Our services for London contractors
Professional Accountants in London
We are a chartered accountants service which has operated in and around London for over 30 years. We serve a range of clients in London, though we are primarily an accountants for contractors, businesses, startups, and landlords. Our dedicated team of multilingual accountants in London ensures that you receive the help and customer service you require, furthering our reputation as a top-notch London accountants for contractors and businesses.
Contractor accountants in Covent Garden
As London accountants for contractors, we see to it that your company is set up (if applicable) and we also help you with a free-of-charge IR35 basic review too.
Our contractor accountants in Covent Garden can effectively:
- Minimize your tax liability
- File your tax returns and accounts with HMRC
- Consult you on contractor business models
- Give you free access to the Quickbooks software
- Manage your accounts
- Promote IR35 compliance
- Manage your statutory year-end accounts
- Process your self-assessment tax returns
There are many different types of contractor, which we why Pearl Accountants tailor our services to meet your needs. Our personalised service is what makes us one of the best accountants for contractors in London.
Advice for new contractors
Our contractor accountants in Covent Garden can provide new contractors with a range of information on their new employee status, advising them on the best way to set up their business in order to avoid overpaying taxes. Our professional advice allows you to maximize your take-home pay and choose a business model which suits you, solidifying our reputation as one of the best London accountants for contractors.
Different types of contractor business model
As aforementioned, contractors can set up their business in a number of ways, all of which have their own pros and cons in terms of accountancy. Our highly experienced accountants for contractors in London can help you to choose the model which best suits your work and which best minimizes your tax liability.
This model means that you’re not personally liable if your company goes bankrupt. You remain a separate entity from the company, which could be of use for some contractors, especially if their work can be a little risky in terms of profits and losses. Bear in mind, however, that a limited company must pay corporation tax like any other company. Our contractor accountants in Covent Garden can advise you on all of this and much more.
This model essentially treats you as the business, meaning that there is no separation between you and your business. This is especially convenient for people with simple businesses who have very few overheads or expenses to consider.
This is essentially a sole trader business model, except that two people (i.e. partners) are involved.
This model essentially makes you an “employee” of the umbrella company. This can mean that you’ll pay more in personal taxes, as you are no longer subject to the tax breaks and tax deductions that self-employed contractors have.