Accounting for Contractors

Outstanding Accounting for Contractors

Bronze Package for Contractors

Bronze Package with IR35 Review and company formation

As experienced accountants, we have a wealth of knowledge built up over years of hard work. Contractors make up a large section of our customer base, we have gained expertise in this area.  We are, therefore, able to offer you the best advice to maximize the net pay you take home.

We are proud to offer the following specialist services for contractors, locums, small businesses, consultants, and freelancers. The nature of business and tax legislation can affect many companies in this field, such as IR35 and S660a. We are here to help and advise you. Our service is dedicated to ensuring you only get the best. 

Set Up

Form a Limited company at Companies House or set up your business.

We will register your business for PAYE and for VAT.

We will register your business for Corporation Tax or Business Tax.

Register your business for the VAT Flat Rate Scheme.

We will assist with opening a Business bank account within five working days, with Cater Allen. We are dedicated to finding you the right account to suit your needs. 

We will assist with finding Professional Indemnity insurance, Public liability and Employers liability insurance.

Our experience accounts will produce an estimate of your potential profit and tax liabilities.

IR35 Contract review at cost of £130+ VAT per contract.

Monthly

We will operate your payroll with payslips for each employee.

We will calculate and issue a profit statement

Our accountants will produce dividend calculations

We will offer PAYE advice on payments and online filing with HMRC including RTI ( Max 1 employees)

Quarterly

We will help with the preparation of VAT returns, and even give you advice on payments and online filing with HMRC. 

We will offer PAYE advice on payments and online filing with HMRC including RTI ( Max 1 employees)

Annually

Issue and file P14/P60 and P35 with HMRC.

Issue and file P11d and P11d(b) with HMRC.

We will calculate and advise of Class 1A NIC payments.

we will;

prepare and file annual accounts with HMRC.

Prepare and file Corporation Tax return (CT600) with HMRC.

Prepare accounts for Companies House.

Prepare Companies House Annual Return (AR01).

Personal Tax Return for one director (a fee of £60 for each additional person), if received by 30 September after the end of the tax year. A small charge may apply if you join part way through the tax year.

Ongoing

We will give you a dedicated Accountant, including their direct phone number and email address. They will be there when you need them.

Unlimited telephone and email support. We guarantee a reply within 24 hours and the same day if before 4 PM.

Produce dividend vouchers and board minutes.

Deal with any general HMRC correspondence and queries.

Advise Companies House of company changes.

Deal with a change of address for the company and director.

Mortgage and tenancy references.

Complete National Statistical Office questionnaires.

We would deal with HMRC investigations where we have done the work. This is provided you have followed our advice and never concealed anything from us. (we charge hourly for this service)

If you decide to cease using our services, your only commitment is to give us one month notice.

If you choose to move to another accountant, we would never make a charge for the transfer.

What must you do

Complete our RHJ workbook which we will send to you when you join. You will even receive our free expenses guide.

Send us the workbook monthly or quarterly. Then we will always be in a good position to help and work with you.

Respond to letters and e-mails from us.

Pay your fees each month.

 In order for us to set up your limited company, we would need to ask you to complete a form which will detail the company name, directors/shareholders details etc. We will also need to see a copy of your passport and a recent utility bill. Do not worry, we will even be happy to help you fill in this form. 

It usually takes us only a few hours to initially form a company. Once this has been done we will then send you out a client pack containing all of the forms needed to register you and the company with HMRC.

 

With RHJ Accountants and associates, we will be with you every step of the way. 

Silver Contractors Accountancy Package

Silver Package with IR35 Review and Free company formation

As experienced accountants, we have a wealth of knowledge built up over years of hard work. Contractors make up a large section of our customer base, we have gained expertise in this area.  We are, therefore, able to offer you the best advice to maximize the net pay you take home.

We are proud to offer the following specialist services for contractors, locums, small businesses, consultants, and freelancers. The nature of business and tax legislation can affect many companies in this field, such as IR35 and S660a. We are here to help and advise you. Our service is dedicated to ensuring you only get the best.

Set Up

Form a Limited company at Companies House or set up your business.

We will register your business for PAYE and for VAT.

We will register your business for Corporation Tax or Business Tax.

Register your business for the VAT Flat Rate Scheme.

We will assist with opening a Business bank account within five working days, with Cater Allen. We are dedicated to finding you the right account to suit your needs. 

We will assist with finding Professional Indemnity insurance, Public liability and Employers liability insurance.

