Are you a contractor with a limited company (or looking to start contracting) and trying to decide which contractor accountants you should choose? The fact that contractors, consultants and freelancers can command much higher daily rates of pay may also be an influencing factor, but surely this is only to be expected, bearing in mind the lack of holiday and sick pay, and the other additional benefits which are lost when moving from employment to contract work. Worried about the new IR35 rules? We can break it all down in plain English.
We offer all clients:
As contractor accountants, we offer all of the essential services you need as well as a full hands-off service including bookkeeping. Tax is complicated which is why we offer everyone face to face meetings . No call centres, no outsourcing, no press one for this or two for that. Telephone, email or meet with me face to face.
Fees starting from c£55+vat for an accounts only service. The services we offer include:
- Year-end accounts*
- Corporation tax
- Payroll bureau
- Dividend administration
- Dealing with HM Revenue and Customs and Companies House
- Quarterly VAT Calculations
- Support with Annual Returns
- Personal Taxation
- Free bookkeeping software
Contractors and contractor accountants in Cheltenham. We can look after clients from all around the country as we offer an online service using the latest technology such as cloud bookkeeping systems etc.
Some popular online accountants include Crunch, Mazumamoney, More Than Accountants, the accountancy, the smart accountants and boox. We offer the same online benefits but our service is complimented with dedicated onsite premises where you are more than welcome to stop by for a coffee!
We can offer a personal face to face service or a complete online tax and accounting service. We value building long-term relationships with our clients wherever you are based. Cheltenham Tax Accountants was built on being extremely approachable and we strive to ensure this comes through in all of our communication channels.
Chartered Certified Accountants (ACCA)
We are a member of the ACCA which stands for the Association of Chartered Certified Accountants. It is one of the few ‘Chartered’ accounting and tax bodies within the UK. This gives our clients peace of mind that they are dealing with professionals at the level you deserve. The fact is that you do not need to be a qualified accountant in the UK to call yourself an accountant. This is alarming to many businesses and indeed qualified accountants themselves. This is why we wear the ACCA badge with pride, giving you the confidence you deserve.
Q -How much does a contractor accountant charge?
The actual price depends on a number of factors. However, to give you a headline summary of the costs you would expect to pay between £60 to £200+vat per month for the contractor accounting package. At the lower end of the scale, you would generally just be paying for the year-end accounts for your limited company which typically costs around £60+vat per month for this element of the service. For a full service including payroll, bookkeeping, personal tax return and dealing with Companies House it would typically be around £150-200+vat per month.
Q – Do you provide online bookkeeping, accounting or invoicing software?
We can offer a fixed fee package that includes Xero bookkeeping software. This enables you to raise your own invoices, automatically chase debtors and keep your own bookkeeping up to date.
Q – What bookkeeping is required for a limited company contractor?
It is a common point made by new limited company contractors that there is hardly any bookkeeping to do as the business it just them, IE a one-man band. This is true, yet a limited company requires a certain degree of formal processes. One of which is regular bookkeeping. Although there may not be a high volume of transactions there is the need to maintain the ‘books’ on a regular basis.
Q – Do I need to register for VAT?
This is a great question that new contractors ask us. Ask contractor accountants we have a great amount of experience and always offer advice that is tailored to your exact needs. With that being said there are some facts when it comes to VAT. You do not legally have to register for VAT unless your vatable sales hits the VAT threshold within any 12-month rolling period. You do have the option to register for VAT voluntarily. This can be of benefit to some contractors enabling them to claim back VAT on any vatable expenses.
Q – Do I need to learn about the new IR35 rules?
Despite the recent changes to how IR35 is going to be regulated in the UK, the actual rule itself has not changed. We can offer some general guidance on how IR35 will affect you in your circumstances.
If you would like to arrange a free meeting with a contractor accountant then call us on 01242528412 or book a meeting from the free meeting page
Contact us now to see how we can help