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Contractor Accountants in the UK
Accountants for Contractors
dns accountants is an award-winning firm of contractor accountants in Harrow providing accountancy and taxation consulting to contractors, delivering high quality services across UK. Our team of contractor accountants takes the burden and hard work of accounting out of the hands of the contractors, helping them focus on growing their business and maximizing profits. Our clients regard dns accountants - Contractor Accountants in as their financial and trade associates. At dns accountants, a client gets one-to-one association with our best contractor accountants.
dns associates has expertise in helping small businesses and contractors. We have been thriving in the market since 2005 with a large clientele over 1,500. DNS specializes in Limited company accounting; taxation consulting, tax investigation, tax planning and we proudly announce that all the partners and senior staff members of our team are qualified professionals or members of professional accounting bodies such as Chartered Institute of Management Accountants (CIMA), hold university degrees from well-accredited universities. With the skill set and knowledge base our team helps clients save thousands of pounds (£) in taxes and ensure they get maximum returns.
Why choose online contractor accountancy services?
dns accountants has a special package for contractors whereby they would never miss any expense claim or allowance and will be fully informed of how to maximize claims and reduce taxes.
- Ongoing bookkeeping and access to online accounting portal
- Managing general communication and queries with HM Revenue and Customs
- Forming a limited company at Companies House or set up business
- Assist with opening a business bank account
- Constant tax advice all through the year
- Completion of personal taxation requirements
- Computation and recommendation on Value Added Tax (VAT) returns and payments.
Contractor accountancy services
- More Services - fewer Hassles – Our team of online accountants for contractors is very passionate about delivering what has been committed to the clients. Our specialist contractor accountants in the UK always give the best advice, and explain things clearly and set the whole thing up to run in a streamlined, hassle-free way.
- More business focus - less paperwork – Our cloud based one-stop accounting services for contractors has already generated interest in the professional accounting community and with its quick and easy to use features we are able to give clients a 24x7x365 real-time view of expenses, tax liabilities and the available current assets. We will manage and monitor the accounts and ensure that all the client issues, whether it’s PAYE or HMRC or VAT are addressed accurately, removing the administrative burden of running a company.
- Workflow management – Important dates and the dues are communicated well in advance. We will manage all the filing activities hence; no tax deadlines will ever be missed. Our certified accountant for contractors brings a fresh viewpoint to complex tax obligation issues and helps create a clear, transparent approach and make sure the contractors understand the tax implications.
Who is a Contractor?
A contractor is a self-employed individual who works for clients for a set duration of time or until a specific task is completed. Usually contractors are paid on either an hourly basis, or a fixed fee for the contract, and the rates are generally considerably higher than they would be for an equivalent position as a permanent employee. A contractor enjoys the best of both worlds: flexibility to work and to pick assignments that appeal to them.
Our team of specialist accountants for contractors can help contractors have an idea of the kind of earnings they can enjoy as a contractor and compare it to other ways of working to help make a financially sound decision.
Why work as a Contractor?
Many people choose to practice contracting over permanent employment because of the monetary benefits of working as a contractor and the increased flexibility. These advantages carry with themselves some additional responsibilities which an individual will have to ensure to meet if they are considering moving to contracting from a permanent employment.
| Limited Company | Umbrella Company |
|---|---|
| Higher take home pay. Usually a contractor takes home around 75% - 80% of the contract amount by working through their own limited company. | Umbrella Company pays the contractor. A contractor simply enters the timesheet and expense details and waits to be paid. |
| There is a certain amount of paperwork involved, usually about 10 - 15 minutes per month. Our specialist accountants for contractors can help the contractor with this. | Working through an Umbrella company is an expensive proposition. A contractor will receive a salary that is subject to full pay-as-you-earn (PAYE). |
| A contractor can claim a wider range of expenses. Greater opportunity for tax planning than PAYE Umbrella. | Tax and National Insurance (NI). It’s just like being a permanent staff member again. Tax and National Insurance (NI) is deducted prior to receiving the money. Hence, no further taxes to pay. |
| A contractor has access to the Flat Rate Value Added Tax (VAT) scheme. | Working through an Umbrella company is ideal for short term contracts. |
| It is worth considering having an own limited company if contracting will be for at least 12 months. Can be costly if a contractor only takes short term projects. | It is worth considering having an own limited company if contracting will be for at least 12 months. Can be costly if a contractor only takes short term projects. |
| A contractor has complete control of the financial affairs as there is no third party administrator. | Ideal for contracts earning less than £25k per year. |
Few of our valuable contractors
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- Graphic designers
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- Film, radio and video producers
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Book a Free Consultation
Get in Touch
Get the best advice on tax savings, accounting services, payroll, self assessment, VAT and more, whether you want to call us directly, request a call back or chat online with our experts, rest assured that we will always give you the best advice.If you have any questions, or would like to speak to us in person, please do get in touch. We're here to help.
