IT Contractors

Accountants for IT Contractors in Leicester

A lot more goes into being an IT contractor than setting up a company. IT contracting is about delivering services – not specified results or products. The IT contractor offers their skills on-demand, helping their client do what’s important for their business.

Image of Sectors: IT Contractors

As an IT Contractor, you will require the services of an Accountant if you operate either self-employed or as a Limited Company.

IT contractors are subject to IR35 rules and all contractors operating via a Limited company should concern themselves with this issue. An oversight could cost you thousands of pounds. Simply put, you need to be sure you fall outside the scope of IR35!

In a landmark case, which has come to be known as “dragonfly”, it was determined that the way you deliver your services is just as important in HM Revenue and Customs eyes as your paper contract.

Specialist Accounts Preparation for IT Contractors

Our accountants for IT contractors in Leicester offer a contract review service to assess whether you and your company remain outside the scope of IR35. You will receive impartial advice specific to your circumstances. The fact that you undergo this step acts as evidence that you have taken reasonable steps to ensure your compliance. This will be invaluable should you be investigated in the future.

Image of IT Contractors

Self-employed IT Contractors do not need to worry about IR35 as they will not be challenged by HM Revenue & Customs.

Whether you are in or out of IR35, accounts and tax returns need to be prepared and filed. Gower Accountancy Chartered Certified Accountants Leicester is a small business specialist. Apart from preparing your year-end accounts and tax returns our IT contractor accountants in Leicester can guide you in almost any area of accountancy and tax. Whether this is deciding to invest in a company car, make other investments or any other commercial decisions, we can help you structure your affairs in the most beneficial way. Considerations are always given to both tax and non-tax issues.

Gower Accountancy Sectors

Image of IR35 Contractors

Two sets of tax legislation that are designed to combat tax avoidance by workers.

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A branch of the commercial enterprise concerned with the construction of buildings, bridges, etc.

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Dentists are the frontline of good oral health.

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A driving instructor is a person who is hired by a new driver who is learning how to improve their skills.

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A locum doctor is a doctor who covers for another doctor who is on leave.

Image of Restaurants and Fast Food Outlets

Restaurant meals are often seen as the "healthier" of the two dining options.

Image of Web Developers

A person or company that develops software applications, or creates and maintains websites.

Image of CIS Subcontractors

The construction industry covers a vast array of fields.

Image of Consultants, Freelancers and Locums

An independent contractor often functions as a freelancer,

Image of Doctors

A person licensed to practice medicine, as a physician, surgeon, dentist, or veterinarian.

Image of IT Contractors

IT contracting is about delivering services – not specified results or products.

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The business of selling and buying cars and other road vehicles.

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A person engaged in selling and arranging transportation, accommodations, or trips for travellers.

Frequently Asked Questions

Learn How it Works!

We understand that accountancy and tax can be complicated, and you are likely to have many questions. At any time, you can book a no-obligation consultation in which we can provide answers specific to your circumstances. For more general enquiries, however, feel free to browse our FAQs!

What does “chartered” mean?

A chartered accountant is an accountant who has studied accounting to a high level and completed three to five years' work experience, earning them a professional accreditation. Once qualified, a chartered accountant can join the ACCA (Association of Chartered Certified Accountants) or another professional body.

While a regular accountant is generally capable of providing straightforward accountancy services, a chartered accountant can become a far more valuable asset to your business. Due to their in-depth expertise, chartered accountants can advise on specific business and financial matters, including corporate finance, cash-flow forecasting, forensic accounting, and advanced tax planning.

As chartered accountants in Leicester, Gower are proud to uphold the professional and ethical codes of the ACCA - and we are dedicated to using our chartered status to help Owner-Managed Businesses in as many ways as possible.

I already have an accountant, do I need to change?

Does your existing accountant offer you a pro-active, flexible service at an excellent rate? Are they easily contactable? Do they save you money, and help you to make profitable business decisions?

