Contractor Accountant

Accountants for Contractors

GET IN TOUCH

As a freelance contractor, all that should be on your mind is taking on your next big project, without the worry of accounting and tax looming over your head. Whether you’re a new contractor or you’ve been contracting for years, choosing a contractor accountant can seem quite overwhelming. At Submit Accounts, we have experience working with different contractors and freelancers, so we have the knowledge and expertise to meet your needs.

Accountancy Services for Contractors

New to contracting?

We can assist with:

  • Register you with HMRC
  • Set up your Limited Company (if needed)
  • Register VAT (if needed)
  • Provide you with the best tax saving advice

Other contractor accounting services

  • Unlimited Accountancy support
  • Self-Assessments (for sole traders and partnerships)
  • Corporation Tax for Limited Companies
  • MTD compatible VAT returns
  • Bookkeeping for Contractors

CIS Contractors

Are you a contractor working in the Construction Industry? The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in this industry and explains how payments must be handled by contractors. The biggest obligation for CIS contractors includes making a deduction of 20% tax on all subcontractor labour invoices and paying this amount directly to HMRC.

At Submit Accounts, we can help make your life a little easier. Let us:

  • Verify your subcontractors with HMRC
  • Ensure you pay your subcontractors correctly within the CIS scheme

Supply CIS deduction statements to subcontractors

IR35 Legislation – What is it? Does it affect me?

As a contractor, you’ve probably heard this term on the grapevine quite a lot!

In simple terms, IR35 is designed to assess whether a contractor is a genuine contractor, or whether they are in fact a ‘disguised’ employee. HMRC have cottoned on to the fact that some employers are ‘disguising’ employees as contractors to take advantage of tax benefits. For example, not paying employers’ National Insurance Contributions or not needing to pay employee benefits (such as sick pay or holiday pay).

From April 2021, every contractor needs to identify whether their contract is ‘inside IR35’ – making them an employee in HMRC’s eyes – or ‘outside IR35’, which identifies them as being self-employed.

At Submit Accounts, we can help you to navigate the IR35 rules and regulations and provide the best accounting services for your circumstances, including calculating any deductions needed if you’re inside IR35.

HMRC offers a simple online tool (CEST) that can help you to identify whether or not you may be classed as self-employed during a particular contract. Check out the link HERE.

 

Tailored Accountancy Services

Accountancy To Suit Your Needs

Sole Trader Accountancy

Accountancy for Sole Traders

At Submit Accounts, our team are always working hard to provide you with unlimited accountancy support to answer any questions you might have as a sole trader.

Learn More

Limited Company Accountancy

Accountancy for Limited Companies

When your limited company financial year ends, our wonderful team will happily prepare and file your annual accounts direct with HMRC and Companies House.

Learn More

Small Business Accounting

Supporting Your Start-Up

Once your business is up and running, you can trust us to continue to assist with your accounting, bookkeeping and tax returns.

Learn More

Our Feedback

For the last two years Lisa has handled my accounts in a professional manner that exceeded my expectations. As a stone mason, I don’t have a clue with numbers but I was reassured as she kept things simple and I felt like I was being advised honestly. I would highly recommend Lisa as her costs are very reasonable and services provided are spot on!

Russell - Stone Mason

Fantastic service! Great to find an accountant who is efficient, knowledgeable, personable & patient. Lisa is a breath of fresh air compared to previous Accountancy services I’ve used!

Karen - Interior Designer

I could not recommend Submit accounting more!! Lisa is very polite & professional. She made light & easy work of my books, taking away all the worry of my tax return!! If your looking for a great, professional service then look no further!!!

Gaz - Window Cleaner

Lisa offers a friendly accounting service and takes the stress out of handling your tax affairs, I couldn’t be happier with the services she provided. I’ll be using Submit Accounts again very soon.

Steve - Digital Marketer

I was very appreciative of the help I received during Covid-19 pandemic as pressure was taken from me knowing my business was handled in a professional manner.

Lynda

Contact

Thanks for visiting, we look forward to hearing from you.

Phone

+44 7807 302610

Email

hello@submitaccounts.co.uk

Connect
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Save
We use cookies to enhance your experience while using our website. To learn more about the cookies we use and the data we collect, please check our Privacy Settings.
I Accept