Setting up a limited company and hiring a contractor accountant in the UK to assist can help contractors legally maximise their take home pay. With expert tax advice and assistance with your administration and bookkeeping, running a limited company does not need to be difficult or a burden.
Contractor Accountants can help you with…
Using a contractor accountant in the UK can help you with almost every aspect of running your own limited company. Here are just some of the things that they can help you with:
- Your own dedicated Account Manager for easy communication (ongoing telephone and email support)
- Company formation
- Submission of RTI
- PAYE, VAT and Corporation Tax registration
- Support with dividend documentation
- VAT returns (every quarter)
- Reference for mortgage
- Reference for VISA
- 24/7 access to a state of the art online portal – allowing you to view your live business finances on the go
- Ongoing assistance with HMRC correspondence
- Help with setting up your business bank account
- Filing year-end accounts
- IR35 reviews (with the assistance of a third party tax status specialist)
- Personal Tax Return
- Financial services review
Churchill Knight & Associates Ltd has multiple accountancy packages designed to help contractors find an accountancy service that they need and not to pay for extras that they don’t. Our packages start from only £95 per month.
When you are choosing a contractor accountant, it is imperative that you pick a compliant provider with a proven track record. Make sure they are accredited by reputable UK industry bodies such as Professional Passport and APSCo and that they are not offering a tax avoidance scheme – and never have done in the past.
Churchill Knight is fully compliant with HMRC and is proud to be accredited by Professional Passport and APSCo. We are annually audited by Professional Passport to ensure we are operating compliantly.
Contact the experts
Churchill Knight has been providing expert contractor accountancy since 1998 and has helped over 20,000 contractors. We were founded by John Payne – an IT contractor at the time and we have remained family run ever since. Providing an exceptional level of customer service has always been our priority.
Please give our friendly team a call today on 01707 871622 or use the short contact form on this page. We’ll have a chat with you about your personal working circumstances and will help advise you on the best option for your payroll.
What if you’d prefer not to start a limited company?
You do not need to start a limited company if you do not want to and there are other options available for contractors. For example, you may decide that you would prefer to get paid via an umbrella company. Umbrella companies will typically charge you less to use their services than a contractor accountant but you will be paid PAYE as if you were a full time employee (removing the opportunity to benefit from careful tax planning and a potential increase in your take home pay).