Accounting Services for Contractors

Fixed price accountancy services for contractors and freelancers.

Company accounts, tax returns, VAT returns, bookkeeping services, payroll services and self assessments with a fresh approach, focused on service levels and proactive advice.

We are best known for our all-inclusive unlimited service plan, which includes all accounting services required by a UK business and more for a fixed monthly fee.

online bookkeeping services

We provide company accounts, tax returns, VAT returns, bookkeeping servicesself assessments, payroll services and more to sole traders, limited companies, partnerships, limited liability partnerships, small businesses, contractors and individuals across the UK. We are best known for our all-inclusive unlimited service plan, which includes all accounting services required by a UK business and more for a fixed monthly fee.

Bookkeeping Services

Fully managed bookkeeping service allowing you to run your business.

Financial Reports

Financial reports that help make better business decisions and identify tax savings.

Payroll Services

Payroll service that is completely managed from beginning to end.

Our signature all inclusive accountancy package

More Than Accountants specialises in an accounting package that aims to boost your company’s profitability while lowering your tax bill.

This package includes all of your accounting needs and more. Bookkeeping on a monthly or quarterly basis, company accounts, VAT returns (if applicable), management reports, regular tax reviews and advice, and self-assessments. All completed using Xero accountancy software.

Unlimited Telephone and Email Support

No question is too big or small; no concern is too insignificant.

True unlimited accounting package that covers all of your accounting needs with no hidden costs. We guarantee a maximum three-hour response time to your enquiries.

Unlimited telephone & email support

Never any hidden costs

Guaranteed 3 hour response times

What "extras" are included in the fixed monthly fee?

We want to help you grow your business while also lowering your tax burden.

We provide you with quarterly or monthly management reports using Xero Accounting Software and Dext Receipt Reading Technology, allowing you to make informed company business decisions and allowing your accountant to provide you with regular tax guidance.

Monthly or Quarterly Management Reports

Xero & Dext Included

Regular Tax Advice

Switching Accountant - Easy Transition

Want To Join Us? We take care of everything!

We quickly take over all of your accounting needs once you give us the green light. If necessary, we will contact your prior accountant on your behalf, with the goal of bringing your accounting and tax situation up to date as quickly as possible.

We contact your current accountant on your behalf.

We make contact with HMRC to get approved as your accountant.

You keep doing what you love, which is running your business..

Trusted by 1000+ small to medium sized businesses across the UK

Learn what it’s like to utilise More Than Accountants’ all-inclusive unlimited accountancy service from a few of our customers.

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Frequently Asked Questions

Contractors are not required to utilise an accountant, just as clients are not required to use contractors. And for most contractors, paying their accountants is more cost effective than losing a couple of days’ worth of fees per month by doing the accounts themselves.

Many contractors work through limited businesses since it is the most tax-efficient way to do business, especially if you are not subject to the IR35 regulations.

Others who don’t want to deal with paperwork, are contracting for a short length of time, or are subject to IR35 may prefer to contract through an umbrella business because it is a “hassle-free” option.

So, what are the benefits and drawbacks of forming a corporation?

Benefits of Limited Liability Companies

  • Working as a contractor for a limited company is more tax effective than working as a contractor for an umbrella company. Limited business contractors generally take a minimal wage (to reduce PAYE and NIC obligations) and withdraw the rest of their earnings as dividends. On corporate dividends, no NICs are due.
  • If you are subject to IR35, the benefits of incorporation are much diminished, although you may still be able to profit from the flat rate VAT scheme and the 5% costs allowance. You’ll need to check with your accountant to see if you’re eligible.
    If you have other business interests and want to project a ‘professional’ image for your company, having a company will be beneficial.
  • If something goes wrong, your personal culpability as a director is restricted, as the name implies. One exception is if the corporation asks you to personally guarantee a bank loan.
  • As a director, you have complete responsibility over the company’s financial and administrative issues.
  • You can divide ownership among a number of people by creating multiple share classes, which can be handy for tax planning, attracting investors (if you diversify your firm), or dividing ownership among a lot of people.
  • Owners of limited companies have more control over their remuneration. You can decide on the best pay and dividend split, as well as when to take money from the corporation.
  • A limited business can be easily sold or handed on to future generations because it is a legal entity in its own right.
    If you sell your firm and have accumulated capital within it (which is rare for the normal contractor), you may be eligible for the Entrepreneurs’ Relief scheme, which allows you to pay only 10% CGT on share sale proceeds if you have owned the shares for a year or longer.

Limited companies have a number of drawbacks.

  • Working through an umbrella company requires less administration than running a business (although typically your accountant will take most of this burden away from you).
  • Company filing fees, accountancy fees, stationery, and one-time legal and administration expenditures are some of the costs connected with starting a business.
  • Your business must file Annual Accounts with HMRC and Companies House each year, as well as a Confirmation Statement (formerly known as the ‘Annual Return’).
  • Even if your accountant does these tasks, as a company director, you are ultimately responsible for ensuring that your accounts are completed appropriately and presented on time.
  • If you provide contract services through a ‘intermediary’ (your limited business), the IR35 legislation may apply to relevant assignments if you have not taken the necessary steps to ensure compliance. Being caught up in IR35 has serious financial ramifications.
  • Someone wanting to take on a short-term contract may not want to go the limited company way.