Contractor Accounts

How our Accountants can help you!

• Contracting Company Specialists

  As specialised contractor accountants, MJ Kane & Co understands that contracting companies have specific accounting needs that require a thorough understanding of the industry. Our team of experienced accountants has the expertise and knowledge to provide tailored accounting services that meet the unique needs of contracting companies.

  We offer a comprehensive range of services that cover all aspects of limited company taxation, including:

  1. Corporation Tax Returns: We ensure that your company submits its tax returns on time and takes advantage of all tax reliefs and allowances available to contracting companies.
  2. VAT Returns: We help you register for VAT, if necessary, and ensure accurate and timely submission of VAT returns.
  3. Payroll and CIS Returns: We assist you in setting up and managing a payroll scheme and ensure accurate and timely submission of CIS returns.
  4. Bookkeeping and Accounting: We help you maintain accurate records of your financial transactions and prepare financial statements that comply with all relevant accounting standards.

  In addition to our compliance services, we offer a range of business services that can help your contracting company grow and thrive. These include:

  1. Business Planning and Forecasting: We collaborate with you to develop a detailed business plan and financial forecast that will provide you with a clear understanding of your company’s financial position and enable you to plan for the future.
  2. Tax Planning: We help you minimise your company’s tax liability and take advantage of all tax reliefs and allowances available to contracting companies.
  3. Growth Strategies: We help you identify new opportunities for growth and develop a strategy to take your company to the next level.

  At MJ Kane & Co Accountants, we understand that every contracting company is different and has unique accounting needs. That’s why we offer specialised accounting services that are tailored to your specific requirements. Our team is always up-to-date with the latest tax laws and regulations affecting contracting companies, ensuring that you receive the best possible advice and guidance.

• Management Accounts

  Regular management accounts can help you make informed business decisions. We can provide you with monthly or quarterly management accounts, including profit and loss statements, balance sheets, and cash flow forecasts. This information can help you identify areas where you can improve your business performance, and make strategic decisions for the future.

• VAT Services

  Value-added tax (VAT) can be complex and time-consuming, but we can make it easy for you. Our VAT services include VAT registration, VAT returns, and VAT advice. We can help you understand your VAT obligations and ensure compliance with all legal requirements, so you can focus on running your business.

• Business Bookkeeping

  Accurate bookkeeping is essential for the success of any business. We can provide you with comprehensive bookkeeping services, including managing your accounts receivable and accounts payable, reconciling bank statements, and maintaining accurate records. Our bookkeeping services can help you manage your cash flow, improve your financial reporting, and free up your time to focus on growing your business.

• Payroll

  Our payroll services include processing your payroll, managing your pension contributions, and ensuring compliance with all legal requirements. We can also provide advice on employment tax issues and help you manage your employment contracts and policies.

• Annual Accounts

  We can prepare your annual accounts and ensure compliance with all legal requirements. We will work closely with you to ensure that your accounts accurately reflect your business performance and financial position, and provide you with recommendations for improvement where necessary.

• Business Advice

  Our business advisory services can help you take your business to the next level. We can provide you with expert advice on a range of business issues, including financial planning, cash flow management, and growth strategies. We can work with you to identify opportunities for improvement, and help you develop a plan to achieve your goals.

• Corporation Tax

  All limited companies are required to pay corporation tax on their profits. We can help you calculate your corporation tax liability, complete and file your corporation tax return, and advise you on tax planning strategies to help you minimise your tax bill. We can also deal with HMRC on your behalf, freeing up your time to focus on running your business.

• Cloud Accounting

  Cloud accounting allows you to access your financial information from anywhere, at any time. We can help you set up and use cloud accounting software, such as Xero to manage your finances more efficiently and effectively. We can also provide training and support to help you get the most out of these tools.

• Business Tax Planning

  Our business tax planning services are designed to help you manage your tax affairs in the most efficient way possible. We can advise you on the most tax-efficient ways to structure your business, manage your tax affairs, and deal with HMRC on your behalf. We can also provide ongoing support and advice to ensure that your business remains tax compliant.

• R&D Tax Credits

  Research and development (R&D) tax credits can provide significant tax savings for UK-based companies undertaking qualifying R&D activities. We can help you determine whether you qualify, prepare your claim, and deal with HMRC on your behalf. We can also provide ongoing support and advice to help you maximise your R&D tax credits.

• Audit and Assurance

  Our audit and assurance services are designed to provide you with confidence in your financial reporting. We can provide statutory audits, internal audits, and assurance reviews to ensure that your financial statements are accurate and comply with all legal and regulatory requirements.

• Business Valuation

  If you are planning to sell your business, you will need to know its true value. We can provide you with a comprehensive business valuation report, including financial analysis and market research. We can also provide ongoing support and advice to help you maximise the value of your business.

• International Tax

  If you do business internationally, you may face complex tax issues. We can help you navigate international tax laws, advise you on tax planning strategies, and assist with compliance requirements. We can also provide ongoing support and advice to help you manage your international tax affairs.

• Business Start-up Services

  Starting a new business can be overwhelming, but we are here to help. Our business start-up services can help you navigate the legal and financial requirements of starting a new business. We can assist you with company formation, registering with HMRC, setting up accounting systems, and more. Our goal is to help you get off to a successful start and set you up for long-term success.

• What is a Contracting Company?

  A contracting company is a business that provides services or products to other businesses or individuals under a contractual agreement. Contracting companies may specialise in a variety of industries, including construction, engineering, technology, and consulting. They typically operate on a project-by-project basis and may employ contractors or subcontractors to complete the work. Contracting companies are often hired to complete specialised or complex projects that require a high level of expertise, equipment, or manpower. They may work with clients on a short-term or long-term basis and may be responsible for all aspects of the project, including planning, design, implementation, and maintenance.

• What is a Contractor Accountant?

  A contractor accountant is a professional accountant who provides accounting services to contractors and freelancers. They specialise in the unique financial needs of self-employed individuals and can help with tax planning, bookkeeping, payroll, and more.

• What’s Included Our Contractor Accountants Services?

  With MJ Kane, we will work alongside you and your business to help with:

  • Maximizing your take-home pay
  • Filing your Accounts and Tax Returns to HMRC
  • Filing your Statutory Year End Accounts
  • Filing your Quarterly V.A.T. calculations
  • Filing your Self-Assessment Tax Returns
  • IR35 Compliance
  • Mortgage applications
  • Monthly Managed Accounts with software of your choice
  • Advise on the most suitable Contractor Business models

• Can a Contractor Accountant Help Me with IR35?

  Yes, contractor accountants can provide expert advice and guidance on IR35 legislation. They can help you understand your status and ensure compliance with all legal requirements.

• Do Contractors Need An Accountant?

  As a contractor or freelancer, you may have unique financial needs that require the expertise of a professional accountant. A contractor accountant can help you save time and money by managing your finances efficiently and ensuring compliance with all legal and regulatory requirements.