Contracting gives you freedom, but it also makes you responsible for your own accounts, corporation tax, payroll and personal tax. Get the setup right and it is highly efficient. Get it wrong and you pay more than you need to.
We look after contractors across the UK, keeping your company compliant and your pay structured sensibly, with one team that sees the whole picture.
The tax challenges contractors face
- Running a limited company alongside the day job of contracting
- Structuring salary and dividends efficiently as rates and allowances change
- Understanding IR35 and whether a contract is inside or outside
- Claiming the right expenses without overstepping the rules
- Keeping on top of several deadlines at once
What we help with
- Year end accounts and your corporation tax return
- An efficient salary and dividend mix reviewed each year
- Director Self Assessment handled alongside the company
- Payroll for your director salary
- Guidance on IR35 and contract status awareness
- Reminders for every deadline and payment
Common mistakes to avoid
Taking money out of the company without planning the tax
Ignoring IR35 status until it becomes a problem
Claiming expenses that do not meet the wholly and exclusively test
Missing the dividend allowance cut and the rise in dividend tax
Useful tax tips
- Review your salary and dividend mix every year, as allowances change
- Keep business and personal spending completely separate
- Understand whether each contract is inside or outside IR35 before you sign
- Set aside corporation tax as you go so it is never a shock
Example scenario
A contractor paying themselves the smart way
An IT contractor had been taking an ad hoc mix of salary and dividends. We reviewed the position, set an efficient salary, planned dividends around the allowances and made sure corporation tax was budgeted. The result was a clearer, more efficient structure with no nasty surprises at year end.
Frequently asked questions
Should I contract through a limited company?
For many contractors a limited company is efficient, but it depends on your rate, your contracts and IR35. We give you a straight answer for your situation.
Do you advise on IR35?
We help you understand IR35 and whether a contract looks inside or outside, and we keep your accounts and pay structured accordingly.
How should I pay myself?
Usually a mix of a modest salary and dividends, reviewed each year around the allowances. We work out an efficient, compliant approach for you.
Do you work with contractors nationwide?
Yes. We support contractors across the UK online.