More people than ever are choosing to become Contractors or Freelancers, this trend may be being driven through changes in working practices, more freedom of control or simply the draw of being your own boss.
That said in recent years contracting and freelancing has become one of the most complex areas of accountancy and taxation, positioning itself outside of tax legislation for self-employment and limited companies with IR35, S660a known income shifting and BN66. All of which are now being vigorously enforced by the HMRC to recover the two billion or so tax deficit.
As contractor accountants Shires has vast experience in working with Contractors and Freelancers across many sectors and provides clients with a full range specialist accountancy, taxation, testing and advisory services.
Our Contractor and Freelancer Services Include:
Contract drafting, review and Advice
Employment status testing
Incorporation of a company
Share allocation advice
Preparation and submission of annual company accounts to HMRC
Preparation and submission of the company’s corporation tax return
VAT registration, returns and year end
Payroll and PAYE
Completion and submission of director’s Self-Assessment Tax Return
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