Making Contracting more interesting: Contractors Accountants

Posted by Benny Gala on May 28th, 2018

100 Guarantee of benefits for Contractors

Accountants believe that it is their responsibility to give you the maximum financial benefits from your contracting business. They will manage your paperwork; Review your business time to time; and also will give you proactive suggestion.

How best to trade?

It is general question that new contractors always ask. What is the best way to trade as a sole trader? There are many methods are available to apply you but is necessary to choose the right methods.  A limited company is the most tax effectual but there is more work or more responsibility compare to sole trader. IR35 also needs you have limited company as contractors.

The Infamous IR35:

There is a very basic summary of IR35 is a piece of consideration to prevent contractors from acting as disguised employees. This is the relationship between the client and contractors is much same the employer and employee. It is important that you have an IR35 review to see that are belonging inside the legislation or outside. 

VAT Registering as a Contractor:

If you trade as a contractor or through limited company and selling products you need to register your vat. Vat registration will provide you extra benefits in your taxation. You can return vat if you are not getting vat from the customers.

If you were to register on flat rate scheme you would then pay over a minimum percentage of collected vats from your customer or client.

Dedicated Accountants for Contractors and freelancers:

If you are working as a contractor or freelancers; you need to hire dedicated accountants team. They will manage your account properly. They need to review your account time to time and making a proper sheet of your transactions and expansions. They also need to manage your bookkeeping and account. They will also advise you lot of proactive ideas and suggestions to get more increasing revenue. There are many accountants providing best accountancy services for contractors and freelancers.