Your contractor accounting glossary of terms
Do you know your RTI from your PAYE? Contractor accounting can seem full of jargon and acronyms – so here’s a quick overview with our contractor accounting glossary of terms.Annual Financial AccountsAnnual Financial Accounts often referred to as Company Accounts [...]
What does a limited company accountant cost?
Being a director of a limited company, comes with additional responsibilities, like filing paperwork and accounts with Companies House and HMRC by specific dates. Failure to do so can lead to you to being penalised. Finding the time to [...]
Being paid by an umbrella company
If you’re thinking of becoming a contractor, the two main ways you can work are through your own limited company or via an umbrella company. We advise individuals who are serious about contracting or who want to work the most [...]
What to consider when choosing a business bank account
When forming a limited company, we strongly advise you to open a bank account that will be solely used for the business. Whilst, this isn’t a legal requirement, it will make managing the company’s money that much easier. It is [...]
The difference between an Umbrella and a Limited Company
If you are thinking of becoming a contractor but are unsure how to go about it, this article discusses the different ways to operate and gives pointers to help you decide which route is best suited to you. What are [...]
What does an accountant do?
A lot of contractors we’ve talked to over the last 20 years have told us one of the things that has made their lives easier has been finding an experienced contractor accountant. We’ve even been described as a contractors’ ‘best [...]