Specialist Accountants for Contractors

Latest Testimonial

Pearl Accountants are unique as you can get. They have a great one to one service and they always answer your queries in a fast and professional manner.

I find Pearl when I opened up my limited company. I was clueless, but Pearl Accountants kindly assisted me in the best way so I felt at ease and understood how the operation works.

Everything was explained clearly in detail and I could ask as many questions as I wanted. They were never rude or impatient, just happy to be there to help.

Naila Mughal

Naila Mughal Entertainment

We Have Hundreds of Contractor Clients! No Seriously..

Pearl’s many years of accounting experience means that we can provide a great specialist accounting service for contractors.

A specialist accounting service built for the modern contractor where management of your accounts and full compliance with free IR35 basic review and company setup is provided by our experts.
With Pearl, you’ll get a dedicated accountant who’ll know how to:

  • Maximize your take-home pay
  • File your accounts and tax returns to HMRC
  • Offer you advice on Contractor Business models
  • A choice of accounting software to make bookkeeping easier
  • Monthly Managed Accounts
  • IR35 Compliance
  • Statutory Year End Accounts
  • Self-Assessment Tax Returns

We have special rates if you need to take out contractors insurance.

We’ll get to know you and your business so we can give a service built around your specific needs.

IR35 rules and regulations are provided by Pearl’s accounting experts.

  • Maximize your take-home pay
  • File your accounts and tax returns to HMRC
  • Offer you advice on Contractor Business models
  • A choice of accounting software to make bookkeeping easier
  • Monthly Managed Accounts
  • IR35 Compliance
  • Statutory Year End Accounts
  • Self-Assessment Tax Returns

We’ll get to know you and your business so we can give a service built around your specific needs.

Moving from permanent employee to contractor

Working as a contractor has advantages over working as an employee including greater job satisfaction and more take-home pay. Note that a contractor has ‘contracts’ for jobs that are to be undertaken and contractors are bound to complete all work promised to the client under this contract. However, the contracting rules can make it incredibly complicated and specialist advice should be sought.

Contractor Business Model

The key decision when starting out as a contractor is to decide what type of business model you will follow. This is an important choice as it will affect how much tax you will eventually pay. Our expert contractor accountants can advise you on the best options.

Limited Company

A limited company gives contractors “limited” liability which means that they are not personally liable for any financial difficulties faced by the company. The company is a separate legal entity i.e. if your company goes bankrupt your personal assets will not be affected. A limited company can claim business expenses which can include equipment, mileage allowance, business trips, stationary etc. Business expenses are deducted from the company’s profit meaning that you will end up paying less tax at the end of each tax year. Note that a Limited company also pays Corporation Tax.

Partnership

When two or more people work together as a single company – similar to a sole trader structure.

Sole Trader

The easiest and most straight forward option for contractors as there is no separation between you and the business and all profits are yours. Note that clients are less likely to work with contractors who are sole traders though.

Umbrella Company

An umbrella company deals with things like sending invoices and chasing payments making you, the contractor, an employee of this company. It is a simple solution for contractors but you will pay higher taxes due to the fact that you are an employee and not a contractor.

Advantages and Disadvantages of Contracting

Advantages of Contracting?

  • Higher Pay and more take-home money
  • Lower taxes through expert advice from our specialist contractor accountants
  • Greater job satisfaction
  • Longer and more secure contracting projects
  • Greater freedom as to when and where to work
  • Being your own boss

Disadvantages of Contracting?

  • Manage your own business and assume all director responsibilities
  • Finding contract work reducing job security
  • Travelling a lot more to new contracting clients
  • Staying in contract as much as possible to ensure financial security
  • Work to deadlines which can be stressful
  • No employee holiday benefits
  • IR35 compliance to ensure that all rules and regulations followed

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FREE BROCHURE DOWNLOAD

Watch our quick introduction Video

FREE Brochure Download

Download our FREE Brochure for Contractors

Included in our Brochure:

  • IR35 Explained
  • How to Save Tax
  • Advantages and Disadvantages
  • Contractor Obligations & Responsibilities
  • Much more..

OUR OFFICES

OUR OFFICES

staff@pearlaccountants.com

020 8582 0076

LONDON ACCOUNTANTS

We have offices all over the London area, including Covent Garden, which gives you a central accountancy hub in London’s famous West End district. As a London accountants, we offer professional accountancy services to clients all over the nation’s capital and the surrounding areas, working with a range of businesses, sole traders, startups, landlords, and contractors in order to streamline their tax liability and bookkeeping procedures.

Ground Floor, 90 Long Acre Covent Garden, London WC2E 9RZ

EAST LONDON ACCOUNTANTS

Our East London accountants firm gives those in East London access to some of the finest accountants around. Our accountants in Canary Wharf is right in the heart of London’s financial district. We work with clients of all shapes and sizes, including small-to-medium-sized businesses, startups, landlords, and contractors. Our professional East London accountants pride themselves on their expertise and work ethic, providing you with stellar customer service every time.