Our experience accounts will produce an estimate of your potential profit and tax liabilities.

£70 + VAT for IR35 Contract review provided you pay a full twelve months fees ( normally £130 + VAT)

Monthly

We will operate your payroll with payslips for each employee.

We will calculate and issue a profit statement

Our accountants will produce dividend calculations

We will offer PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees)

Quarterly

We will help with the preparation of VAT returns, and even give you advice on payments and online filing with HMRC. 

We will offer PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees)

Annually

Issue and file P14/P60 and P35 with HMRC.

Issue and file P11d and P11d(b) with HMRC.

We will calculate and advise of Class 1A NIC payments.

we will;

prepare and file annual accounts with HMRC.

Prepare and file Corporation Tax return (CT600) with HMRC.

Prepare accounts for Companies House.

Prepare Companies House Annual Return (AR01).

Personal Tax Return for one director (a fee of £60 for each additional person), if received by 30 September after the end of the tax year. A small charge may apply if you join part way through the tax year.

Ongoing

We will give you a dedicated Accountant, including their direct phone number and email address. They will be there when you need them.

Unlimited telephone and email support. We guarantee a reply within 24 hours and the same day if before 4 PM.

Produce dividend vouchers and board minutes.

Deal with any general HMRC correspondence and queries.

Advise Companies House of company changes.

Deal with a change of address for the company and director.

Mortgage and tenancy references.

Complete National Statistical Office questionnaires.

You may use our address as your registered office.

We would deal with HMRC investigations where we have done the work. This is provided you have followed our advice and never concealed anything from us. (we charge hourly for this service)

If you decide to cease using our services, your only commitment is to give us one month notice.

If you choose to move to another accountant, we would never make a charge for the transfer.

What must you do

Complete our RHJ workbook which we will send to you when you join. You will even receive our free expenses guide.

Send us the workbook monthly or quarterly. Then we will always be in a good position to help and work with you.

Respond to letters and e-mails from us.

Pay your fees each month.

 In order for us to set up your limited company, we would need to ask you to complete a form which will detail the company name, directors/shareholders details etc. We will also need to see a copy of your passport and a recent utility bill. Do not worry, we will even be happy to help you fill in this form. 

It usually takes us only a few hours to initially form a company. Once this has been done we will then send you out a client pack containing all of the forms needed to register you and the company with HMRC.

 

With RHJ Accountants and associates, we will be with you every step of the way. 

Gold Contractors Accountancy Package

Gold Package

As experienced accountants, we have a wealth of knowledge built up over years of hard work. Contractors make up a large section of our customer base, we have gained expertise in this area.  We are, therefore, able to offer you the best advise to maximise the net pay you take home.

We are proud to offer the following specialist services for contractors, locums, small businesses, consultants, and freelancers. The nature of business and tax legislation can effect many companies in this field, such as IR35 and S660a. We are here to help and advise you. Our service is dedicated to ensure you only get the best.

Monthly

We will operate your payroll with payslips for each employee.

Our exprienced accountants will calculate and issue a profit statement

We will produce dividend calculations

Will offer PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees)

Your Bank Reconciliation will be completed monthly

Quarterly

We will complete the preparation of VAT returns and even offer advice on payments and online filing with HMRC

We will give PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees)

Annually

Issue and file P14/P60 and P35 with HMRC.

Issue and file P11d and P11d(b) with HMRC.

We will calculate and advise of Class 1A NIC payments.

we will;

prepare and file annual accounts with HMRC.

Prepare and file Corporation Tax return (CT600) with HMRC.

Prepare accounts for Companies House.

Prepare Companies House Annual Return (AR01).

Personal Tax Return for two directors (a fee of £60 for each additional person), if received by 30 September after the end of the tax year. A small charge may apply if you join part way through the tax year.

Ongoing

We will give you a dedicated Accountant, including their direct phone number and email address. They will be there when you need them.

Unlimited telephone and email support. We guarantee reply within 24 hours and the same day if before 4PM.

An on-going book keeping service

Produce dividend vouchers and board minutes.

Deal with any general HMRC correspondence and queries.

Advise Companies House of company changes.

Deal with change of address for the company and director.

Mortgage and tenancy references.

Complete National Statistical Office questionnaires.

You may use our address as your registered office.

We would deal with HMRC investigations where we have done the work. This is provided you have followed our advice and never concealed anything from us. (we charge hourly for this service)

If you decide to cease using our services, your only commitment is to give us one month notice.

