Rauf Accountants
0208 2002339
advice@raufaccountants.co.uk
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  • Accountants In North London
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    Low prices - we can offer you 10% off of your first year’s fees
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    Do you need someone to manage your payroll?
    Too much accounting work but not enough to employ bookkeeper?
    Look no - further, RAUF is your solution!
  • Small Accountancy Firms In London
    We will guide and assist you every step of the way
    You focus on your business, and we’ll take care of your accounting
    Qualified accounting staff available 7 days a week, 9am to 5pm

Contractors

Rauf Accountants can take care of your accounting needs so you can concentrate on your projects. Contractors should establish that they are working outside of IR35. Those contractors who fall under IR35 rules will be liable to Schedule E taxation and National Insurance following deductions for expenses.

There are number of important issues to consider whether you are just starting or have already started trading.

How is the best to trade, whether it is better to trade as Sole Trader or through a Limited Company?

There are advantages and dis-advantages of any method you choose. You do not have to take IR35 into consideration if you working as a Sole Trader. It is more tax efficient than an Umbrella Company.

If you choose to trade as a Limited Company then it is most tax efficient but there is more work and more responsibilities as compared to a Sole Trader. IR35 needs to be considered if you work through Limited Company.

The original reasons for the IR35 legislation being introduced was to challenge what was seen at them time as tax and National insurance contributions avoidance schemes through the use of intermediary, in this case, limited companies and partnerships.

If HMRC finds out that you are trading inside IR35 as though you are trading outside of it then you are at a risk of penalties. You may have to pay any underpaid national insurance with interest and penalty charges.

We are happy to review your circumstances and give you opinion on whether or not your business falls within the legislation.

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Our Services

Year End Accounts
Tax Returns
Bookkeeping
VAT returns
Payroll
Company Formation
Outsource Accounting
Management Accounts
Cashflow Forecasts
Confirmation Statement
Business Plans

Who We Help

Start Ups
Sole Traders / Self Employed
Partnership
Limited Companies
Contractors
Landlords
CIS Contractors

Contact us

Kingsbury House
468 Church Lane
London
NW9 8UA
Tel: 0208 2002339
Email : london@raufaccountants.co.uk

About us

Registered member of the Association of Chartered Certified Accountants
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