Contractor Accountants · South London
Contractor accountants in Sutton South
Contractor accountants for Sutton South who do not charge for every phone call. The Essential package covers the compliance a contractor company needs; Plus adds VAT and bookkeeping; Complete adds your personal return and a yearly planning call. Everything online, nothing filed until you approve it, and the fee is agreed in writing before you join.
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 Sutton South
Contractors and interim professionals in Sutton South 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 Sutton South, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
What you get in Sutton South
One fixed fee for contractor accountants in Sutton South, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Sutton South get reminders at 60, 30 and 7 days before each date that applies to contractor accountants.
No appointments, no travel across South London, no parking. Everything for contractor accountants in Sutton South happens online, with a real person on the other end during UK working hours.
A named person handles your contractor accountants from Sutton South 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 Sutton South business owners use, not in accountant's shorthand, and we show our working so you can check it.
You stay in control of contractor accountants: drafts go to Sutton South clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Sutton South
Sutton South is in South London, within Sutton, in the SM2 postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Sutton Town Centre | 0.5 mi | NW |
| Sutton, South London | 0.6 mi | E |
| Sutton Central | 0.6 mi | N |
| Carshalton Beeches | 0.8 mi | E |
| Sutton West | 0.9 mi | NW |
| Carshalton Central | 0.9 mi | NE |
| Sutton Green, Sutton | 1 mi | N |
| Benhilton | 1 mi | N |
Worth knowing
Rules that come up in this work
CIS deductions
CIS turns construction subcontractors into advance taxpayers: a fifth of every labour payment goes to HMRC before they see it. Registering keeps the rate at 20% rather than 30%; gross payment status, for established businesses with a clean record, removes deductions altogether. The annual return is where the overpayment comes back, and filing it early brings the refund sooner.
Confirmation statements and identity verification
Companies House has tightened its requirements under the Economic Crime and Corporate Transparency Act: every company needs a registered email address and an appropriate registered office, every statement includes a lawful-purpose declaration, and every director and PSC must verify their identity. The confirmation statement, due annually with a £50 fee, is where most of this is confirmed.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Late filing penalties
Penalties are the clearest reason to work to deadlines. A Self Assessment return one day late costs £100 regardless of whether any tax is due; three months late adds £10 a day. Late company accounts start at £150 and reach £1,500, and double if the previous year was also late. None of this is negotiable afterwards except through a narrow reasonable-excuse appeal.
Payments on account
If your Self Assessment bill exceeds £1,000 and less than 80% of your tax was collected at source, HMRC asks for two advance payments towards the following year, each half of the current bill, due 31 January and 31 July. The first year this happens the January payment is effectively one and a half times the bill. We model it in advance and show you how to reduce the payments if income is falling.
The Self Assessment calendar
Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.
Director's loan accounts
A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.
Questions
Contractor Accountants questions from Sutton South
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.
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.
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.
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 do Plus and Complete add?
Plus at £105 adds quarterly VAT returns and monthly bookkeeping from your bank feed, so the records are kept for you. Complete at £125 adds the director's Self Assessment return and an annual tax planning call covering salary, dividends, pension and the year ahead. Most contractors inside VAT choose Plus or Complete.
What is in the £75 Essential package?
Annual statutory accounts and CT600 filed with Companies House and HMRC, monthly director payroll with RTI submissions, dividend vouchers and minutes, the confirmation statement filed (Companies House £50 fee separate), and deadline tracking. It suits contractors outside VAT or who prefer to do their own VAT and bookkeeping.
Is contractor accountants in Sutton South really the same price as elsewhere?
Yes. The fee published on this page is what a client in Sutton South pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Do you have an office in Sutton South?
No. IGI Accounting is an online-only firm. We serve Sutton South and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for contractor accountants is the same in Sutton South as anywhere else in the country, and why there is nothing to visit and nothing to print.
Get a fixed quote for Sutton South today
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.