For IT contractors
Tax help for IT contractors.
You move from contract to contract, often through your own company. We'll keep your company and your own tax in order.
Sound familiar?
Inside or outside IR35?
Every new contract raises the same question. What does it mean for your pay?
Limited company or umbrella?
Which set-up suits you, and when is it worth a change?
Contracts ending and starting
Gaps between contracts, notice periods and new clients to set up.
Every contract shapes your business.
Some IT contractors stay with one client for years. Others move between shorter contracts, take on project work, or build a small consultancy alongside their day rate. The right set-up can look quite different from one contractor to the next.
We'd like to understand the work you do, how your contracts tend to run and what you're planning next. Then we can help with the bigger decisions, from IR35 to how you pay yourself, with advice that fits your situation.
What we do for you
We take care of it all.
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Your tax returns, done and filed
Your company accounts, Corporation Tax and your own tax return, all on time.
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Your expenses, sorted
Your laptop, software and phone, plus a share of home costs if you work from home.
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Your books on Xero
Invoices, payments and your company bank feed in one place, set up and kept tidy.
One useful answer
Does IR35 apply to my next contract?
It depends on the contract and how you'll really work, not on you as a person. Who controls your work, and whether you could send someone in your place, both count. We can review the contract and your working practices, so you know where you stand.
More answers for IT contractorsI have been using Effective Accounting for the past 6 years and it's a pleasure working with them. I would highly recommend anyone to get in touch as they provide a friendly professional service.
Quick questions
What's the difference between a limited company and an umbrella?
With an umbrella company, you become its employee and it pays you through payroll. With your own limited company, you run the company. We'll talk through which suits you.
How should I pay myself from my company?
If you're outside IR35, you can usually pay yourself a mix of salary and dividends. We'll set out a plan with you each year.
What happens if I'm inside IR35?
You're taxed much like an employee on that contract. We'll make sure your pay and tax are set up right for it.
Hand over your tax return this year.
Tell us a bit about your work and we'll take it from there.