Our team has years of experience working in the contractor market catering for clients in oil & gas, information technology and other specialised industries.
If you’re just starting out as a contractor we can get a limited company up and running within 24 hours and guide you through the full process to enable you to start working through your limited company. We will then put together a custom tax illustration telling you exactly how much money to take out of your company each month, along with clearly explaining what expenses you can/can't claim.
Getting Set Up
We've put together a handy infographic which shows you the different stages of getting you set up and ready to start running your company tax efficiently:
- Click here to view our infographic or right click and hit "save as" to download a PDF directly to your computer. You may want to zoom out a little when viewing.
We actively encourage all of our clients to use our FreeAgent online accounting software. This links securely into your company bank account and all the transactions are downloaded automatically. All you need to do is explain the transactions - for example if you see £45.99 from Vodafone then you would choose "telephone". If you're comfortable doing this for 15mins every weeks then you're the right kind of client for us - see our video below:
If you’ve been contracting for a number of years and looking to switch accountant then you’re going to be quite familiar with how things work and have a good idea of what you want out of an accountant. You may think that transferring accountant would be a nightmare but it's actually pretty easy. We've put together an infographic which shows you the different stages of the transfer process:
- Click here to view our infographic or right click and hit "save as" to download a PDF directly to your computer.
We are experts in all online software packages (FreeAgent, Xero, Kasflow, Quickbooks etc.) and we also cater for clients who prefer to use their own spreadsheets.
If you're looking for a tech focused accountant to give you fast response times, proactive tax planning advice and clear instruction on company expenses and how to best utilise existing company funds then you've come to the right place.
All of our price tiers have the below elements included which are everything you need as a contractor.
- Free company incorporation (worth £100)
- FreeAgent online accounting software (worth £400)
- Company accounts
- Corporation tax return
- Ongoing PAYE (up to 2 payslips per month)
- Ongoing VAT returns (where required)
- Self- Assessment returns (up to 2 returns per year)
- Customised tax efficiency plan
- IR35 contract review (up to 1 per year)
- Annual tax and financial review
- Unlimited support & meetings
- Clear explanations with as little jargon as possible
- Super fast response time to queries
One Point of Contact
You will generally only deal with one person who is a fully qualified accountant. We want to build a good working relationship with you as opposed to just processing you different departments and having to deal with different people all the time.
We respond to most e-mail queries within 1-2 hours and you should never wait more than 24 hours for an initial response to any query. If it’s something urgent you can always give us a call.
If we need to carry out an additional piece of work for you outside the scope of normal services (an accountant mortgage certificate for example) we will always agree a price with you beforehand.
No Minimum Contract
We are confident in the level of service we provide so we don’t need a minimum contract. If you wish to leave Source Accounts at any point you are free to do so with no hassle.
We have full working knowledge of all cloud accounting systems (FreeAgent, Xero etc.) and as an organisation we try to use and implement technology to work more efficiently both internally and for our clients.
We post regular blogs on our website along with e-mailing a custom written newsletter to our clients. This ensures you are always kept up to date with changes in tax law and reminded of important tax deadlines.