Unsure how to structure your contracting business?

Contracting describes the way you work for clients, but it isn't a legal structure in its own right. You'll need to decide how to register and run your business, but it can be tricky working out whether to use an umbrella company, or trade through your own limited company or as a sole trader. You might even decide to set up using one type of structure, and then switch to something else as the business grows.

Choosing which option is right for you depends on your own personal circumstances and preferences, but we can talk you through your options and how they might affect you. Our friendly advisors are always on hand to help you make decisions for your business. You can get in touch using live chat or by phoning us on 020 3355 4047.

What accounting services do contractors need?

Every contractor must submit tax returns for HMRC to work out how much tax they owe. For example, if you run a limited company you'll submit a Company Tax Return, and as a sole trader you'll use either a Self Assessment or MTD Income Tax return depending on how much you make. It's why we include a full set of financial accounts and the appropriate tax return in your fee as standard.

You might also need to register for the Construction Industry Scheme and send CIS Returns if you pay subcontractors for construction work. It can be confusing, which is why we're here to help! You can add this service to your standard package from £6.00 per subcontractor.