Contractor Accounting Services
Latest update 17th March 2020
Due to the impact of Coronavirus on businesses, the government has announced a delay in implementation to April 2021.
JK Accountants has been working for Contractors for the last 15 years. We have seen the landscape change from the times of the HSMP visa to PSC’s to the current issues with IR35.
If your contract is now within IR35, many companies have been offering roles wherein they will deduct the Employer NI and leave the Contractor to sort out his own tax affairs. In this situation it is possible for us to process your payments in full compliance with the IR35 Rules and Regulations. We would help you to correctly assess the S198 expenses and ensure compliance with the Off-payroll rules.
If you are currently in a contract outside IR35, we have been helping clients with all their tax obligation and also to plan for the most efficient tax compliance. JK Accountants extend help to make sure that you meet all HMRC and statutory deadlines on time. The list of activities are carried out by our chartered accountant on a fixed monthly fee.
Tax and Compliance
We will prepare and submit:
- Quarterly VAT returns
- Annual statutory financial statement
- Corporation tax return
- Directors Self-Assessment Tax Return
- Companies House Annual Return
Accounting and Bookkeeping
- Quarterly review of your bookkeeping file
- Processing the monthly payroll reports for up to two employees