Selecting your accountant when you’re a contractor or freelancer should be about more than just getting your tax return done.
You need someone who can help you maximise your income, remain compliant, and understand your finances all year round.
While most accountants work with a diverse range of businesses, contractors have very specific needs. We’re specialist contractors accountants who understand IR35, dividend planning, the various VAT schemes available, how much you should take home, and much more. Our service can make the difference between you taking home thousands extra every year.
Why do contractors need a specialist accountant?
Running your own contracting business can be fraught with tax pitfalls. With the right accountant on your side you can:
* Structure your salary vs dividends efficiently
* Plan for IR35 and changing IR35 status
* Manage Corporation Tax and personal tax liabilities
* Avoid any nasty surprises come tax season
* Maximise allowable expenses and pension contributions
* Remain compliant with HMRC and Companies House
Our whole team at Bright Ideas Accountancy work solely with contractors, freelancers and service-based business owners. This means we understand the challenges you face and our advice is specific to you and your business.
What to look for in the best contractors accountants:
Searching for the best accountants for contractors or freelancers? Look for these key services:
1. Specialist contractor & freelancer accounting knowledge
2. Expert tax planning throughout the year
3. Year-round visibility over your finances
4. Access to your own named accountant
5. Cloud accounting software
Contractor Accountants for FreeAgent Users
As specialist FreeAgent accountants, we provide all of our clients with a real-time view of estimated tax liabilities, year-to-date profit position, available dividends, VAT liabilities and upcoming payroll duties.
Accounts for Contractors — The Complete Guide
Not sure what you should be looking for from your contractors accounts? A good contractor accountant will deal with:
* Your company accounts and Corporation Tax
* Your Self-Assessment tax return
* Your VAT returns
* Payroll
* Tax planning and year round advice
Looking for the best accountant near me?
Whether you’ve searched for accountants for contractors, accountants for freelancers, best contractor accountants, best accountants near me or best tax advisors near me, chances are you want clarity over your tax position, confidence your business is compliant and proactive advice to help you make smart decisions about your money. Bright Ideas Accountancy can help.