Head Office:
dns accountants
DNS House, 382 Kenton Road,
Harrow, Middlesex, HA3 8DP
Contact Number:
Email:
Other Offices:
- Barking Accountants
- Basildon Accountants
- Bournemouth Accountants
- Brighton Accountants
- Chancery Lane Accountants
- Guildford Accountants
- Harrow Accountants
- Haslemere Accountants
- London Accountants
- Maidstone Accountants
- Melksham Accountants
- Milton Keynes Accountants
- Nottingham Accountants
- Wales Accountants
- Warwick Accountants
- Wigan Accountants
Award winning experts trusted by many
We're proud of our clients and their success. Find out more about them and
the help and support we provide.
Here’s what our clients say
“I recently started my own company and in need of a good accountant. With my friends reference, I started dns accountancy services and I am a quite satisfied with their service. My account manager Sneha Gurudutta was always responsive and guided me a lot especially during my company early days. Keep u the good work.”
Here’s what our clients say
“I have been dns for the last 3 months and I am very happy with the service. My account manager Sneha Gurudutta guided me and helped me with all the major/minor steps with the account setup. The weekend support they provide is really helpful. I would definitely recommend dns to all my friends.”
Here’s what our clients say
“Unfortunately my son passed away without leaving any contact name of his accountant. I was able to make contact with the firm through HMRC. The staff were very prompt, caring and supportive in settling his income tax account. I was extremely impressed with the efficient caring and supportive service received from all of dns staff.”
Here’s what our clients say
“Been with dns Accountants for more than a year I would highly recommened their services. My account manager Sneha has been very helpful and helped with accounts and queries swiftly always! Having a good accountant means you can fully focus on your business, not worry about accounts and tax matters. Thank you dns :-)”
Here’s what our clients say
“I have been extremely satisfied with the service I have been receiving close to past 1 year. Very professional, transparent and helpful. Special mention of my Account Manager Minakshi Arora who made my transition very smooth and always ready to go that extra mile to support and make customer happy. Definitely recommended.”
Here’s what our clients say
“I've recently set up a Ltd. Company and signed up with dns for my accounting services. I've found it very good value for money and hugely helpful in terms of advice and guidance. I have a named Account Manager, Sneha Gurudutta, who keeps in contact with me and offers advice on line and on the phone... I'm really pleased with the service.”
Contractor Frequently Asked Questions
A contractor accountant we can consider as an accounting firm specialising in accountants for contractors. When you start your own contractor company, you require a contractor tax accountant to run your contractor business according to the accounting law and obligations. It is essential to find an accountant for the smooth process of entering the contracting world.
Contractor accounting costs can start according to the requirement and go up with the services included per month. You can pay per month, depending on the services you are getting. It also may vary depending on the firm packages. To know the package details, click here.
There is no legal requirement to hire an accountant for sole traders, but accountants can be a valuable support system for sole traders. In case you are unable to handle your accounts alone, then you must have to hire an accountant. Hiring an Accountant does not mean they will help with tax returns only, but they are essential for easy bookkeeping and other accounting affairs. They will help to maintain sole trader income and expenditure details.
A financial contract is a contract between two parties with a signed agreement by both parties. One party provides the other with something of value, and the other repays it with interest.
A freelance accountant offers a high quality of work and helps to maximise your earnings. Hiring a good accountant can be a key to the success of a freelancer's business. In the UK, freelancers cover a good percentage of the UK workforce without an accountant. The importance of an accounting role in freelancing is that they can provide result-oriented business advice in terms of both tax and accounting.
Construction accounting is the Method of assigning costs to specific contracts. In the construction business, the revenue is recorded by the accounting method. The focus of construction accounting is to track materials and labour. It also helps contractors manage their job costing, change orders and revenue recognition.
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