Contractors

Accounting Solutions for Contractors and Freelancers

Stewart Accounting Services can assist you as a contractor or freelancer in fulfilling your accounting and tax requirements. To trade as a contractor through your limited company, you need to ensure you are operating outside the IR35 legislation.

Basically, IR35 seeks to tax people who are effectively working as employees for their clients through the disguise of their own limited company. HMRC uses 12 questions to determine whether you are trading inside or outside IR35. Depending on the outcome of these questions, it will determine whether you are at a high risk of trading within IR35.

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Services (Contractors): Your Partner in Financial Management

Stewart Accounting Services Limited specialises in supporting contractors and freelancers by expertly managing their accounting and tax needs. Whether you’re navigating the complexities of tax filings or managing day-to-day finances, our services are tailored to ensure compliance and maximise efficiency. We handle everything from bookkeeping to tax planning, allowing you to focus on growing your business. Trust our accounting solutions to provide the professional financial guidance you need, so you can concentrate on what you do best.

The questions cover topics such as: have you previously been an employee of the contractor, can you send a substitute, do you use your own equipment, do you have business premises and PII, and do you employ anyone. Stewart Accounting Services, which offers accountancy and tax services in Alloa, can assist you with the following:

Reviewing your contract and assessing your IR35 risk.
Setting up your limited company and registering you with HMRC.
Setting up an appropriate bookkeeping system.
Advising you of the taxes you may need to be aware of, including income tax, National Insurance, Corporation Tax, and VAT.
Registering you for VAT.
Setting up payroll.
Advising on the best structure for extracting funds from your limited company in the most tax-efficient way.

Testimonials

“Having shopped about with some difficulty in search of an accountant I fortunately came across Stewart Accounting Services Ltd. I have found they have handled my business affairs quickly, efficiently and professionally. With just starting up my business, their work has made the minefield of tax and accounts much easier for me to navigate and understand. Along with their approachable and patient manner with regard to my inexperience of financial record keeping, Stewart Accounting provides a high-quality service with prices particularly competitive to their contemporaries.”

Contractors

Accounting Solutions for Contractors and Freelancers

Services (Contractors): Your Partner in Financial Management

Testimonials

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