If you choose to move to another accountant, we would never make a charge for the tra

What must you do

Complete our RHJ workbook which we will send to you when you join. You will even receive our free expenses guide.

Send us the workbook monthly or quarterly. Then we will always be in a good position to help and work with you.

Respond to letters and e-mails from us.

Pay your fees each month.

Send us your sales invoices

Send us copies of your bank statements

Send us your expenses and send us your receipts

 In order for us to set up your limited company we would need to ask you to complete a form which will detail the company name, directors/shareholders details etc. We will also need to see a copy of your passport and a recent utility bill. Do not worry, we will even be happy to help you fill in this form. 

It usually takes us only a few hours to initially form a company. Once this has been done we will then send you out a client pack containing all of the forms needed to register you and the company with HMRC.

Platinum Cloud Accounting Package

Platinum Cloud Accounting Package

As experienced accountants, we have a wealth of knowledge built up over years of hard work. Contractors make up a large section of our customer base, we have gained expertise in this area.  We are, therefore, able to offer you the best advice to maximize the net pay you take home.

We are proud to offer the following specialist services for contractors, locums, small businesses, consultants, and freelancers. The nature of business and tax legislation can affect many companies in this field, such as IR35 and S660a. We are here to help and advise you. Our service is dedicated to ensuring you only get the best.

Xero is the world’s leading online accountancy platform. Xero already helps over 200,000 businesses consolidate their financial data and information. It is easy to see why many accounts choose to use this platform. We love it and think you will too. 

What can Xero do for you? 

Fast bank reconciliation

Easy and simple purchasing processes and easily keep track of orders

Tailor smart financial reports and budgets

Pay your bills, reduce admin and keep control of your cash flow

Extremely secure software with multiple layers of security

Allows you to really take control of your business

Online payment services

You can easily record and claim expenses

There is any easy to use dashboard and mobile app. You will have access to your business anytime, anywhere.

It will give you payroll software that incorporates workplace pensions

The list is truly endless. With RHJ accountants and Xero, you will be in complete control of your business. It will allow you to focus on the important things and make the administration easy. Owning a business has never been so good. 

For more information on Xero, please visit: 

https://www.xero.com/uk/accounting-software/ 

See for yourself why we love it. 

Set Up

Form a Limited company at Companies House or set up your business for free
Register your business for PAYE.
Register your business for VAT.
Register your business for Corporation Tax or Business Tax.
Register your business for the VAT Flat Rate Scheme.
Assist with opening a Business bank account.
Assist with finding Professional Indemnity insurance, Public liability and Employers liability insurance.
Produce and estimate of your potential profit and tax liabilities.
Free IR35 Contract review provided you pay a full twelve months fees (normally £200)

Monthly

Operate your payroll with payslips for each employee.
Calculate and issue a profit statement
Ongoing book-keeping.
Produce dividend calculations
Maintain Sales ledger
Maintain Purchase Ledger
Set up and maintenance of Xero cloud software, including monthly payment of Xero 
PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees) Additional employees cost an extra £12 per month
Bank Reconciliation

Quarterly

Preparation of VAT returns, advice on payments and online filing with HMRC
Ongoing book-keeping.
PAYE advice on payments and online filing with HMRC including RTI ( Max 2 employees) Additional employees cost an extra £12 per month

Annually

Issue and file P14's/P60 & P35 with HMRC.
Issue and file P11d & P11d(b) with HMRC.
Calculate and advise of Class 1A NIC payments.
Prepare & file annual accounts with HMRC.
Prepare & file Corporation Tax return (CT600) with HMRC.
Prepare accounts for Companies House.
Prepare Companies House Annual Return (AR01).
Personal Tax Return for two directors, if received by 31st October after the end of the tax year. A small charge may apply if you join part way through the tax year.

Ongoing

Dedicated Accountant including their direct phone number & email address.
Unlimited telephone & email support, guaranteed reply within 24 hours and same day if before 4 PM.
Ongoing book-keeping.
Produce dividend vouchers and board minutes.
Deal with any general HMRC correspondence and queries.
Advise Companies House of company changes.
Deal with a change of address for the company and director.
Mortgage & tenancy references.
Complete National Statistical Office questionnaires.
Deal with HMRC investigations where we have done the work, provided you have followed our advice and not concealed anything from us.
Use our address as your registered office.
If you move to another accountant we do not make a charge for this we just ask for one month’s notice.

What must you do

Send us your sales invoices
Send us copies of your bank statements
Send us your expenses and send us your receipts
Respond to letters and e-mails from us
Pay your fees each month.

