IT Contractor Accountancy

It is common practice for companies to take on IT Contractors when they undergo change. For example when they undertake projects, downsize, upsize and introduce outsourcing. An IT Contractor can often bring in an additional skill or technology which is not available in house. It is fully anticipated that this trend will continue and grow for the foreseeable future.

The benefits for a Contractor over an employee include a higher rate of take home pay, flexibility, less office politics and often more stimulating work. This usually outweighs any potential job insecurity it brings.

Most IT Contractors find that the benefits outweigh the downsides as there is always permanent employment to fall back on if things don’t work out. IT Contractors often end up being in the same role for many years, which is perfectly acceptable as long as a few tax requirements are considered.

If you need a specialist Contractor Accountant to guide you through the tax and accounting requirements needed to do this then you should look for one that is convenient to your work or home as tax can be complicated and face to face meetings can be useful.

You can work through an Umbrella Company but working through your own Limited Company is the most tax efficient way of working. An umbrella company is a useful short term solution, or a practical way to work if you are inside of IR35.

Freelancer Accounting is a specialist provider of fixed fee accountancy services to Freelancers and Contractors in London and the South East England.

We understand that tax is complicated and offer you face to face meetings at one of our office locations convenient to you.

You have your own dedicated accountant as a point of contact.

We are accredited by the Professional Contractors Group (PCG) and are an ACCA Practice, so you never have to worry about you tax and accounting affairs again.

If you are thinking of contracting or an existing contractor with questions and would like further advice, please do not hesitate to call your local Freelancer Accounting office on 0800 1357157 or email martyn@freelanceraccounting.com