Contractor Accountants

As a contractor operating through a limited company, managing your tax obligations can be complex. Our specialist contractor accountants provide dedicated support tailored to your unique needs, covering all aspects of contractor accountancy and tax planning.

Unlike many accountancy firms, our fixed fee monthly service includes detailed tax return calculations and clear guidance on what taxes you owe, when they are due, and how to pay them. We also advise on how much to set aside in a ‘Tax Fund’ to ensure you are prepared for upcoming liabilities.

Our contractor clients value this proactive approach as it prevents unexpected tax bills and helps maintain tax efficiency throughout the year with no hidden fees or surprises.

Why Choose AMS as Your Specialist Contractor Accountants?

• When you are between contracts, we reduce our fee by 50%.

• We also offer a 50% fee reduction for any months before you receive your first contract income.

• Monthly forecasting of your business taxes with recommendations on how much to save in your ‘Tax Fund’.

• Free, unlimited tax advice on income options when approaching the Higher Tax Rate threshold.

• Access to tax advice and general support through our Contractor Blog.

• Monthly in-house client newsletters to keep you informed.

• We handle all VAT, PAYE, and Corporation Tax submissions, ensuring full compliance with Making Tax Digital (MTD) without requiring you to purchase cloud accounting software.

• Expert advice on IR35 compliance – visit our IR35 Hub.

Your Monthly Report

Our Monthly Report is designed to be straightforward and easy to understand, with clear advice on the actions you should take.

After receiving your bookkeeping information, we promptly send your monthly report containing all the essential information to manage your company effectively.

This report includes guidance on how much to transfer to your personal account based on projected income, while maintaining a sufficient tax fund within your business account to cover tax liabilities, avoiding surprises. It details upcoming tax payments and deadlines, instructions on how to pay them, a record of expenses, quarterly VAT return submissions, and a summary of your business account transactions.

Additionally, you will receive dividend vouchers, payslips, and reminders for any regular payments required from your business account.

Contractor Accounting Fees

For detailed information on our fees, please visit our Contractor Fees page. If you require assistance or advice, you can book a free consultation with one of our expert accountants.

No Need to Purchase Cloud Accounting Software for MTD Compliance

Many businesses are led to believe that cloud accounting software is mandatory to comply with Making Tax Digital, often incurring extra monthly costs. However, this is not the case.

We use HMRC-approved bridging software that complies fully with MTD requirements without additional fees to our clients. This approach allows us to continue providing comprehensive monthly reports and tax planning advice without the need for costly cloud-based software. Of course, if you prefer to use cloud accounting software, this option remains available.

IR35 Hub

Visit our IR35 Hub for more information on IR35 compliance.

Our contractors benefit from not having to sign up for expensive cloud accounting software to meet new HMRC MTD regulations. After thorough research, we chose bridging software as a cost-effective alternative that complies with MTD, enabling us to maintain our high standard of monthly reporting and tax planning support. We continue to forecast upcoming taxes, advise on tax fund management, and guide how much money can be withdrawn from your company safely.