Specialist services
- Consultants and IT contractors
- Need a bank account?
- Worried about IR35?
- Technology clients
- Setting up
- Ongoing assistance
- Exiting your business
Consultants and IT contractors
We act for many contractors in the IT, engineering and consultancy sectors. If you are a contractor, management consultant or similar then we can offer a fixed-fee service for your accounting requirements.
We are a small, friendly firm and can offer a personalised service, tailored to your individual requirements. You can choose from any of the following services:
- Quarterly VAT returns and bookkeeping
- Monthly payroll
- End of year employers' returns P35s, P14s and P11D
- Statutory accounts preparation
- Abbreviated accounts preparation
- Completion of corporation tax return form CT600, and dealing with all corporation tax matters
- Dealing with Companies House forms
- IR35 deemed salary calculation
- Personal tax, including completion of personal self assessment return
- Ongoing friendly advice throughout the year.
Need a bank account?
We have an agency with Cater Allen Private Bank (part of the Abbey Group), who provide an excellent range of bank accounts for companies and individuals, including a special account designed for IT contractors.
The main features of the account are as follows:
- Free banking - up to 20 transactions per month.
- A decent rate of deposit interest
- Cheque book, paying in book, standing order facilities, etc.
Worried about IR35?
The question as to whether a contract falls within the IR35 rules, i.e. is 'disguised employment', is a very grey area. If you are unsure whether your contract is caught by them, we can obtain a written opinion from a tax barrister. If your contract is in draft form, the barrister can advise amendments to help ensure that it falls on the 'right' side of IR35.
If you are caught by IR35, we understand the deemed salary calculation and its quirks and can advise you on mitigation.
Technology clients
Invariably, technology companies are started by entrepreneurs with a technical rather than an accounting or business background. We realise that technology start-ups need support, and are prepared to invest our time in helping your company succeed. Here is some of the help we can provide:
Hackett Griffey have developed an enviable presence in the technology sector. Some of the exciting technology clients that we act for include:
- Digital printers
- Software developers
- Scientific instrumentation firms
- University spin-off companies
- Semiconductor design firms
- Defence
We can help in all of the follow areas:
Setting up
Company formation
Advice on shareholding structures and shareholder agreements
Advice on accounting systems
Advice on funding
Selection of bankers
Grant applications
Discussions with equity investors and venture capitalists
Remuneration planning
Assistance with business plans and cashflow forecasts
Ongoing assistance
Bookkeeping and VAT returns
Payroll
Monthly management accounts
Annual statutory accounts
Corporation tax compliance
R&D Tax Credit claims
Monthly management accounts
Company secretarial (e.g. board minutes, share issues)
Auditing of expenditure for grant purposes. Remember that certain grants need to be audited by a registered auditor
Exiting your business
Planning for exit
Maximising your returns
Realising a tax-efficient sale
Tax-efficient investments
