We're focused on
what you need &
what you expect

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, all of your ongoing company & personal compliance will be taken care of.

The 123 Way - simple & stress-free.

The 123 Way

What Stage Are you at?

Already Contracting - Do I Need an Accountant?

First Time Contracting

Already Contracting

Some contractors start out by thinking an accountant is an added expense that they don't need.

We believe that hiring a contractor specialist accountant is one of the best moves any contractor will make.

It's obvious that this would be our opinion, but we're going to explain why it makes so much sense with just two reasons.

Compliance

If your run a Limited Company then you have a great number of legal responsibilities, from maintaining bookkeeping records to submitting year end accounts at Companies House to Corporation Tax returns, Personal Tax returns and payroll return at HMRC.

By law Corporation Tax returns must now be submitted online in a certain format along with specially prepared year end accounts. This means you will need to purchase tax return software - in the region of £400.00 + vat per year, year end accounts production software for £200.00 + vat per year, payroll software will cost £200.00 + vat per year and bookkeeping software £200.00 + vat per year. Already you will be spending £1,000 + vat per year.

The 123 Way costs £780 + vat & includes all of the above & a lot more.

Once you have the software you will have to spend days learning how to use it and trying to understand the incredibly complex UK tax system. For every mistake you make there are a huge range of fines and penalties that could cost you thousands of pounds - HMRC will not accept the excuse "I didn't know I was meant to do that" they will simply fine you.

On top of this you are more than likely missing out on the tax reliefs that you are entitled to claim - HMRC won't tell you about them - costing you even more money. DIY is not really an option.

Why should I pay a monthly fee to a contractor specialist accountant - there is an accountant round the corner from me?

Simple - accountancy is a very complex profession and contractor's needs are very specialist, your accountant round the corner will probably not understand these requirements and they will miss many of the tax reliefs in place specifically for freelance contractors.

Adding Value

Our specialist knowledge and advice could increase your income by thousands - literally we could increase your take home pay by several thousand pounds - depending on your exact situation it could be even more.

Our fee pays for itself and what's more we can tell you how much more you will take home before you appoint us as your accountants.

Switching Accountants

Move from Umbrella to Ltd Co.

Refer Friends & Colleagues

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator

Just two reasons and you can already see why not having a contractor specialist accountant could cost you an awful lot of money, time and stress.

Have a read through the other pages in this section of our site; there is lots of information that will help to answer some of your questions. If you have more questions, check out our FAQs page or give us a call on 0845 834 0269 or drop us an email at info@123contracting.co.uk