Private Client

Don't let taxes such as income tax, capital gains tax and inheritance tax erode your wealth significantly.

RHJ Accountants and associates will let you know just how important it is to maximise and protect your personal wealth. 

We strive to help minimise the impact of these taxes on your finances and enable you and your family to enjoy more of your wealth. Whether you have your own business, you're looking to exit your company, or you want to provide for your loved ones, we can help you achieve your goals. We assess our clients individual needs and tailor a personalised service. 

We will securing your wealth for generations with our private client services:

Capital gains tax advice

Exit planning and shareholder planning areas

Inheritance tax advice

Pension advisory

Personal tax self-assessment compliance

Trust compliance and advisory

Wealth management

Please call us today and arrange a meeting to discuss your private client needs. We are here to help and offer you the best possible future.

Insurance

As a provider of services via a limited company, we cannot stress the importance of holding adequate business insurance in place at all times – notably professional indemnity, public liability and employers’ liability.

Why should I be insured?

The majority of agencies require contractors to have appropriate insurance cover which will normally form part of your contract with them.

If your actions lead to anything being damaged or someone being injured; or any advice you provide or work you complete results in a client losing money, a claim could be made against you. Having appropriate insurance cover could be what keeps you in business.

Holding business insurance is also a key IR35 indicator, indicating to HMRC that you are operating as a legitimate business

If for any reason you do not hold the appropriate insurances, we would suggest you contact our insurance partner Kingsbridge Contractor Insurance, a specialist insurance broker specifically for contractors.

Kingsbridge provide a comprehensive, competitive and fully compliant package that includes all the key insurances you may require, meaning you only need one policy to cover your main exposures and meet your contractual obligations.

You can get in touch with their team directly on 01242 808740 or via enquires@kingsbridge.co.uk. You can also get a quick quote at

https://rhjaccountants.kingsbridge.co.uk/buy

What do I get for my money?

Set Up

Bronze, 
£70 + VAT
Per Month

Silver
£90 + VAT 
Per Month

Gold
£125 + VAT
Per Month

Platinum
£175 + VAT
Per Month

Form a Limited company at Companies House or set up your business for.        
Register your business for PAYE        
Register your business for VAT.        
Register your business for Corporation Tax or Business Tax.        
Register your business for the VAT Flat Rate Scheme.        
Assist with opening a Business bank account        
Assist with finding Professional Indemnity insurance, Public Liability and Employers liability insurance.        
Produce and estimate of your potential profit and tax liabilities.        
Free IR35 review one per year        
Free IR35 Review unlimited        
Free cloud accounting        

MONTHLY

       
Monthly payroll, PAYE advice and online filing with HMRC for company direcotrs        
Monthly payroll, PAYE advice and online filing with HMRC for additional employees        
Produce dividend calculations        
Bank Reconciliation        
Ongoing book-keeping.        
Maintain Sales ledger        
Maintain Purchase Ledger        
Set up and maintenance on cloud software, including monthly payment        

QUARTERLY

       
Preparation of VAT returns, advice on payments and online filing with HMRC        

ANNUALLY

       
Annual RTI submissions with HMRC.        
Issue and file P11d & P11d(b) with HMRC.        
Prepare & file annual accounts with HMRC.        
Prepare & file Corporation Tax return (CT600) with HMRC.        
Prepare accounts for Companies House.        
Completion of self-assessment tax return for director        
Completion of self-assessment tax return for additional directors        

ONGOING

       
Dedicated Accountant including their direct phone number & email address.        
Unlimited telephone & email support, a guaranteed reply within 24 hours and same day if before 4 PM.        
Produce dividend vouchers and board minutes.        
Deal with any general HMRC correspondence and queries.        
Advise Companies House of company changes.        
Deal with a change of address for the company and director.        
Mortgage & tenancy references.        
Complete National Statistical Office questionnaires.        
Use our address as your registered office.        
Ongoing book-keeping.        
One Off Services

Service

Cost

Limited company Set Up

£125 + VAT

iXBRL Filling £150 + VAT
Dormant Accounts £125 + VAT
Self assessment £200 + VAT
CIS Self assessment £200 + VAT
Registered Office for clients £150 + VAT
References for Clients £25 + VAT
Sole Trader Accounts From £400*
Limited company accounts From £700*
Bookkeeping From £25 per hour + VAT
IR35 Contract review  £200 + VAT per contract. 
Prepare Companies House Annual Return (AR01). On Request