Contractor’s Accountancy

Our all-inclusive range of services is specifically tailored to cater to the accounting and taxation requirements of contractors, ensuring compliance, maximising tax efficiency, and providing peace of mind.

At Brainwave Accountants, we understand the unique financial needs and challenges faced by contractors. Our all-inclusive range of services is specifically tailored to cater to the accounting and taxation requirements of contractors, ensuring compliance, maximising tax efficiency, and providing peace of mind. Our dedicated team of accountants specialise in contractor accounting and is committed to delivering exceptional service and support.

Our comprehensive contractor accounting services include:

Company Formation

If you’re starting a new contracting business, we assist you in forming your company. We guide you through the process, helping you choose the most suitable legal structure and handling all necessary registration and compliance requirements

Bookkeeping

Our skilled bookkeepers maintain accurate and up-to-date financial records for your contracting business. We handle day-to-day bookkeeping tasks, including recording transactions, reconciling bank statements, and organising receipts, ensuring that your financial data is organised and readily available.

VAT Returns:

If your contracting business is registered for VAT, we handle the preparation and submission of your VAT returns. Our experts ensure timely and accurate reporting of VAT obligations, ensuring compliance with VAT regulations.

Company Tax Returns:

We handle the preparation and submission of your company’s tax returns, ensuring compliance with all applicable tax laws and regulations. We maximise your allowable expenses and deductions to minimise your tax liability.

Personal Tax Returns:

We assist you in preparing and filing your personal tax returns, taking into account any income from your contracting activities as well as other sources of income. Our goal is to help you optimise your personal tax position and minimise your tax obligations.

Tax Computations:

Our experienced accountants perform detailed tax computations to determine your tax liability accurately. We take into account all allowable expenses, reliefs, and allowances to optimise your tax position and ensure compliance with tax regulations

IR35 Review:

We conduct comprehensive IR35 reviews to assess your contractor status and determine if you fall within or outside of IR35 regulations. Our experts provide guidance on how to structure your contracts and engagements to minimise the risk of IR35 investigations and ensure compliance.

Why Choose Our Contractor’s Accountancy

At Brainwave Accountants, we combine our expertise in contractor accounting with a commitment to personalized service. We work closely with you to understand your specific needs and goals, providing proactive advice, regular financial reporting, and ongoing support throughout the year.

Contact us today to learn how our contractor accounting services can benefit your business and take the stress out of managing your financial affairs.

Initial Consultation

Our contractor’s accountancy service begins with an initial consultation to understand your unique situation and requirements. During this consultation, we gather all the necessary information, including your income sources, deductions, allowances, and any other relevant financial details.

Review and Filing

Our contractor’s accountancy team conduct a thorough review to ensure accuracy and completeness. We double-check all calculations, cross-reference the data, and verify that all required supporting documents are included.

1

2

Comprehensive Preparation

Based on the information gathered, our skilled professionals meticulously prepare your account. We ensure that all applicable forms are completed accurately, taking advantage of all eligible deductions, allowances, and reliefs to minimize your liability. Our goal is to help you optimise your company formation while ensuring full compliance with laws and regulations.

At Brainwave Accountants, we combine our expertise in contractor accounting with a commitment to personalized service. We work closely with you to understand your specific needs and goals, providing proactive advice, regular financial reporting, and ongoing support throughout the year.
Contact us today to learn how our contractor accounting services can benefit your business and take the stress out of managing your financial affairs.

Frequently Asked Questions

An accountant can be very helpful in preparing and filing your tax returns accurately and efficiently.

Read More

There are several reasons to choose Brainwave Accountants for your accounting needs

Read More

4.9 Rating | 3,195 Reviews

4.9 Rating | 3,195 Reviews

4.9 Rating | 3,195 Reviews

No Obligation Quotation

We will quote you monthly fees based on your business type and requirements.