Life as an IT contractor can be very challenging at times. Whether it is a software developer, project manager, network engineer, or a plethora of other specialisms, your ability to identify and execute technical solutions for your clients, really sets you apart.

How to work as an IT contractor

If only life could be simple. You’re an expert in IT, why can’t it just end there? Unfortunately, as a contractor, it can sometimes feel you have to be an expert in payroll, corporation tax returns and personal tax returns as well.

Well, not all is lost. At SJD we can help you get on top of the numbers. If you’re working through an umbrella company, running your business as a sole trader, or even through a limited company - we have a solution for you.

Why should IT contractors appoint an accountant?

How much is your time worth to you? It might be cost-effective, as a value of your time, to outsource your accounts to us. For example, if your going rate is £50 per hour and it takes you 7 hours every month to look after your accounts, as a value of your time it is costing you £350 every month.

Depending on your business structure, some of our packages start at £40 + VAT per month. Outsourcing to an accountant could make a lot of sense.

It may also save you time. As an IT contractor, you are regularly thrown into data-sensitive environments, where clients expect high standards and for you to deliver high-quality work in a time-pressured environment. Do you want to add accounting to your to-do list?

Accountancy services for IT contractors

IT contractors can choose from a number of different accounting services depending on how they structure their business. Services include annual accounts, corporation tax returns, personal tax returns, and payroll.

Accountancy packages

Many IT contractors choose to set their business structure up as a limited company. Our limited company packages start at £80 + VAT per month, but many IT contractors whose business structure is a limited company, opt for our Essential package. This includes access to market-leading accountancy software, FreeAgent.

Other IT contractors choose to work as a sole trader, but it’s entirely up to you and your circumstances how you structure your business.

Speak to a member of our team, who can discuss the different options available to you, with your own personal circumstances in mind.

Light

£80

+ VAT/mo

£40

+ VAT/mo

Experienced contractors looking to hand off HMRC responsibility in favour of running their business.

What's included:

 

Unlimited support from expert accountants

 

Year-end account and Corporation Tax submissions

 

Personal self-assessment tax return

 

Tax-efficient salary advice and payroll management

 

FreeAgent software to manage your business anywhere


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Essential

£120

+ VAT/mo

£60

+ VAT/mo

A more personalised experience, with FreeAgent included allowing you to run your business anywhere.

What's included:

 

Unlimited support from a personal accountant, who understands your business

 

Year-end account and Corporation Tax submissions

 

Personal self-assessment tax return

 

Tax-efficient salary advice and payroll management

 

FreeAgent software to manage your business anywhere

 

Making Tax Digital compliant with quarterly VAT submissions

 

FREE business banking set up with Metro Bank, if needed


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Dedicated support for IT contractors

Your accountant has extensive experience working with self-employed individuals, so they can offer you dedicated support and advice, while you focus on delivering the best work for your client.

Access to state-of-the-art accounting software

Keeping track of your accounts is made easier with access to leading accountancy software, FreeAgent.

Find out more about our offering for IT contractors

Want to find out more? As one of the industry's leading accounting solution providers, we have decades of experience helping IT contractors. Contact us now to chat with a member of our team.

Call us

Call our best advice team on 01925 597 051.

  • Monday - Thursday (8am to 8pm)
  • Friday (8am to 7pm)
  • Saturday (10am to 4pm)

Existing client?

If you're already a client of ours, you can speak to your dedicated accountant directly.

Alternatively, call us on 01442 353 466.

Monday - Friday (9am to 5pm)

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