Self-employed and contractual work has been a huge factor in the recovery of the UK economy with the level of self-employment increasing by around 730,000 between 2008 and 2015: rising from 3.8 million to 4.6 million.
With so many millions of people working like this across the capital, it is essential you hire a specialist contractors accountants in London.
Be in the know
Contractors often pay less tax and take home a bigger portion of their wages however it is very important to know your exact status, crucially that you are not actually a 'disguised employee'.
Your status will be determined by the actual working arrangements you have with the organisation. These will then determine whether you will fall under IR35 (Intermediaries Legislation) tax legislation which could see you paying higher taxes and N.I contributions.
We have the expertise and knowledge to help with this and to keep you out of the scope of IR35.
Not only do we have the most up-to-date knowledge so can advise you on the best tax breaks, we will work hard to save the most money as possible, while keeping fully compliant with HMRC.
If you are an existing contractor or freelancer a more beneficial way forward is to use a Limited company over an Umbrella company. It is the most tax efficient way ensuring you keep more of your hard-earned money. At True Dynamic we believe a limited company has the following advantages:
Complete control of your financial affairs
Access to the Flat Rate VAT scheme
You are your own boss.
All our clients, whether they are a sole trader or the director of a large company, get their own dedicated account manager.
Our offices are open six days a week and we will always be here to hear your concerns, answer any questions or offer advice should you want it. You will always have someone experienced and qualified to talk to.
To see if other clients are happy with our services please take a look at some of our testimonials.
Be your own boss
The joy of being a contractor lies in being able to work where and when you chose, and for companies that suit you. You'll get to work on a range of varied projects and very often the pay can be higher than that of permanent workers in the same position.
The flip side of course is that you are essentially running your own business which means you will have administration work to deal with. However if you hire an accountant at True Dynamic we can help with all administration work, saving you lots of time and effort.
If you're thinking of becoming a contractor or you are in need of a specialist contractors accountant in London who knows your specific needs then call us today on 020 7702 4100 or email [email protected]
Services we provide include:
Accounts (financial statements)
International business consultancy
Personal tax return
International payroll services
Register overseas company branch in UK
Tax & VAT investigations
Tax refunds/CIS refunds
IR35 & S660A Advisory
Jason Fox is an experienced contractor accountant. He has vast experience in Accounting. He lives in london.If you have any query of accounting related you can contact with him.