Accountants for IT Contractors
High rates of pay, flexibility and freedom from office politics are just some of the reasons why contracting in the IT sector is more popular than ever. If you choose to make the leap into contracting, you need professional specialists on your side.
How Boox can help you
Our unique intelligent app gives you instant access to your finances anytime from anywhere, allowing you to invoice your clients, submit your expenses and see what funds are available to withdraw from your limited company. If you are already using software such as Freeagent or Xero, we can fit in with that too, as well as serving your needs if you are contracting as a sole trader or running an IT provision business.
Professional IR35 reviews
IR35 can be a worry for some IT contractors but we can set your mind at rest. We can help you determine your IR35 risk through a high-level contract review. We can also advise you about changes that may impact you if you are providing IT services to public sector clients. We’ll then help you tailor your online accounting according to your status.
IT contractors regularly incur travel and subsistence costs and may typically have to purchase equipment essential to their job, such as laptops or peripheral hardware. We’ll advise you on what business expenses you can claim through your limited company or as a sole trader, while the Boox apps let you manage these effectively online.
Support & Advice when you need it
While you excel in your field, our team of client accountants excel in theirs. Your dedicated accountant will always be on hand with proactive help & guidance, just pick up the phone, drop us a line or use the live chat function.
If your turnover exceeds the VAT threshold, you will need to register for VAT. Even if you are not at the limit, it can be beneficial to voluntarily register for VAT if you deal with customers who are also VAT registered. We’ll help you to decide the best approach to dealing with VAT, whether it’s standard VAT or the Flat Rate Scheme. We can also complete your quarterly VAT returns for you.
Strategic advice on any aspect of IT contract accounting is available at the click of a button with our extensive help & advice section. It pulls together hundreds of relevant articles from our team of experts and is constantly being reviewed and added to.
Comprehensive business insurance, particularly Professional Indemnity cover, is essential for IT contractors. Our insurance partner Kingsbridge, provides specialist contractor insurance packages at preferential rates for Boox clients.
Personal Tax Returns
Aside from the affairs of your business, you will also need to file a personal tax return. If you don’t have the time to deal with it yourself and don’t want to miss the deadline or face the penalties, let us prepare and file it for you with our simple, efficient self assessment service. If you are working as a sole trader, don’t worry, our standard self- assessment is included in your service.
Skilled IT contractors are always in demand.
Let us help you focus on doing what you do best.
See our guide to your business options as an IT Contractor