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Contractor

Are you considering the transition from PAYE to a Personal Service Company?

  • Is a limited company right for me? What are the options? If so, how do I go about acquiring one?
  • How do I pay myself? What happens if I am sick & unable to work, who will pay me?
  • Will contracting affect my pension arrangements?
  • Does IR35 affect me?
  • Will the new arrangement affect my mortgage?
  • What are the most tax effective expenses?
We advise you on these key questions & others, signposting the best direction to suit your business

Are you already running a Personal Service Company?

Maybe you would like advice on day to day concerns like these ...

  • Can you ring up your accountant any time & get specialist advice - for no additional fee?
  • Are your accounts up to date?
  • Are you aware of and keeping to the various filing deadlines?
  • Are you still filling-in your own VAT returns & forgetting to file on-time?
  • Are you paying the correct amount of tax?
  • Are you getting value for money from your existing accountant?

What Will We Do for You?

Some of the formalities that we routinely manage ...

Year End Accounts Preparation, including
  • Financial statements
  • Statutory accounts
  • Annual returns
  • AGM Agenda & Board Meeting minutes, if required
  • Submission of Statutory Accounts & Annual Returns to Companies House
  • Preparation of Corporation Tax and Capital Allowances computations, submission to HM Revenue & Customs together with the financial statements

Payroll Care

We manage salary payments and all related formalities and provide advice on salaries including PAYE and NIC calculations, if required. We also complete P11, P11d, P14, P35, Class 1a NIC, P45, P46 forms

Expenses

We'll provide you with an expense claim form for you to claim reimbursement of expenses paid by yourself on behalf of your Company and advise you what expenses to claim

BookKeeping

We recommend and supply a standard spreadsheet which provides an easy way of recording your day to day transactions whilst complying with all VAT regulations.

Alternatively, why not let us provide a full bookkeeping service which includes data entry and preparation of VAT returns?

Dividends

Dividend tax vouchers, as and when required

VAT

Help you register for VAT & prepare VAT returns. Completion of VAT returns and mailing to HM Revenue & Customs on the company's behalf

Advice on the maintenance of your books and records to satisfy HM Revenue & Customs requirements

Other Statutory Matters

  • Changing Accounting Reference date
  • Issue & transfer of shares
  • Preparation and forwarding of Annual Returns
  • Routine changes of Registered Office and Directors

Personal Tax Returns

Let us take over the burden of completing your self-assessment form & provide continuing personal tax care

Helpline

As a monthly subscriber you are entitled to on-going financial & Company advice

Summary of the Services

The following list details our overall services, available in convenient, simply priced, Principle and Supplementary Service packages. They have been designed to meet contractors' needs. There are fixed pre-agreed price options and we welcome the opportunity to discuss with you the appropriate service relevant to your business

Principle Services

  • Abbreviated Statutory Accounts filed at Companies House
  • Advice on salaries and NIC contributions
  • Annual Corporation Tax Return Submitted to HM Revenue & Customs
  • Annual Financial Statements
  • Bookkeeping including VAT accounting
  • Calculation of PAYE P14, P35, P60
  • Completion of P11d forms & calculation of Class 1A NIC
  • Directors' Personal Tax Returns
  • Dividends - Prepare tax vouchers & resolutions
  • Preparation of draft Board & AGM Minutes for accounts approval
  • Support advice related to IR35 including calculation of salary, if required
  • VAT Return submission based on your records

Supplementary Services

  • Completion of the Company's Annual Return
  • Maintenance and safekeeping of Statutory Books
  • Our Optional Secretarial and Registrar Service
  • Routine changes of Directors, Secretary
  • Display of your Company nameplate at our offices
  • Use of our Offices as your Registered Office
Considering either changing from PAYE to a Personal Service Company or looking for a pro-active accountant? Please contact Judith Harrison or Robert Masters F.C.A. for a free no-obligation review on what makes sense for your business plans
t: 01442 8-9-10-11  f: 01442 891918 or e: info@acctaxsolutions.co.uk