Call for Assistance: 02033 259 341
Spondoo Accounting
Call for Assistance: 02033 259 341
Spondoo Accounting

Accountants for Contractors

August 15, 2022

Contractor accountants 

At Spondoo, we have a specialist team of licensed accountants that provides contractors and freelancers with bespoke and all-inclusive accounting services. We offer our services across the UK to contractors from different industries. 

Who is a contractor? 

A contractor (aka freelancer or consultant) is a person that provides their services to a company via a limited company, or as a sole trader.  

As a contractor, you will need to consider the concept of deemed employment under HMRC’s IR35 rules. 

Are you still unsure if you are a contractor? You can use the HMRC’s Check Employment Status for Tax (CEST) tool to determine where you fall. 

How do contractors work/ operate? 

Contractors supply their services to their clients: 

  • As self-employed (sole traders) 
  • Through a limited company 
  • Through an umbrella company 
  • Through an agency 

To avoid HMRC penalties and fines – you should remain compliant with the IR35 rules. 

What to look for when choosing a contractor accountant 

When looking for the best contractor accountant for your business, ask your potential accountant these questions: 

  • Are they qualified accountants? 
  • Are they familiar with contracting legislation like IR35 and the rules around expenses? 
  • How much will they charge you? 
  • Can you talk to them when you need to? 
  • Are they tech-savvy? 

Accounting services we provide 

We provide the following services to contractors: 

Advise on the best business structure for contractors – self-employed, limited company or umbrella

As a contractor, it is crucial to choose the correct structure because they all have advantages and disadvantages. Our team will advise you on the best method for you – depending on your circumstances. 

Company formation

Do you want to do your contracting work under a limited company? We can help you set up a limited company with Companies House. Our specialist contractor accountants will guide you through the process and handle the necessary documentation. 

IR35 compliance

We can do an IR35 review to see if you fall inside or outside IR35. If you fall inside IR35, we will work on a compliance strategy – such as setting you up on an HMRC-compliant payroll service through our umbrella services. 

Umbrella services

Spondoo Umbrella services are built to provide you with effective service to help you manage your tax liabilities. You can find out more about our umbrella services here. 

Payroll services

We can prepare your payroll (monthly, bi-weekly) and handle the Real Time Information filings. We will also guide you on paying PAYE and NIC to HMRC. 

CIS

We provide CIS accounting and tax services to contractors and subcontractors working in the Construction Industry Scheme. We can help you meet all your tax obligations, file your taxes and ensure you maximise your tax savings – whether you are self-employed or working under a limited company. 

Bookkeeping

Our team can help you manage and reconcile your day-to-day accounts periodically, using the accounting software of your choice.  

VAT support

We can support you in the following ways: 

  • VAT registration 
  • General VAT advice and support. 
  • VAT Schemes support  
  • VAT reverse charge. 
  • Deregistration from VAT. 

Tax returns and tax advice

We will handle the preparation, calculation and filing of your: 

  • Self-assessment tax return 
  • Annual company accounts preparation 
  • Corporation Tax return  

Accounting software support

We will advise you on a user-friendly and reliable accounting software with good support. We are highly knowledgeable on the following contractor accounting systems: 

  • FreeAgent 
  • QuickBooks 
  • Xero 
  • Zoho Books 
  • Sage  

List of contractors we work with 

At Spondoo, we provide our services to multi-sectoral contractors, consultants, freelancers and locums. They include: 

  • Creatives, artists, and writers 
  • IT Contractors 
  • Digital and associate marketing and PR consultants 
  • Film, radio, and video producers 
  • Graphic designers 
  • Management consultants 
  • Project Managers 
  • Musicians 
  • Translators 
  • Web designers and developers 
  • Barristers 
  • Developers 
  • Engineers 
  • Finance Professionals 
  • Legal Professionals 
  • Locum Doctors, Pharmacists & Opticians 
  • Locum Vets 
  • Media 
  • Musicians 
  • Oil & Gas 
  • Partnerships 
  • Pilots 
  • Project Managers 
  • Social Media Influencers 
  • Surveyors and Architects 

Why choose Spondoo – the best contractor accountants in the UK 

Dedicated accountant

We will provide you with a dedicated accountant who will handle your accounting so that you can focus on running and growing your business. 

Low-cost fixed contractor accountant fees

If you work with us – you will know how much to pay in advance. Our fixed accounting packages are all-inclusive at very favourable rates. 

Qualified and accredited experts

Our specialist accountants are skilful in accounting for contractors – with over eight years of experience in the field. Our team members also have qualifications from the Association of Accounting Technicians (AAT) and the Association of Chartered Certified Accountants (ACCA).  

Technology-driven services

To make your business practices smooth, we will advise you on the best tools in the market that will automate your business processes. As software developers, we understand the tools that will help you have real-time updates about your business on your accounting software – at any time, anywhere. 

Up to date with tax legislation

Our contractor accountants understand the complexity of contracting tax legislation (especially IR35 and CIS). That is why they will work around the rules to ensure you remain compliant. 

Find contractor accountants near me

We are happy to help with your contractor business. Contact our specialist team via: 

  • Call – 02033 259 341   
  • Email – info@spondoo.co.uk   
  • WhatsApp – +44 7395 534661 

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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.
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