Find top-rated accountancy services to help keep your finances compliant and stress-free.
Accounting helps manage, track, and report your business finances. A specialist accountant can take care of all kinds of tasks for you—from tax returns and payroll to compliance and financial planning.
Your accountant prepares your year-end accounts and files your Corporation Tax return with HMRC. This is a legal requirement if you run a limited company.
This is your personal tax return. It includes salary, dividends, and any other income. Your accountant submits it to HMRC and tells you how much to pay and when.
If your business earns over £90,000 per year, VAT registration is usually mandatory. Your accountant can register you and submit VAT returns on time, so you stay compliant.
If you pay yourself a salary, you’ll need payroll. Your accountant calculates PAYE, files Real Time Information (RTI) reports, and can issue payslips. They’ll also manage pension contributions if you’re enrolled.
This keeps track of every pound in and out of your business. Your accountant or software links to your bank account, categorises your income and expenses, and checks for accuracy.
Your accountant helps structure your income between salary and dividends to reduce tax. They’ll also advise on how much you can take out of the company safely and efficiently.
Not sure if your contract is inside or outside IR35? Your accountant can review your contract and working practices to give you an IR35 risk rating. But since IR35 is ultimately a legal matter, they may refer you to a specialist if the case is complex.
MTD means you need to submit digital tax records to HMRC. Your accountant will make sure your bookkeeping software is compliant and that your VAT or income tax returns meet the rules.
If HMRC contacts you, your accountant can act on your behalf, whether it’s a query, a late filing penalty, or a full investigation. They’ll handle the admin so you don’t have to.
Hiring an accountant can help you simplify your finances, stay compliant, and save time.
Your questions about accounting, answered.
Yes. A specialist accountant can save you time, help reduce your tax bill, and make sure everything is submitted correctly to HMRC. It’s one of the smartest investments you can make.
Sole traders are quick and simple to set up, but you’re personally responsible for any business debts. A limited company is more complex to run but separates your personal finances and can offer greater tax efficiency. Your accountant will help you choose the best option based on your earnings and goals.
Accounting software is great for managing records, but it can’t offer tax strategy, contract reviews, or expert advice. An accountant makes sure you're compliant, IR35-aware, and making the most of every opportunity to save money.
A salary is paid through PAYE and subject to Income Tax and National Insurance. Dividends are payments from your company’s profits and are taxed differently, usually at a lower rate. Most contractors use a combination of both, which your accountant can manage to maximise your take-home pay.
This can vary depending on the accountant, but typically includes things like your business bank statements, client invoices, and records of expenses. Check directly with the accountant for a full list and guidance on how to share them.
You can usually claim business-related expenses like software, travel, phone bills, and even part of your home office costs if they’re used for work. An accountant can help you stay compliant while maximising deductions.
Most contractors use a mix of salary and dividends. An accountant can help you structure this in the most tax-efficient way, depending on your income, allowances, and business setup.
Yes, if your turnover exceeds £90,000 in a 12-month period. But many contractors register voluntarily to reclaim VAT on business expenses. An accountant can advise based on your situation.
Usually not. Umbrella companies handle your tax and admin. But you might still need support if you have additional income (e.g. property, dividends, investments) or want to plan for long-term savings.
Work with an accountant to handle everything for you, from company accounts to tax returns.
Our trusted partners bring you the best tools and services to simplify your contracting journey.
