The contractor and freelancing industry is booming in Kent, adding a big boost to our local economy. The South East is the top location in the UK for contracting, making up over 20% of the UK total. With easy access to London and excellent links to Europe, Kent is a great place to be a contractor.
As more and more companies look to contractors and freelancers with specific skills the contractor model is becoming increasingly attractive. Contractors enjoy increased freedom and variety of roles as well as all the benefits of being your own boss.
With a wealth of projects and businesses across Kent and the South East region that require contract workers, our specialist contractor accountants focus on advising UK contractors and freelancers.
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We understand how busy life can be as a contractor or freelancer. That’s why we have created a bespoke contractor service where we provide everything you need so that you can focus on running your business.
We take care of all of your specialist contractor & freelancer requirements.
Left it a bit late with my accounts and tax return, but I got a quick appointment and they managed to get it all sorted out in time. Thanks guys.
Amazing company to be with, always have time for you and deal with things straight away. I can't recommend AK enough, Andy and the team have made my life so much more simple.
Medfab Ltd have been working with Andy for 2 years now, the service and expertise is 2nd to none. I have had other accountants in the past that came highly recommended but are nowhere in the slightest to the calibre you receive fr AK Tax and accountancy. regards Kevin Harris Medfab ltd Managing Director,
I needed some help getting my tax affairs in order. The AK Tax team sorted me out and then made everything easy going forward. Great service.
Excellent relationships on a B2B level - handles our filings and queries with ease taking time to explain which is a rarity today. A vital part of my business model, and a valuable person to know.
We pass many high-value transactions through our property companies, and AK Tax & Accountancy have always helped us to get things sorted out. We have also been able to move onto Xero software which has made the bookkeeping so much easier. We have been with this company for a number of years and I have no hesitation in writing this strong review. A good company to work with!
Once you have decided that contracting is the right long term option, operating your contract business via a limited company is the best option for most contractors. It gives you control over your business finances and is more advantageous for tax purposes. Before you begin trading as a limited company you will need to:
IR35 legislation was brought in by the government to prevent employers from using limited company contractors in roles that were essentially the same as full time positions. Both employers and contractors would benefit by avoiding having to pay income taxes and national insurance.
As a contractor, understanding whether you fall inside or outside IR35 can be complicated. We will help make sure you stay on the right side of the legislation. This can mean the difference between paying significantly more tax as a ‘disguised employee’ or realising the tax efficiency benefits of operating as a limited company.
Our team of contractor specialists will save you time so that you can focus on the work that you do best. Our service includes:
Anyone who uses subcontractors for construction work within the property sector must register as a contractor with HMRC. As a contractor, it is your responsibility to collect taxes from your subcontractors and ensure that the right amount is paid to HMRC. You are also required to complete monthly returns showing which subcontractors have worked for you during the month and any payments you have made. All of which can add a considerable burden to your business. We can help with :
As a responsible business owner in the UK, you are legally obligated to compensate your employees regularly and fairly. However, it is not enough that you just pay them every month. You are also required by law to run payroll. What is Payroll? Payroll is a process that includes accounting for payments and deductions, providing […]
After years of hard work, at some point, we’ll all want to finally stop working and get out of the day to day grind of being in business. However, without securing your pension, this future may be out of reach. Whether you choose to retire at home or relocate to another country, you’ll still need […]
Staying profitable as a small or medium-sized business is enough of a challenge that you don’t want to be paying more taxes for your expenses than you ought to. Here are the business expenses you can claim when filing your tax return. 1. Office Expenses You can claim expenses on the items that keep your […]
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