Leading Accountants for Contractors

Elevate Your Current Contractor Accounting Processes with Nexus Accounting

At Nexus Accounting, we understand that contractors face unique financial challenges that require specialised expertise. With our dedicated contractor accounting services, you can focus on what you do best while we handle the complex financial and tax responsibilities that come with contracting work in the UK.

Our team of expert contractor accountants will work with you to ensure you’re fully compliant, aware of your entitlements and operating in the most tax-efficient way. Learn more about our contractor accounting service and get in touch today.

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Our Contractor Accounting Service

As a limited company contractor accountant, we offer a comprehensive package that can be tailored to suit your specific needs. Designed around the unique challenges contractors face, our Contractor accounting services include:

IR35 Assessment and Compliance

The ever-evolving IR35 legislation can significantly impact your tax position and business structure. Our team provides:

Comprehensive IR35 status reviews of your contracts and working practices

Strategic advice on maintaining genuine self-employed status

Protection against unexpected tax liabilities with IR35 compliance documentation

Ongoing updates as legislation changes, keeping you one step ahead

Limited Company Management

Operating through a limited company offers significant advantages for many contractors, but requires careful management. We can help you with:

Company formation and setup with Companies House

Strategic advice on the most tax-efficient salary and dividend structure

Quarterly VAT returns and annual company accounts

Corporation Tax calculations and filings

Director’s Self-Assessment tax returns

Payroll service and PAYE management

VAT Optimisation

VAT doesn’t need to be a burden. Our VAT specialists help you:

Determine the most advantageous VAT scheme for your business

Manage quarterly VAT returns with precision

Identify opportunities through the Flat Rate Scheme

Maximise legitimate VAT reclaims

Navigate complex VAT rules for specific industries

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Why You Should Choose Nexus as Your Contractor Accountant

Time and Resource Efficiency

Working as a contractor means your time is valuable. Outsourcing to a leading contractor accountant, like ourselves, frees up your time to focus on growing your business and core operations. The hours saved from wrestling with your tax returns, bookkeeping and compliance paperwork typically outweigh the cost of professional services.

Legislation, Tax Compliance, and Optimisation

As a contractor, you may face complex tax regulations that change frequently. As a leading accountant, we ensure you remain compliant with HMRC requirements, including IR35 legislation, while identifying legitimate tax saving opportunities. We can help you claim all available allowances, deductions and reliefs specific to your business structure and industry, potentially saving thousands of pounds annually.

Financial Clarity and Business Insights

We don’t just help you handle your books! We use the raw financial data we collect and turn it into meaningful insights that drive better business decisions. This can help produce more accurate management accounts, cash flow forecasts and profitability analyses that highlight strengths and weaknesses in your business model.

Technology Integration

As industry-leading accountants, we leverage specialised software that integrates seamlessly with your business systems, automates mundane tasks and provides real-time financial visibility. With FreeAgent, you can oversee and manage various areas of your business, making bookkeeping a little easier.

Reduced Risk of Costly Errors

Financial mistakes can result in major penalties, interest changes and damaged business relationships. As accountants for contractors, we can minimise these risks through our expertise, quality control processes and professional indemnity insurance. We support you in keeping accurate records that withstand HMRC scrutiny and help prevent issues before they occur.

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Award Winning Accountancy Software with Effortless Admin

FreeAgent is an incredibly simple and effective cloud based accounting solution, which removes the hassle of bookkeeping and provides the information that you need at your fingertips.

Run your entire business from anywhere. Snap an expense, create an invoice, check your cashflow, and stay on top of your tax. Your qualified accountant will help set you up and provide a full walk through of how to make the most of FreeAgent.

Please contact us for a free demonstration.

All inclusive contractor accounting service

£100 + VAT per month

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Testimonials

Great service for contractors. When I started back into the freelance market in 2020, I wanted a local contracting service for my company. Read a few reviews and opted for Nexus Contractor Accounting. What a good choice! Provided everything I needed to help me set up my company, great service, with quick, professional advice when needed.
Steve Watson
Excellent service. I moved to Nexus from one of the big companies where I was just a number. Nexus provide me with a far better service for 2/3 the price. It’s more personable and I get better advice. I can highly recommend them. I also use the Freeagent portal via them and it’s a really fab piece of software. Makes everything a piece of cake.
Jo Burch
Nexus Accounting are fantastic, I have been with them for a few years now and would not consider going anywhere else. I have worked with other accounting companies before Nexus, and they all fell short of the service you receive from Nexus. Whenever I contact them, I get instant instant helpful attention, not a message saying they will get back to me, and over the years they have gone above and beyond to support me with issues that I'm sure are outside an accounting remit. The systems they use are simple and easy to follow and fit perfectly with the business I do. I would recommend them in an instant.
Janice Reed

Get in Touch with Qualified Accountants for Contractors Today

As experienced and qualified accountants for contractors, we understand the challenges contractors face and strive to help with your accounting needs so you can spend more time on growing your business and less time navigating the complexities of taxes and paperwork. Take a look at our accounting package today and get in touch with our team to elevate your current accounting process.

View Our Accounting Package

Contractor Accountants FAQs

1What is a contractor accountant?

A contractor accountant specialises in financial services tailored to contractors. These specialised accountants, like ourselves, provide expertise in contractor-specific tax matters, IR35 compliance, optimal salary/dividend strategies, and navigating the unique financial challenges that contractors face.

2How much is an accountant for a contractor?

At Nexus Accounting, we offer a single Limited Company accounting package that includes everything you need to handle your finances with ease. For £100 +VAT per month, you can work with a dedicated accountant equipped with expertise in the field and benefit from services such as IR35 compliance reviews, bookkeeping health checks and VAT optimisation as standard. For more information on our accounting package, take a look at our Packages page today!

3Do I need an accountant as a contractor?

You are not legally required to have an accountant as a contractor but we recommend you do to free up your time. Learning and navigating the complexities of tax and accounting takes time that you could otherwise spend on growing your business. Plus, you can minimise errors and severe penalties by choosing an accountant that has knowledge of contractor accounting!