Accounting tailored to Contractors
Running a limited company as a contractor comes with its own unique challenges. From navigating around IR35 and managing dividends to understanding tax liabilities and claiming allowable expenses. It isn't always clear what's best for you or your business, but you don't have to do this alone.
At Acumenica we provide specialised accounting services to over 250 contracting businesses across the UK from our offices in Scotland. Whether you’re an IT contractor, engineer, project manager, consultant, interim manager or any other independent professional we help you stay compliant, maximise your income, reduce stress and make informed financial decisions.
Are you facing any of the following challenges as a contractor?
- Unsure if you’re paying too much or too little tax?
- Confused by IR35 and how it affects your contracts?
- Not sure how much you can safely withdraw from your company?
- Concerned about VAT, Corporation Tax or Self Assessment deadlines?
- Spending too much time on bookkeeping and administration?
These are some of the most common issues we have seen contractors face and with over 25 years of experience in accounting for contractors we know exactly how to help.
How we help contractors:
IR35 Support for contractors
We’ll provide practical guidance to help you understand your obligations and make informed decisions about your contracts.
Tax-Efficient Remuneration
We'll help you structure your salary, dividends and pension contributions to maximise your take-home income while remaining compliant.
Personal Tax Returns
Complete self-assessment support, ensuring deadlines are met and opportunities aren't missed.
Limited Company Accounting
We take care of annual accounts, corporation tax returns, Companies House filings and ongoing compliance requirements.
VAT & Bookkeeping
Cloud-based accounting systems and support that reduce admin and keep your finances organised.
Why Contractors Choose
Acumenica:
- Fixed yearly fees split across 12 months
- Dedicated support from qualified accountants
- Proactive tax planning
- Cloud accounting expertise
- Fast, straightforward advice
- Specialised Support for contractors across the UK
“I cannot recommend Acumenica highly enough. I have been contracting as a limited company since 2016 and have been with Acumenica since incorporation. Alison H has been outstanding and is always very fast to respond to any queries and Acumenica are always one step ahead in getting tax returns and year end accounts finalised.” - Michael Rozanski
“Great service, as a freelance contractor the team supported me through everything. Professional, courteous, and timely in everything they did. Combined with the FreeAgent tool that comes packaged with their offering makes me feel more aware of my accounting horizon. Would not hesitate to recommend Acumenica’s service to any small business.” - Brian Spence
“I was a customer of Acumenica for all my contracting years following a recommendation. Over the years, I was supported brilliantly - things went wrong (normally my fault) and were always put right without complaint or delay. We moved over to Freeagent which was terrific - and I was always amazed to hear how fellow contractors were having to do things (spreadsheets? photocopying receipts?)! Every year, I would get asked by colleagues 'Have you got your accounts in yet?' and I'd have a panic - only for Rachel to calmly remind me they'd been done last year! In a time when 'personal service' is rare, I can highly recommend Acumenica and particularly Rachel who looked after me so well.” - Jamie Black
Frequently Asked Questions
The amount of tax you'll need to pay depends on your income, business structure and how you take money from your company. As a general rule, many contractors set aside a percentage of their income each month to cover corporation tax, VAT and personal tax liabilities. We can help you understand exactly what you need to budget for and how much to put aside, so there are no unexpected surprises.
IR35 is legislation designed to determine whether a contractor is genuinely self-employed or effectively working as an employee for tax purposes. If a contract falls inside IR35, you may pay more tax and National Insurance. Understanding your IR35 position is important, and we can provide practical guidance to help you navigate the rules with confidence.
Focus on your Contracts. We’ll handle the numbers.
Our goal is simple: help you minimise your tax, spend less time worrying about compliance and more time focusing on the work that generates your income. You’ll never worry about a HMRC deadline again.
Book a free consultation with one of our contracting specialists today and understand how Acumenica can help your contracting business thrive.
Ready to partner with an accountant who truly has your back?
can enjoy seamless, effcient, and stress-free accounts.