29th Floor, One Canada Square, Canary Wharf, London, E14 5DY

HOUNSLOW ACCOUNTANTS

Pearl Accountants has offices all over London, with one of our most prominent offices being located in Hounslow, West London. We are experienced accountants in Hounslow, acting as business growth accountants for the majority of our clients due to our ability to scale businesses and help to drive their growth. We are dedicated to serving companies of varying sizes, from individual sole traders to small and medium-sized businesses across the UK.

Quest House, Ground Floor, 125-135 Staines Road, Hounslow TW3 3JB

KINGSTON ACCOUNTANTS

We have over 30 years of accounting experience in the Kingston area, using our eclectic combination of traditional accounting processes and innovative accounting software in order to bring our customers the very best in accounting and customer service. We act as business advisory accountants, providing our customers with consultations that advise them on the best ways to grow their business while keeping their accounts and tax liabilities in order.

Causeway House, 13 The Causeway, Teddington, Kingston TW11 0JR

HARROW ACCOUNTANTS

We are one of the most prominent accountancy firms in London, with offices all over London. As a result, one of our offices is based in Harrow, and is located around the Park Royal area. Pearl Accountants has over 30 years of experience as Harrow accountants, serving our clients and helping them to succeed in their personal and professional lives.

Suite 618, Crown House, North Circular Road, Park Royal, NW10 7PN

STAINES ACCOUNTANTS

Our accountants in Staines are here to serve you, with our 30 years of experience in providing bespoke accountancy services for landlords, businesses, contractors, startups, and much more. Here at Pearl Accountants, we specialise as business advisory and business growth accountants, meaning that we have the accountancy knowledge, expertise, and experience to provide commercial consultations and advise you on how to grow your business whilst minimizing your tax bills simultaneously.

Rourke House Watermans Business Park The Causeway Staines TW18 3BA

LONDON ACCOUNTANTS

We have offices all over the London area, including Covent Garden, which gives you a central accountancy hub in London’s famous West End district. As a London accountants, we offer professional accountancy services to clients all over the nation’s capital and the surrounding areas, working with a range of businesses, sole traders, startups, landlords, and contractors in order to streamline their tax liability and bookkeeping procedures.

Ground Floor, 90 Long Acre Covent Garden, London WC2E 9RZ

EAST LONDON ACCOUNTANTS

Our East London accountants firm gives those in East London access to some of the finest accountants around. Our accountants in Canary Wharf is right in the heart of London’s financial district, making it an ideal home for our accountancy firm. We work with clients of all shapes and sizes, including small-to-medium-sized businesses, startups, landlords, and contractors. Our professional East London accountants pride themselves on their expertise and work ethic, providing you with stellar customer service every time.

29th Floor, One Canada Square, Canary Wharf, London, E14 5DY

HOUNSLOW ACCOUNTANTS

Pearl Accountants has offices all over London, with one of our most prominent offices being located in Hounslow, West London. We are experienced accountants in Hounslow, acting as business growth accountants for the majority of our clients due to our ability to scale businesses and help to drive their growth. We are dedicated to serving companies of varying sizes, from individual sole traders to small and medium-sized businesses across the UK.

Quest House, Ground Floor, 125-135 Staines Road, Hounslow TW3 3JB

KINGSTON ACCOUNTANTS

We have over 30 years of accounting experience in the Kingston area, using our eclectic combination of traditional accounting processes and innovative accounting software in order to bring our customers the very best in accounting and customer service. We act as business advisory accountants, providing our customers with consultations that advise them on the best ways to grow their business while keeping their accounts and tax liabilities in order. Our accountants in Kingston upon Thames are dedicated to helping you exceed with your business.

Causeway House, 13 The Causeway, Teddington, Kingston TW11 0JR

HARROW ACCOUNTANTS

We are one of the most prominent accountancy firms in London, with offices all over London. As a result, one of our offices is based in Harrow, and is located around the Park Royal area. Pearl Accountants has over 30 years of experience as Harrow accountants, serving our clients and helping them to succeed in their personal and professional lives.

Suite 618, Crown House, North Circular Road, Park Royal, NW10 7PN

STAINES ACCOUNTANTS

Our accountants in Staines are here to serve you, with our 30 years of experience in providing bespoke accountancy services for landlords, businesses, contractors, startups, and much more. Here at Pearl Accountants, we specialise as business advisory and business growth accountants, meaning that we have the accountancy knowledge, expertise, and experience to provide commercial consultations and advise you on how to grow your business whilst minimizing your tax bills simultaneously.

Rourke House Watermans Business Park The Causeway Staines TW18 3BA

Accountants London
Company Registration No. 07078392