Do I need to register for VAT as a contractor?

You must register for VAT if your business turnover exceeds £85,000 a year. Below that, registration is optional but may have benefits.

Accountants for Contractors

We offer expert contractor accountants’ services to a wide range of contractors, including IT professionals, engineers, consultants, and freelancers. Whether you work in software development, civil engineering, data analysis, or consultancy, our team understands the specific needs of your sector.

Our contractor accountancy services include company setup, IR35 contract reviews, tax planning, bookkeeping, payroll, VAT management, and year-end accounts preparation.

Free Consultation Packages

How We Help Contractors

Our contractor accountants work with IT contractors and those in other industries to keep your business running smoothly. We help contractors with specialist accounting services designed for their unique needs:

Company formation and limited company setup
IR35 contract reviews and regulation support
Bookkeeping and accurate record-keeping
Preparing and submitting Corporation Tax and Self Assessment
Payroll management and Pension planning
VAT registration and filing
Guidance on allowable expenses and tax planning
Support during HMRC audits and enquiries

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Our Accounting Services for Contractors

Company Formation

Set up your limited company smoothly and correctly.

IR35 Reviews

Check your contracts and ensure IR35 rules are met.

Bookkeeping

Maintain precise records of all your financial transactions.

Tax Returns

Prepare and submit Corporation Tax and Self Assessment on time.

Payroll Management

Handle salaries, pensions, and deductions accurately.

VAT Services

Manage VAT registration, returns, and deadlines.

IR35 Services

Our contractor accountants provide thorough IR35 support to help you understand and manage your tax status. We review your contracts carefully to see if you fall inside or outside IR35, ensuring you pay the correct tax and avoid penalties. This service protects your business and gives you peace of mind.

Inside IR35

If your contract is inside IR35, you will be taxed like an employee. We help calculate your deemed salary and manage PAYE deductions to keep you compliant with HMRC.

Outside IR35

For contracts outside IR35, you can benefit from tax-efficient methods such as drawing dividends. We help you understand how to structure your income and keep clear records for HMRC.

Why Choose our Accountants for Contractors

Personalised Support

Work with accountants for IT contractors who understand your business and goals.

Clear Pricing

Enjoy fixed fees with no hidden costs for easy financial planning.

Tax and IR35 Expertise

Get expert advice to maximise tax savings and ensure IR35 compliance.

Time Saving

Let contractor accountants handle your accounts so you can focus on your work.

Reach us today.

If you want to take your accounting work to the next level, then reach us today without wasting time.

Book a consultation

Gives us a Call

0208 8611685

Send me Mail

info@phs-uk.co.uk

Frequently asked questions

IR35 is a tax law that decides if you should pay tax like an employee or a contractor. If your contract falls inside IR35, you pay more tax like an employee; outside IR35 means you pay as a self-employed person.

You must register for VAT if your business turnover exceeds £90,000 a year. Below that, registration is optional but may have benefits.

A contractor accountant helps manage your tax, bookkeeping, and compliance, making sure you pay the right tax and avoid penalties.

Yes, you can claim allowable business expenses to reduce your taxable profit, such as travel costs, equipment, and office supplies. .

PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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Who we help

Locations

Company number - 08670151