and health of your business in real-time.
FreeAgent’s clever inbuilt functionality and automation simplifies previously laborious and repetitive accounting and admin tasks, such as calculating and preparing your tax returns and submitting them to HMRC.
It makes admin effortless which frees up more of your time to focus on your day to day and growing your business with minimal distraction from admin and accounting tasks.
- VAT returns are generated automatically and electronically submitted to HMRC
- Automated bank feeds upload transactions from your bank account daily so you can easily reconcile and categorise your bank transactions
- Time tracking functionality enables you to log time spent on projects and tasks helping you to accurately and easily bill your clients
- Self-assessment tax returns can be prepared and submitted to HMRC based on the income received from your limited company and any income received from other sources
- Upload receipts and manage your expenses on the go to keep on top of the bookkeeping throughout the year
- Create and send professional, personalised invoices and payment reminders and set them to be automatically chased. Unpaid invoices can be tracked to eradicate missed payments
- Easy payment gateway integration makes it simple for your clients to pay you quickly and securely online
FreeAgent enables you to see the bigger financial picture. It offers a customisable dashboard that brings together key financial information including cash flow, a profit & loss snapshot, recent expenses, bills & invoices and a tax timeline. You get the key information you need to keep your business finances in order at a glance and in real-time.
With FreeAgent accounting software you can easily dig deeper into your business’s accounts with a host of reports including balance sheet, profit and loss, aged debtors and creditors reports, trial balance and dividend reports.
Your own dedicated accountant at Gorilla Accounting will quickly and efficiently onboard you with FreeAgent and have you up and running in no time and benefiting from all of its great features.
Your accountant has access to your accounts in FreeAgent meaning that you don’t need to send any information to them which saves a significant amount of time for you both. This means your accountant can spend more time providing tailored advice and support and a more personal service, including helping you leverage any available tax efficiencies to increase your take home pay and grow your business.
As accountants for IT contractors, we know that cybersecurity is crucial in today’s digital world. While being able to run your business from anywhere offers you freedom, you also want the peace of mind of knowing that your personal and business information are secure at all times.
FreeAgent is Cyber Essentials Plus certified and all data passing between FreeAgent and your devices is securely encrypted over HTTPS using TLS v1.2. All information stored on your behalf is protected with 256-bit AES encryption as standard so you don’t need to worry about your data falling into the wrong hands.
Expert Accountants for IT Contractors
As part of the Gorilla contractor accountant service, you will benefit from your own dedicated, experienced IT Contractor accountant. They will work with you to understand your business and ensure that all financial aspects are effectively and efficiently managed whether you operate through a limited company or as a sole trader.
You’ll have a direct dial telephone number and email address for your accountant from the outset. They will always be on hand to answer any questions you may have to ensure the needs of your business are met. You can also talk to them face to face or by videocall if it’s more convenient for you. We aim to make your life easier, so you are free to get in touch in the way that best suits you.
If you’ve struggled with slow response times with another accountant, that will never be the case with Gorilla. Our Client Service Guarantee means that if you contact us with a query before 3pm on any working day, we guarantee a same-day response or we’ll issue you with a £50 payment.
With Gorilla, you never have to worry about clocking up the minutes dealing with a pay-as-you-go accountant. Our all-inclusive monthly fee of just £110 + VAT per month for limited companies and £50 + VAT per month for sole traders gives our clients full access to all of our services and unlimited support and advice, leaving you to focus on what matters the most: growing your business.
We will help you when it comes to your VAT returns, prepare your self-assessment tax return, assist with HMRC records checks, and so much more – all of this and more is included in our fixed-fee service. Annual subscribers can enjoy a 10% discount through our yearly package, which can help you to keep costs down.
Enquire for IT Contractor Accounting
From tax planning to corporation tax, our accountants for IT contractors have put our considerable decades of experience and knowledge to great use by helping contractors and freelancers thrive, and our focus on excellent customer services has led us to become the number one ranked accountancy firm on TrustPilot.
A member of our friendly team will be in touch to answer all of your queries and discuss your needs and requirements for an IT contractor accountant. If you are just starting out, why not try our take home pay after tax calculator too.