What is contractor accounting?
Contractor accounting is a specialised form of accounting dedicated to providing tailored advice and service to a contractor business. Many of the responsibilities that a contractor accountant typically carries out are related to tax affairs and ensuring that a contractor operates within relevant legislation. Contractor accountants are also likely to handle payroll, loan applications, and financial business plans.
However, the individual service and duties of contractor accountants will vary from provider to provider, and depending on what is negotiated between the accountant and a client.
To join the many happy WIS Accountancy customers, contact our team of highly skilled accountants to access useful advice and monthly accounting packages for competitive fees.
Do contractors need accountants?
While a contractor does not need dedicated accountants to handle their affairs, it is highly recommended that contractors invest in the services of a contractor accountant if they have the funds and time to do so. This is because having accountants on your team makes contracting significantly easier.
With a dedicated accountant taking care of much of the financial responsibility, you are free to attend to other matters such as the day-to-day running of your company. Hiring a reputable contractor accountant also affords you the peace of mind that your practices are within legislative guidelines.
When should you hire a contractor accountant like us?
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Our online accounting service for contractors
If you are in search of accountancy services from an accountancy firm you can trust, search no further than the established online accounting services offered here at WIS Accountancy which comprise a professional and multi-talented group of accountants who can provide the best service and solutions for your limited company.
As your chosen contractor accountant, we provide flexible and reliable accounting solutions, including dealing with VAT per quarter, running payroll on your behalf, and handling personal tax returns and corporation tax. Should you need it, our experienced team of accountants can prepare your annual accounts and offer industry-specific legislative advice to help you navigate any potential challenges with ease.
Why choose WIS Accountancy as your contractor accountant?
Here at WIS Accountancy, we specialise in financial matters relating to SMEs. Because of this, as the owner of an SME, you can employ our contractor accountants in the confidence that we have the expertise and knowledge needed to help your business to thrive.
Our dedicated contractor accountants are here to help contractors and freelancers manage their finances on a basis suitable for them, whether that be per month or on a more flexible arrangement.
With an accessible online portal, our inclusive online accounting software can help you take care of and manage your expenses – among many other unlimited support functions.
For limited companies, our fixed fee accountancy packages are an ideal investment. Our accountant package includes accountancy services that are tailored to especially help you navigate VAT-related issues, such as VAT each quarter and regular self-assessment of VAT returns so that you can be sure you’re paying the right amount. Further, we prepare the annual accounts and relevant corporation tax forms for your business.
As a self-employed contractor, you must invest in contractor accountancy if your funds allow you to do so. This is because a specialist contractor accountants such as the ones here at WIS Accountancy can assist with a range of matters, such as business insurance, tax return, take-home pay, and more. WIS Accountancy can offer an accountancy package dedicated to helping your limited company grow, whether it is in its initial stages of planning or looking to expand.
At WIS Accountancy, we also offer the opportunity for you to sign up for our company umbrella payroll, WIS Umbrella. WIS Umbrella is a dedicated service that makes getting paid quick, simple, and easy. Our service system is extensive too. Each sign up to the online portal is assigned a personal liaison officer to ensure your accounts and payment are handled accordingly. With a simple sign-up process and no additional fees for a transfer from the umbrella to a limited company, if you need to, WIS Umbrella is the complete pay package you need. Don’t forget to check out our five-star reviews online too. Get in touch if you have any queries.
Monthly accounting packages for contractors
As a contractor, monetary simplicity is what you strive for. Due to this, at WIS Accountancy, we offer unlimited free online accounting software and contractor services in comprehensive monthly accounting packages tailored to your needs.
Our basic accountant package includes limited company set-up and helps with payroll, enrolment, handling personal and corporate taxes, and VAT support. Our contractor accountants are committed to providing professional help to our clients through one of three accounting packages.
As one of the most reliable accountancy firms registered in England, you can join WIS Accountancy’s many happy clients by contacting us now.
Professional IR35 advice for contractors
Whether you are self-employed or a limited company, if you require IR35 advice from a registered office accountant, WIS Accountancy is here to help. Whether you require regular IR35 reviews or help with take-home pay and other matters, we are the best contractor accountant for the job. Backed by years of experience and as one of the UK’s largest contractor accountancy firms, we can provide unlimited service to contractors and freelancers up and down the country.
What does IR35 mean for contractors?
IR35, also known as off-payroll working, is a piece of legislation introduced in 2000 created to stop contractors and freelancers from avoiding paying the right amount of tax by disguising themselves or employees in an incorrect role. At WIS Accountancy, our professional contractor accountants are well versed with a range of IR35 and contracting matters, including determining whether you are in or out of IR35 guidelines.
Get in touch with a dedicated accountant today if you would like to employ our specialist contractor services or request more information about an accountancy package suitable for your needs.
If you need a dedicated all-inclusive online accounting software that is easy to access and tailored to your company, look no further than WIS Accountancy's online specialist portal. Take care of your accounts in one handy location with our complete digital portal. Contact us today for more information or read reviews to learn more about how WIS Accountancy can help.
The fees for specialist contractor services vary depending on the accounting services you need to access. To learn more about WIS Accountancy fees about the best monthly accounting package for your company, contact our team of highly qualified accountants today.