Whether you’re a contractor or freelancer, setting up your own limited company is often by far the most tax efficient way to work. It means you’ll be a director and shareholder of your business.
As the experts in accountancy, we’re focused on helping you navigate the world of contracting, freelancing or interim working. If you’re a seasoned pro, our sensibly priced services will free up more of your time. More importantly, we’ll make all your admin smooth, hassle-free and 100% compliant at all times. If you’re new to being your own boss, we’ll help you set up your own company as quick and straightforward as humanly possible.
Here’s a rundown of what’s included in our Accountancy package for contractors and freelancers.
Notification to the Registrar of Companies of
Notification to the Registrar of Companies of the first accounting date
Application to be VAT registered
Application to HMRC to operate a PAYE scheme
Preparation of the yearly PAYE reports (P60s, P11ds, P35 and P14 etc)
Submit Real Time PAYE Information to HMRC
Preparation of monthly PAYE/NI liabilities to be paid
Preparation and submission of invoices to clients on behalf of the company
Complete your company bank reconciliation (you need to send us your bank statements)
Preparation of UK corporation tax computations and returns
Preparation of annual accounts ready for submission to Companies House and HMRC
Preparation and online submission of quarterly VAT returns
Prepare new share(s) and transfer of share(s) documentation
Amendments to statutory books (change of officers, registered office, share split etc)
Preparation and filing of the company Annual Return
Expenses processed for tax relief
Calculation of how much you can transfer to your personal account (with every payment frequency, weekly, monthly etc ensuring you always know your cash position