We provide accounting and tax services to contractors who have chosen to operate through their own limited company. The main advantage of operating through a limited company rather than as an employee of an umbrella company is the greater scope for tax planning that is afforded to you which can result in lower tax liabilities and greater profits for you.

For a competitive fee, our service to contractors covers the entire range of your accounting and taxation needs, including:

• information on how to set up your limited company and company bank account
• registering you and your company for the appropriate taxes
• advice concerning tax allowable business expenses to ensure you are minimising your liabilities
• review of your personal circumstances to ensure you are claiming all tax credits and reliefs that you are entitled to
• calculation of tax liabilities and submission of returns for all taxes – PAYE, VAT, corporation tax, income tax
• provision of statutory formatted accounts suitable for filing with the Companies Registration Office and for use in mortgage and other loan applications.

We also ensure you are getting all the tax relief which you are entitled to on areas of personal expenditure such as medical expenses, pension contributions, permanent health insurance policies etc. If you do not have a pension and are interested in starting one, we can give you calculations showing how it will impact upon your tax liabilities.

If you are interested in learning more about this service, please contact us on contractors@accountingconcepts.ie