Contractor Accounting Services
D J Colom & Co is a firm of Chartered Accountants which specialises in providing accountancy and tax services to contractors across a wide variety of industries including IT, oil and gas, medical, engineering, finance, constructions etc.
We are accredited by PCG, the leading UK professional association supporting, protecting and promoting the interests of consultants, contractors and freelance workers. For more information about PCG, click here
Our aim is to provide a high quality service for a fixed monthly fee, which includes everything that a Contractor would reasonably expect his accountant to provide. Unlike many firms, we offer unlimited telephone support at partner level and guarantee not to charge any additional fees over the fixed monthly fee for any matters which may arise in connection with your work.
One-Person Companies and Umbrella Companies
You’ll find a full list of the services we provide for a fixed fee for one-person companies, and also information about operating through an umbrella company, below.
To discuss either of these options in more detail, please contact us. Our service is offered on a nationwide level and our clients are located from Cornwall up to Scotland, with some of our clients working in Europe and beyond.
Services for One-Person Companies
It’s our aim, always, to make life as simple as possible for you. We will never bombard you with jargon, complicated accounting packages or weighty procedural manuals - our aim is to relieve you of time-consuming administration and make life as clear and straightforward as possible in all aspects of the running of your company.
We pride ourselves on the speed and reliability of our service. In addition to the partner level of support, you may expect from us a response to all correspondence within 48 hours and accounts are prepared within 30 days of receiving your records.
Our Fees
Our fixed monthly fees for consultancy companies start from £97.00 for a one person company. This fee includes the following:
- Preparation of Annual Accounts of the company for submission to Companies House and the Inland Revenue.
- Preparation of all Corporation Tax Computations and Returns for agreement with the Inland Revenue and dealing with all correspondence as necessary to agree the company's corporation tax liability.
- Operation of a Payroll/PAYE Scheme for your company, including the production of monthly payslips, calculations of your PAYE liabilities, completion of your tax year end PAYE summaries, P11D's, P60's, IR35 calculation and any other documents that may be required by the PAYE Inspector of Taxes throughout the year.
- Preparation of all statutory documents, including the statutory records, board minutes and dividend payments.
- Unlimited telephone/e-mail/correspondence at partner level.
Notes
It is our policy not to charge for extras in respect of any work arising from your work as a contractor.
If the company is to be operated as a "two-person" company with two individuals being paid, we can provide all necessary support to the second person for an additional fee of £20 per additional person. This includes the production of their income tax return, monthly payslips and dividend counterfoils as required. We would also provide full telephone support to the second person.
To form your own one-person company click here.
To transfer your existing one-person company from another accountant to D J Colom & Co click here.
Umbrella Companies
In addition to the "one-person company" solution, we also offer a full umbrella company solution to those clients who do not wish to be involved in running their own limited company. You can download our umbrella company brochure by clicking here.
Umbrella Companies and IR35
Our umbrella company arrangement will not affect your status under IR35.
The correct reason for using an umbrella company is to save time, administration and the responsibility of being a company director by placing your contract through an umbrella company which will deal with all invoicing, company administration and payment issues. The umbrella company service we offer is a "salary" scheme and is therefore unaffected by IR35.
For those contractors who consider themselves to be working outside the scope of IR35 but who still require an umbrella company arrangement, we can offer a tailored solution based on your own specific requirements. To obtain further details, please contact us to discuss or send us an e-mail outlining your exact circumstances by This e-mail address is being protected from spambots. You need JavaScript enabled to view it
