Accountancy & Tax Services For Contractors
With more than 20 years of combined experience dealing with freelancer and contractors, we have all the knowledge and expertise required to get you started and going in no time.
We provide prompt and efficient services in every aspect of forming and running your company. With company formation within less than *three working hours and utilising our contacts with HSBC and Natwest, be rest assured that you can start contracting the same day.
Accountancy & Tax Services For Small & Medium Sized Business
We have a special dedicated small business team which has expertise in dealing with all aspects of businesses which include budgeting, bookkeeping, VAT, Tax, Payroll and Accounts preparation.
Our team of experts ensure that the business owners are provided with Management reports to know about the position of their business and that all their queries are answered promptly and in a satisfactory manner.
At Adroit, Accounting services involves much more than just filling out tax forms at the end of the year. It is about the partnership that we build to provide business and tax advisory solutions in addition to keeping accurate financial records for individuals, small businesses and large companies.
We are a growing practice who strongly believes that one size does not fit all, hence our range of accounting and tax solutions are tailored for individual requirements. We strive to build a connection and lasting relationship with our clients and therefore our professional advisors and experts meet all our clients face to face to understand their business and conduct their tax planning while ensuring that tax cost is minimised and all available tax reductions have been benefitted from. Moreover, the dedicated Account Managers of our clients answer their queries personally and promptly because we work hard to provide excellent customer service.
We hold honesty as a core value of our Company that defines how we do our business and help us to be distinctive in this competitive sector. For us honesty means to set a high standard of service and quality and deliver it 100% of the time. Our purpose of holding this value is to give unbiased advice to our clients focusing on their profitability as that in return can help us to achieve sustainable success and growth, instead of short term success.
If you provide services through your own personal service company you will be aware of the tax law known as IR35. This tax rule imposes an extra charge on your company, if you would be treated as an employee of your customer or customers, if you worked for the customer directly. It is very difficult to pin down when IR35 should apply, as it depends on the relationship between the contractor and the customer, which will be different in every case.
The Taxman thinks he can generalise about what makes some companies fall within IR35 and other escape it. He has drawn-up a set of business entity tests, complete with a scoring system, to help you judge whether your business would be at high, medium, or low risk of being investigated for falling under IR35.
These business entity tests are not derived from the tax law. They merely represent the Taxman’s view of the risk of a business falling within IR35.
The scoring attached to the tests is controversial, as it penalises businesses that have no bad debts, never pay to advertise and operate from the owner’s home. These IR35 business entity tests do not change the IR35 law one bit, and will probably be ignored by the Tax Tribunal.
If you choose to use the IR35 business entity tests, you don’t have to declare your score to the Taxman, the tests are merely for your own guidance. However, if you are concerned that the business entity tests produce a high risk score for your businesses, we should discuss why this is the case. Are they any changes which can be made to the way your business operates which would make it less likely to be caught by IR35?
We can advise you on the correct tests for IR35, which would be recognised by the Tax Tribunal, so do ask if you would like some reassurance.
IR35 Booklet from QDOS click here