IT Consultants Accountant
The majority of our clients are IT Contractors and Consultants and we have significant experience of contractor accounting for IT Contractors.
Often clients require that the IT Consultant operates through a limited company and this may be the first time you have done this. Once the excitement of becoming a Company Director dissipates there is an uncomfortable feeling of not knowing what to do, or what is coming next. This is where we can help you.
Normally the first thing to confront you after forming your company is the contract between your company and your clients (or possibly an intermediary such as a recruitment agency). This contract can run into many pages and is usually written in legal English.
This contract forms a vital piece of evidence to determine your IR35 status. You should get this reviewed by an expert in contractor accountancy, who will also give you advice regarding your contract and working practices before you sign. The tax implications of your employment status are considerable to you.
You also need to consider the insurance that you require for your business, some are compulsory, some are optional but you may decide that you want them. You will need to obtain a business bank account, and get your company registered with HMRC and wil possibly need a VAT registration for your company.
We can help you with all of this, and often if you are new to contracting it is helpful talk this all through with an expert contractor accountant over a cup of coffee.
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 FreelancerAccounting office on 0800 1357157 or email martyn@freelanceraccounting.com
