Contractors accounting, handled.

It turns on whether you'd be an employee if you worked for the client directly, judged on control, personal service (can you send a substitute?), and mutuality of obligation. For medium and large clients the client decides and must give you a Status Determination Statement; for small clients and many overseas engagements the responsibility stays with you and your company. We review the written contract and how you actually work, because HMRC looks at both.

Often not, since 2017. If your VAT-inclusive spend on goods is under 2% of turnover, or under £1,000 a year, you're a limited cost trader and must use the 16.5% rate, which leaves almost no FRS gain. Most consultants and IT contractors are labour-only and fall into this. We run the comparison on your real figures rather than assuming the old sector percentage still helps.

Typically a modest director's salary that still counts toward your state pension, topped up with dividends. Dividends above the £500 allowance are taxed at 10.75% in the basic band, 35.75% in the higher band and 39.35% above that, and they must come from genuine retained profit after Corporation Tax. We model your specific income each year so you don't overpay or vote an illegal dividend.

When your VAT-taxable turnover exceeds £90,000 in any rolling 12 months, or you expect to in the next 30 days. Some contractors register voluntarily below that to reclaim input VAT or look established to clients. We watch your rolling total so you register on time and avoid late-registration penalties.

Travel to a temporary workplace is allowable, but a site becomes permanent once you expect to spend more than 40% of your time there for over 24 months, after which the relief stops. You can claim 55p a mile for the first 10,000 business miles and 25p after, plus a reasonable home-office cost and overnight subsistence when staying away. We keep the records HMRC expects to see.

19% on profits up to £50,000, the 25% main rate above £250,000, and an effective rate between the two via marginal relief in between. Those thresholds shrink if you have associated companies, which catches contractors with more than one company, so we check that before filing.

Everything, on a rolling monthly basis with no long tie-in: bookkeeping, VAT, payroll, company accounts, Corporation Tax and your personal Self Assessment, with a named ACCA-qualified accountant who replies within 72 hours. Pricing is fixed at £99, £199 or £499 a month depending on your needs, backed by a 30-day money-back guarantee.