CONTRACTOR ACCOUNTANCY

Package Details and Comparison Table

Contractor Accountancy Packages ComparisonAccountancy PremiumAccountancy PlusAccountancy Pro
Minimum Contract6 Months6 Months12 Months
Monthly Fee£190 + VAT£150 + VAT£110 + VAT
1st Months discounted fee (payable on engagement)£95 + VAT£75 + VAT£55 + VAT
Set Up
Incorporation of your Limited CompanyYesYesYes
Use of our prestigious King Street address as your Company’s Registered OfficeYesYesNo
Private Banking with fast track account set upYesYesNo
Registration for PAYE and Corporation TaxYesYesYes
Contract setup with Recruitment Agency/Client (where necessary)YesYesNo
Company Insurance (Employers’ & Public Liability, Prof. Indemnity)Included (Usually £400 if bought separately)No (but access to discounted rate)No (but access to discounted rate)
Assessment of your IR35 StatusDetailed ReviewInitial ReviewInitial Review
Ongoing Support
Dedicated Accountant for your CompanyYesYesNo
Use of Online Portal and mobile appYesYesYes
Act as Agent with HMRC for all taxesYesYesYes
Handle all HMRC correspondenceYesYesYes
“Available to draw” calculationsYes1 per monthNo
Monthly Payroll Processing and associated Real Time InformationYesYesYes
Quarterly Support
Portal Review including production of Dividend VouchersYesNoNo
Personal Tax advice and planningYesNoNo
Advice on most appropriate VAT scheme and registrationYesYesNo
Prepare and submit VAT returnsYesYesNo
6 Monthly Support
Portal Review including production of Dividend VouchersYesYesNo
Prepare and submit VAT returnsYesYesNo
Annual Support
Prepare and submit statutory Company AccountsWithin 3 monthsWithin 6 monthsWithin 9 months
Prepare and submit Corporation tax returnYesYesYes
Prepare and submit Annual returnYesYesYes
Director Support
Walker Smith Health & Discounts PlanSilver (£900 of health care benefits per year)Bronze (£575 of health care benefits per year)No
Registration for Self AssessmentYesYesYes
Prepare and submit your Self Assessment Tax return (Usually £150-£250)YesNoNo
Accountants References (Mortgage, Tenancy, Character & Basic Visa)YesNoNo