Limited Company Accountants
All-Inclusive Accountancy for Contractors
When running a successful limited company, you can find yourself hoping for a better work-life balance, flexibility of work for personal arrangements or preferences, and greater salary rates. So, rather than using your precious free time for accounting work, put your trust in ICS Accounting, a specialist contractor accountant you can rely on to make sure that monetary operations run as smoothly as possible.
All-inclusive Limited Company accountancy - what is included?
Limited company formation
Registration onto relevant company tax schemes
Access to FreeAgent - Online accounting software
Monthly bank reconciliation
Quarterly VAT returns
Year-end financial statements
Corporation tax return
Year-end payroll returns
Director and shareholder self-assessment tax return
Pension auto-enrolment service
Access to financial products
Unlimited IR35 contract reviews
Public liability insurance
Professional indemnity insurance
Employers liability insurance
Direct-dial & e-mail to a dedicated accountant
Quarterly call with a dedicated accountant
Professional website and email address
Additional self-assessment tax return
Monthly bookkeeping service
Access to ICS Umbrella solution
References for mortgages etc
*(if you wish to do so, you can benefit from our block policy insurance)
Is a Limited Company best for me?
If you plan on being a contractor long-term or generating a significant rate for your services, then a limited company may be the best solution for you. Running your own business opens many doors to new opportunities and increased financial rewards but does also introduce statutory and financial obligations such as submitting annual accounts to Companies House, company tax returns and meeting HMRC deadlines.
Appointing a specialist contractor accountant with proven experience and also being a member of professional accounting associations will give you the confidence that your finances are in the best hands.
Benefits of operating through a Limited Company
Alongside the benefit of increased control and flexibility within your business, one of the main draws of operating this way is that it can be more tax-efficient. In terms of remuneration, you pay yourself in the form of a basic salary, and the remainder is drawn down in the form of dividends (which are not subject to National Insurance contributions).
As experts in this field, ICS Accounting can ensure that your liabilities are minimised whilst complying with HMRC. Other ways you will benefit from taking this route include a wider range of expenses claimable such as training, equipment and software costs.
The benefits of trading as a limited company are not limited to tax factors, in fact, one of the main benefits of operating this way is that your personal assets will not be at risk. Limited companies are also great for reputation and professionalism, with many larger companies reluctant to working with those that are not limited and can, in fact, be a way to make your business a more attractive purchase option should you decide to sell.
Contact ICS Accounting Today
At ICS Accounting, we specialise in offering contractor solutions, including a wide range of accountancy and tax advisory services to ensure you and your limited company are operating in a compliant manner. We have supported thousands of businesses and our professional team are available to discuss your options. To learn more about which option is best for you, simply get in touch with us today by calling 0800 195 3750.
How can ICS Accounting help?
As a contractor with a limited company there comes responsibilities; any errors result in unnecessary paperwork and could be liable to a fine from HMRC.
At ICS Accounting, we specialise in offering contractor solutions, including a wide range of accountancy, administrative and tax advisory services to ensure you and your limited company are operating in a compliant manner.
As a business with compliance at the centre of everything we do, ICS Accounting has also supported a large number of contractors affected by IR35 - if you find yourself in this situation, contact us and we can discuss your options.
We want to give you the information you require and support you in making the right decision by offering advice about the options available to you as a contractor.
You can contact us at any time on 0800 195 3750. Our team of limited company accountants and consultants are always on hand to answer any questions that you may have.