Custom and compliant accountancy services for contractors, recruitment agencies and small businesses
We offer specialist contractor accountancy services
Whether you are new to contracting or are a seasoned contractor, our accountancy division CloudAccountant.co.uk has the perfect solution for your needs.
With over a decade of specialist experience in the contracting industry, we have helped tens of thousands of contractors make light work of their finances.
How we can help you as a contractor
From acting as your registered address, to providing you with the accountancy software that allows you to run your business on the move, we fully understand your specialist contracting needs.
Supported by innovative cloud-based accounting technology and qualified accountants, we’ll give you the best help at every stage of your contracting journey.
We are proud Platinum Partners of FreeAgent and Xero – the market-leading cloud-based accounting software that’s trusted by millions worldwide.
Peace of mind that you're compliant and in safe hands
Our accountancy division CloudAccountant.co.uk is an ICAEW regulated firm, giving you peace of mind. Appointing CloudAccountant.co.uk will ensure you get an accountancy firm who is qualified, committed and accountable.
We offer contractors the flexibility to move between our Umbrella.co.uk PAYE and CloudAccountant.co.uk limited accountancy services, depending on the IR35 status of the contracts.
The difference between contracting through an umbrella company or a limited company
The biggest difference between operating via an umbrella company or through your own limited company is paperwork! If you operate through an umbrella company like Umbrella.co.uk, you will be an employee and they will be responsible for all your income tax and National Insurance contributions. Like employees in any other company, you will also be entitled to all statutory employment benefits like maternity, sick and holiday pay.
However, if you choose to operate through your own limited company, you will be responsible for your own tax obligations as a company director. Don’t worry though, our friendly expert accountants will support you with admin and advice so you can focus on your work.
As a rule of thumb, operating through an umbrella company is usually a better option for contractors on short contracts or who earn less than £35,000 per year.