Accountants for Contractors in West London
Specialists in Contractor Accounting
With a rich 75-year heritage, we specialise in contractor accounting. Our experienced team offers more than just accounting services – we deliver growth-oriented solutions, help businesses navigate through IR35 regulations and maximise tax efficiency, positioning us as the trusted accountants for contractors in West London.
Essential Considerations for Contractor Accounts
Contractors need to manage their finances with care, ensuring tax compliance while optimising financial efficiency. We provide contractor-specific accounting solutions, ensuring your business operates within the remit of IR35 and your financial health stays robust.
- Understanding IR35 compliance requirements.
- Optimising tax positions within IR35.
- Managing payroll and tax deductions.
- Navigating tax implications of contract changes.
- Adopting the right accounting software for contractors.
Our Contractor Accounting Service Process
1. Consultation BookingArrange a phone or video call with our specialist accountants to discuss your needs.
2. Discussion and AdviceOur experts listen, ask insightful questions and provide tailored advice.
3. Customised QuoteFollowing the consultation, you will receive a personalised accounting package quote.
4. OnboardingOnce engaged, we start with a thorough review of your existing accounts.
5. Ongoing SupportWe provide dedicated support, regular check-ins, and proactive advice to help run your business more efficiently.
Why choose us
Why Partner with Our West London Contractor Accountants?
IR35 ExpertiseOur team helps you navigate IR35 regulations, ensuring your business remains compliant, and your tax position is optimised.
Growth-OrientedWe go beyond traditional accounting to offer strategic financial advice, helping you grow your business.
Dedicated SupportWe provide dedicated support, ensuring your financial questions are answered promptly, and your needs are met.
Flexible PackagesOur services are tailored to your specific needs, whether you're a freelancer, contractor, or running a small business.
Industry ExperienceWith experience across the IT, Engineering, Construction, and Medical Services sectors, we understand the unique needs of different industries.
TrustworthyOur 75-year heritage stands testament to our reliability and commitment to our clients.
What Our Satisfied Contractor Clients Say
We have been working with Dauman for years and we cannot complain about a single thing. It is efficient, cost-effective and client-centric firm. 100% recommended!
Clive has prepared the accounts for my business for over 15 years and has also submitted my tax returns. Clive’s invaluable knowledge and expertise has given me peace of mind with regards to my accounts. It’s great to have this reassurance – Clive is always efficient, personable and very approachable too. Thank you Clive!
I have been a client of Dauman and Co for over 25 years and my father was a client for 15 years prior to me. Through out this period I have been the recipient of an excellent professional and courteous service. I would be very happy to recommend this company to anyone.
Excellent, reliable and polite people pleasure to work with.
Our Contractor Accounting Services
Your Questions, Answered
What changes should I make to my contracts to comply with IR35?
Changes to contracts depend on individual circumstances. We provide a comprehensive contract review, offering advice on changes that ensure you comply with IR35 regulations.
What are the tax implications of IR35 for my business?
IR35 can significantly impact your tax liability. We help navigate these regulations, ensuring you meet obligations and optimise your tax position within the IR35 framework.
Does my business fall inside or outside of the scope of IR35?
Determining IR35 status can be complex. Our experts will review your working practices and contracts, providing a detailed assessment of your IR35 status.
How can you help me optimise my tax position?
We provide personalised advice on effective tax management, from utilising available tax reliefs to planning your finances to optimise tax efficiency while complying with IR35 rules.
Can you help manage payroll and tax deductions for my contractors?
Yes, we offer comprehensive payroll services, ensuring correct calculation and deduction of taxes and National Insurance contributions for your contractor engagements.
What accounting software do you recommend for contractors?
Do you provide advice on whether to operate as a limited company or a sole trader?
Absolutely, we provide personalised advice on the best trading structure for you, considering factors like tax efficiency, IR35, and your long-term business goals.
How will I know if my business is compliant with IR35 regulations?
Our specialist accountants conduct a thorough review of your working practices and contracts, providing a detailed report on your IR35 compliance and recommending any necessary adjustments.
What industries do you specialise in for contractor accounting?
Can you assist with my VAT returns?
Yes, we offer full support with VAT registration and returns, ensuring your business meets its legal obligations while maximising VAT efficiency.