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Top Contractor Accountants in the UK - DNS Accountants

Vidit Agarwal   15 May, 2020

Chartered Accountants for Contractors

At DNS Accountants, our team of chartered accountants takes the load and hard work of accounting out of the hands of the contractors, helping them focus on growing their business and maximizing profits.

Accountants for Contractors

Why Choose DNS Accountants?

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

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Appointing DNS Accountants - Accountants for Contractors

  • More Services - fewer Hassles – Our team of accountants for contractors is very passionate about delivering what has been committed to the clients. Our contractor accountants in UK always give the best advice, and explain things clearly and set the whole thing up to run in a streamlined, hassle-free way.
  • Earn More - pay less tax – Our specialist accountants for contractor in UK ensures that, through proper tax guidance and planning, our clients keep as much of their well-merited cash as possible and by no means pay more tax than you need to. We will set up the business and compensation structure in the most tax-efficient way possible, discuss IR35 and proactively advise on an on-going basis, in response to changes in circumstances or HMRC rules.
  • More business focus - less paperwork – Our cloud based one-stop contractor accounting solution 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
  • Work flow 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 accountants for contractors bring a fresh viewpoint to complex tax obligation issues and help create a clear, transparent approach and make sure the contractors understand the tax implications

Who is a Contractor?

A contractor is self-employed individual who work for clients for 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 them.

Our team of specialist accountants for contractors can help contractor 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 to 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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  • Film, radio and video producers
  • Graphic designers
  • Management consultants
  • Marketing and PR consultants
  • Project Managers
  • Musicians
  • Translators
  • Web designers and developers
  • Writers
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Accredited by...
  • Professional Passport Umbrella
  • Professional Passport Accountancy
  • Chartered Institute of Management Accountants
  • Freelancer & Contractor Services Association
  • IPSE