Contractors

Working as a contractor can prove to be a great opportunity for you, however, it comes with a lot of financial and administrative responsibility.

Whether you are running a large contracting firm with multiple sub-contractors or are contracting by yourself, self-employed workers must prepare and submit accounts and financial assessments to HMRC.

Don’t let this put you off – whilst there may be a bewildering number of rules and regulations to navigate, we can handle this on your behalf. We have a dedicated team of expert contractor accountants, providing innovative financial support and business advice to contractors and freelancers.

We deal with all the paperwork and ensure you’re compliant with existing tax regulations, such as IR35.

Let us handle the accounts to allow you to focus on what you do best.

Services Provided:

  • Company formation
  • Tax registration
  • Year-end accounts
  • Corporation tax
  • Payroll bureau
  • Dividend administration
  • Dealing with HM Revenue and Customs and Companies House
  • Quarterly V.A.T Calculations
  • Support with Annual Returns
  • Personal Taxation
  • Access to your own dedicated accountant for all help and advice
  • MJKane Online portal
  • Registered office address
  • Free mortgage review
  • Free IR35 review

Why Does a Contractor need an Accountant?

Some contractors will find very little difficulty in handling their finances and remain happy to take care of everything themselves. That’s fine. Others, however, rely on an accountant to take care of all the confusing stuff and keep their business profitable. Alongside the tax expertise offered by a qualified accountancy firm, a specialist will be aware of specific rules and regulations which affect the contracting industry, particularly IR35. This legislation on its own is a minefield, and if your contract work is caught, your take-home pay will be vastly diminished.

There are several other pieces of legislation which may affect you, including the MSC legislation, Agency Workers Regulations, and Section 660. Without a solid knowledge of these rules, as well as the ability to keep on top of your day-to-day accounting duties, you may well struggle to keep on top of your accounts.

How Much does a Contractor Accountant Cost?

The Average fee for having an accountant can range from £30-£180 per month. The costs vary based on the requirements needed by your company.

M J Kane provide extremely competitive prices on all our fees.

If you would like to learn more about our prices, contact a member of our team today.

Get In Touch

Join MJ Kane today and be a part of one of the industry’s leading contractor service providers. Complete this easy to use online application form, which takes around 5 minutes to complete, after which a member of our team will be in touch shortly.

Let us handle the accounts to allow you to focus on what you do best.