If so, then it sounds like you’ve got a keeper! However, if you answered no to any of the questions, or fancy exploring your options a bit, then please get in touch for a free, no-obligation consultation.

Not all accountants were created equal; some simply provide a better service, save you more money, and provide more advanced levels of business advice. If you’d like to see just how much an expert chartered accountant can benefit your Owner-Managed Business in Leicester, Gower is ready to show you.

Are you the right accountants for my business?

We understand that choosing an accountant for your business is not a small decision, and one that should not be taken lightly. You need an accountant that you can trust, who will get to know your business inside-out and will always operate in your best interests.

We’re not saying that we’re perfect for everyone - but we do have decades of experience working with Owner-Managed Businesses of all sizes, across a vast range of sectors. Once we partner up with someone, we take the time to understand their business, their needs, and their goals - and then we give it our all. This has granted us a reputation of which we are very proud.

The best way for you to see if we’re a good fit is to talk over the phone, or meet for a coffee - a free meeting, with no obligation. Let’s have a chat about how we can help your business.

I need help urgently! What can you do?

If you are experiencing an accounting emergency, we would kindly ask you not to panic. We can help!

Our Accounts Emergency corner has gotten more than a few Owner-Managed Businesses out of a tight jam. If your accounts are in a bit of a mess, or you’ve received a nasty letter from HMRC, or anything else, we’ll fast-track you and offer a quick solution.

What are the benefits of hiring an accountant?

There are many benefits to hiring a good accountant. In addition to keeping your books, managing your payroll, and keeping your accounts up to date, your accountant can actually help you to save money and boost the profitability of your business.

The main benefits of hiring a chartered accountant in Leicester include:

  • Keeping you compliant - As an Owner-Managed Business, you are legally required to provide records of your accounts informatively, accurately, and consistently. There are a series of tax deadlines that must be met throughout the financial year, and if one of these is missed, it will result in a penalty.

As your trusted accountants, we can take care of everything, and thus guarantee that you remain in HMRC’s good books.

  • Reducing your taxes - Knowledgeable accountants can find legitimate ways to keep your tax payouts as low as possible. Whether through government schemes, flat rate schemes, or expense claims, there are many ways of reducing the tax that most businesses don’t know about.

As tax experts, we can ensure that you never pay a penny more in tax than necessary.

  • Making profitable business decisions - In order to make good business decisions, substantial knowledge of finance is often required. Without the knowledge of your business’s financial history, current state, and future forecast, your business could easily take a wrong turn.

By analysing your business’s finances and calculating logical forecasts, we can help to guide your business down the most profitable path.

Is it easy to change accountants?

If your current accountant isn’t providing the level of service you want, and you would like to move over to us, then the process couldn’t be simpler.

All it takes is just one letter from you, and then we take care of the rest. In most cases, your existing accountant cannot charge you for providing the standard handover information.

You seem to offer a lot, are your fees expensive?

We do indeed offer a wide range of accountancy services in Leicester - but our packages are tailored to match the specific needs of you and your business. We will never impose a service that you do not truly need.

Are we the cheapest accountants in Leicester? Probably not. But as far as value for money goes, we are confident that we cannot be beaten.

As with most things, the cheapest accountant is often the most expensive in the long run. Every penny that you spend with us will be applied with purpose, putting it to the best possible use - not just saving you money, but also increasing the profitability of your business.

As experienced, dedicated, highly-knowledgeable chartered accountants in Leicester, we provide a service that almost instantly repays itself in the value-added to your business.

Get In Touch!

Based on the outskirts of the city centre, Gower Accountancy is only a 5 minute walk from Leicester railway station which is easily accessible by public transport and we also provide ample parking for those who wish to visit by car.

Contact Gower Accountancy today for your Free 30 Minute Consultation to see how we can help you and your business:

Call Me

0116 220 6019
0800 612 7122

Visit Me

250 Humberstone Road,
Leicester, LE5 0EG