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 from a range of industries and roles including:
|IT, Technology & Software|
|Finance, Business Analysts|
|Project & Programme Management|
|Engineering / Construction / Trades|
|Web Designers & Developers|
|Nurses & Doctors|
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 :
If you have any queries, please get in touch. We offer a free initial consultation to talk about your requirements and potential solutions.
01634 540 040
We have three packages to suit most needs, however, if it’s not quite tailored enough then please get in touch as bespoke packages are always an option.
Designed for the small or starting business. Makes sure your taxes and accounts are filed, and your back is covered.
£ 109 + VAT
Vital input on your financials while making sure that your taxes are always minimised. It’s our most popular package.
£ 209 + VAT
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 […]
Please complete the form and we'll be in touch as soon as possible.