Accounting For Contractors
Your Accounts, Tax Return(s) and Payroll >Sorted.
As a contractor trading through your own Limited Company, you’ll want to be in control of your income and be ready to take on the next project without the hassle of excel spreadsheets, a shoe box of receipts and general accountancy getting in the way.
At CORNEL we provide our contractor clients with a FREE and simple to use online accounting software, FreeAgent. Easily create client invoices and track expenses ‘on-the-go’ 24/7/365 from anywhere with an internet connection. And to assist with your own cash flow, our Packages include all year end accounts and tax filings and allow you to spread the cost of your annual accounting fees over 12 equal monthly payments so you’ll never receive an unexpected bill.
Why Use FreeAgent?
Packages shown are based on a typical contractor requirement
All prices are monthly +VAT
Standard Plan£95typical monthly fee
- FreeAgent Software
worth £29 per month
- Annual Accounts
- Corporation Tax Return
- Monthly Payroll
(1 x Employee)
- Personal Tax
(1 x Director)
- Registered Office Address
- Confirmation Statement
- HMRC Tax Agent
- Phone & Email Support
Premium Plan£125typical monthly fee
- Everything in CORE
(Monthly by CORNEL)
- Bank Reconciliations
(Monthly by CORNEL)
- VAT Return Filings
(Quarterly by CORNEL)
What is FreeAgent software?
FreeAgent is easy to use ‘in-the-cloud’ accounting software which we provide to you as part of your package. It’s a great fit for freelance contractors using a Limited Company for their income and it makes it easy for you to raise and send client invoices, track your expenses on the go and reconcile the bank account transactions quickly. FreeAgent also runs a ‘live’ corporation tax calculation for you to ensure you are aware of your upcoming tax liability for your company.
I only need year end company accounts and tax filings. Can you help?
Yes. We recognise that not all contractors want online accounting software or even payroll and VAT services as they may already handle this themselves. We provide a Year End accounts and tax package for an all-inclusive and fixed fee. Working from the records and information provided to us by you, we’ll simply prepare and file the company accounts and corporation tax return with HMRC and Companies House, acting as your HMRC tax agent. Simply get in touch to discuss your requirements.
I need to file for prior years. Can you help with these earlier periods?
Yes. We can add prior periods and prior tax returns to any plan to help you catch-up and bring your affairs up to date with both Companies House and HMRC.
I already have an accountant. How easy is it to switch to CORNEL?
Very easy. Simply, once we have agreed an all-inclusive fixed-fee package with you, we simply require you to inform your current provider of your intentions to switch (by email) and we can take it from there. We’ll handle the entire handover procedure for you.
Have any other questions?
Simply get in touch with us anytime. We’re ready when you are.
Not local to our offices?
Not an issue! We work with contractors and small businesses remotely ‘in-the-cloud’ with the latest and best accounting software.