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What is a business contractor?

A contractor provides services to other businesses, without actually becoming their employee.

How do contractors operate?

Contractors usually operate as self-employed, either as a sole trader, or through their own limited company, though you can choose whichever legal structure which suits your business best.

Do contractors report their earnings to HMRC?

You’ll need to let HMRC know about your contracting business so that you can report and pay tax correctly on the money that you earn. As a contractor you might also have other obligations depending on your circumstances. For instance, registering a limited company with Companies House, or submitting CIS returns if you use subcontractors. Our contracting guide explains how to get started as a contractor, and what you need to know about your responsibilities.

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Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
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Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.