Contractor Accountants · Central London
Contractor accountants in Bread Street, City of London
Contractor accounting for limited company contractors in Bread Street, City of London: accounts, Corporation Tax, monthly payroll and dividend paperwork from £75 a month, with VAT and bookkeeping at £105 and the full package including your Self Assessment at £125. Fixed, published, the same in Bread Street as in every part of England.
from £75/mo · fixed, per month
Next deadlines
- PAYE and National Insurance for last month paid to HMRC (electronic)
- PAYE and National Insurance for last month paid to HMRC (electronic)
- PAYE and National Insurance for last month paid to HMRC (electronic)
- Online Self Assessment filing deadline and balancing payment due
Who this is for
Contractor Accountants for Bread Street
Contractors and interim professionals in Bread Street, City of London working through their own limited company: IT and software contractors, engineers, project managers, interim finance staff, consultants, medical and allied health locums who have incorporated, and permanent employees about to go contracting who need the company set up and the first engagement reviewed.
What is included
Everything inside the fixed fee
- Statutory accounts and Corporation Tax return prepared and filed each year
- Director payroll run monthly with RTI submissions and the salary set at the efficient level
- Dividend vouchers and board minutes for every distribution, with the available reserves checked first
- Quarterly VAT returns and bookkeeping in the Plus and Complete packages
- Director's Self Assessment and an annual planning call in the Complete package
- IR35 status reviews of your contracts and working practices, with a written opinion
How it works
Contractor Accountants from Bread Street, City of London, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
Why Bread Street businesses file with IGI
One fixed fee for contractor accountants in Bread Street, City of London, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Bread Street is left to the last week. Each deadline relevant to contractor accountants is tracked from the day you join, with the next four shown on every page we send you.
We serve Bread Street, City of London remotely by design: records by WhatsApp or email, drafts back for approval, filing electronic. The saving on premises is passed to you in the fee for contractor accountants.
A named person handles your contractor accountants from Bread Street and knows the file, so you are not re-explaining your business to a different helpdesk each time.
We explain contractor accountants in the words Bread Street, City of London business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Bread Street until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Bread Street, City of London
Bread Street, City of London is in Central London, within City of London, in the EC4M postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| St Paul's, City of London | 0.0 mi | W |
| Mansion House | 0.2 mi | SE |
| Cheap | 0.2 mi | NE |
| Ludgate Hill | 0.2 mi | W |
| Queenhithe | 0.2 mi | S |
| Cheapside, City of London | 0.2 mi | E |
| Cordwainer | 0.2 mi | E |
| Puddle Dock | 0.2 mi | SW |
Worth knowing
Rules that come up in this work
Dormant companies
Companies formed to protect a name or hold a future business are dormant but not exempt: Companies House still expects dormant accounts within nine months of the year end and a confirmation statement annually with its £50 fee, and HMRC must be told the company is dormant or it will demand Corporation Tax returns. The filings are short, but the penalties for missing them are the same as for a trading company.
The trading and property allowances
Not every small income needs a tax return. The trading allowance exempts the first £1,000 of self-employment or casual income and the property allowance does the same for rental income, each measured on gross receipts. They cannot be combined with rent-a-room relief on the same income, and claiming the allowance means giving up the expense deduction for that source.
Employer National Insurance
Employers pay National Insurance at 15% on each employee's earnings above the £5,000 secondary threshold, following the April 2025 changes. The Employment Allowance offsets up to £10,500 of this for eligible employers, which for a small team often removes the liability entirely, but companies where the director is the only employee do not qualify.
Workplace pensions and auto-enrolment
Every employer must assess its workers for automatic enrolment from the first employee's start date. Those aged 22 to State Pension age earning over £10,000 a year must be enrolled into a qualifying pension with minimum contributions of 8% of qualifying earnings, at least 3% from the employer, and a declaration of compliance made to the Pensions Regulator within five months.
Record keeping
Record keeping is a legal obligation with a penalty of up to £3,000 for failure, but its real value is in making every other filing cheaper and more defensible. Keep invoices, receipts, bank statements, mileage logs and any HMRC correspondence, digitally if you like, for five years after the relevant filing deadline for individuals and six years for companies and VAT.
Allowable expenses
Expense claims are where a return is won or lost in an enquiry. The test is wholly and exclusively for the trade; where a cost is mixed, the business proportion can be claimed if it can be identified. Capital items such as equipment and vans are relieved through capital allowances rather than as expenses, except under the cash basis where they are simply deducted when paid.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
Questions
Contractor Accountants questions from Bread Street
Can the company pay into my pension?
Yes, and it is one of the most efficient ways to extract value. Employer pension contributions are deductible for Corporation Tax, free of National Insurance and not taxed on you, up to the £60,000 annual allowance (tapered for very high earners). We include pension planning in the Complete package's annual call.
What happens between contracts?
The company continues and so do the filings, but we can reduce the salary and pause dividends. If you expect a long gap we discuss whether to keep the company trading, make it dormant or close it. The monthly fee continues while the company is active because the compliance does, but we review it with you if circumstances change.
My client has put me inside IR35. Should I still use my company?
It can still be worth it if you have other outside-IR35 work, but for a single inside-IR35 engagement an umbrella company or direct PAYE is often simpler and cheaper. We run the comparison for your specific numbers and tell you honestly, even if the answer is that you do not need us for that contract.
Can I claim travel and subsistence?
For engagements outside IR35, travel to a client site that is a temporary workplace is claimable, subject to the 24-month rule: once you know an engagement will exceed 24 months at the same site, it stops being temporary. Subsistence follows the travel. Inside-IR35 engagements lose these claims. We check each engagement.
How are dividends documented?
Each dividend needs a board minute approving it and a dividend voucher recording the date, amount and shareholder. The company must have sufficient distributable profits after tax at the time. We check the reserves before each dividend, produce the paperwork and keep it on file, because undocumented dividends are reclassified by HMRC as salary or loans.
What is the flat rate VAT scheme and should I use it?
For most contractors with low costs the limited-cost-trader rate of 16.5% removes any advantage of the flat rate scheme, and the standard scheme reclaiming input VAT on equipment and software is better. Contractors with significant qualifying costs may differ. We calculate both at registration and review annually.
Which deadlines matter most for contractor accountants?
The next four dates that apply to contractor accountants are shown at the top of this page, calculated from today. For Bread Street clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
How do I get started from Bread Street, City of London?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for contractor accountants. Once you confirm, we tell you exactly which records to send and the work begins. Most Bread Street clients are set up within a day.
One message from Bread Street, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.