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, an accountancy practice, who you can rely on to make sure that monetary operations run as smoothly as possible.

People shaking hands
Inclusive insurances
Highest level of service
Fully compliant with legislation
No hidden costs
Dedicated team of experts

All-inclusive Limited Company accountancy - what is included?

ACCOUNTING

Limited company formation
Registration onto relevant company tax schemes

Access to FreeAgent - Online accounting software

Monthly bank reconciliation

Quarterly VAT returns

Monthly payroll

Confirmation statement

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

CONTRACTOR INSURANCE*

Public liability insurance
Professional indemnity insurance

Employers liability insurance

SUPPORT

Direct-dial & e-mail to a dedicated accountant
Quarterly call with a dedicated accountant

Professional website and email address

ADDITIONAL CHARGES

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.

As experts in this field, our accountancy practice can advise you on your liabilities whilst complying with HMRC. You may also be able to claim for a wide range of expenses 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 work 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.

Calculate your take-home pay

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The ICS contractor tax calculator has been designed specifically with contractors in mind. By entering just a few basic details into the tax calculator above, you can quickly and effectively see how much you could be earning by working as a contractor through ICS Umbrella, our umbrella company or as your own limited company using ICS Accounting. These calculations are based on the assumption that you work 48 weeks per full tax year. With the umbrella solution, no expenses are worked out in this calculation. For more information on claiming expenses through our Umbrella solution, please contact one of the ICS Accounting team.