Stewart Accounting Services assisting you as a contractor or freelancer to fulfil your accounting and tax requirements…

To be able to trade as a contractor through your limited company you need to ensure you are trading outside IR35 legislation.
Basically IR35 seeks to tax people who are effectively working as employees for their client 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 will determine if you are at high risk to be trading in IR35.  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 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 off including; income tax, national insurance, corporation tax and VAT.
  • Registering you for VAT.
  • Setting up payroll.
  • Advising the best structure for extracting funds from your limited company in the most tax efficient way.

Contact Stewart Accounting to discuss how we can assist you as a contractor.

I only realised what an amateur my previous accountant was once I moved to Stewart Accounting. Previous advisor was unprofessional, unresponsive and also resulted in me incurring late filing penalties for my tax return.

KC, Gardening Services Sole Trader