MJH Accountancy specialises providing accounting services to self-employed and limited company contractors and freelance workers. Regardless if you are a contractor working in financial services, IT or marketing we can look after all of your accounting needs. Our team has lots of experience dealing with contractor issues so can answer any questions you might have. We offer great value with prices starting from £100 per month. Here are some common contractor questions:
Should a Contractor Use a Limited Company?
We can advise about the most tax efficient way to set yourself up for contracting. This can include the use of umbrella companies, remaining self-employed or setting up a limited company. The best way to structure your business will be dependent on your situation.
How does IR35 impact Contractors?
IR35 is government legislation aimed at stopping contract and freelance workers from paying reduced tax by providing their services through a limited company. The key here for contractors is to agree on terms and conditions with the client in advance of starting your engagement that place you outside of IR35. Click here for our guide on IR35.
How much tax will I pay as a Contractor?
This will obviously depend on your rate, how much you to work and the level of business expenses you incur. Get in touch and one of our accountants will be able to take your details and run them through our financial model to give you an idea of your take-home pay. Alternatively, you can try this online contractor calculator.
Contractor Accounting Services we provide:
We aim to take away the administrative burden of providing contracting services and make sure it is s lucrative as possible for you from a tax perspective. Detailed services we provide for contractors and freelance workers include:
- Setting up a Limited Company
- Preparation of Annual Accounts
- Submission of Accounts with Companies House
- Dividend and Corporation Tax Calculations
- VAT Calculations and Returns
- Payroll Services
- Personal Tax Returns