Our contractor accountancy service fits the day-to-day reality of running a limited company or working as a sole trader, not generic small business accounting for a contractor label. Your accounting, your accountant, and your service should understand contracting from day one.

• Self assessment tax returns and personal tax
• Corporation tax returns and annual accounts
• VAT returns, monthly payroll and bookkeeping
• Company formation and ongoing Companies House filings

We save contractors time by handling the calculations and paperwork that eat into evenings and weekends. Most contractors would rather work a contract than reconcile a spreadsheet.

Setting Up, Running Or Closing Your Limited Company

We handle your company formation from scratch, register you with HMRC and Companies House, and help you open a business bank account. If you already run your own limited company, we'll review its structure and flag anything quietly costing you money. We also support dormant companies between contracts, and if you're finishing up or pausing contracting, we can close your limited company down properly, including final dividends and the director's loan account. Your accountant handles the paperwork so your company stays properly registered.

Staying On Top Of Corporation Tax And Self Assessment Deadlines

Late corporation tax returns can lead to penalties that are easy to avoid with the right accountant tracking your dates. We prepare your annual accounts, file your corporation tax return, and submit your self assessment tax return ahead of the deadline.

Knowing your tax obligations, rather than just meeting them at the last minute, is the difference between reacting to a tax return and having real tax planning in place. We review your self assessment tax return before it's submitted, keeping your tax compliance on track, your accounting accurate, and your accountant close by if HMRC writes to you.

Making Tax Digital for Income Tax starts applying from April 2026 for anyone with qualifying income over £50,000. That threshold drops to £30,000 in April 2027 and £20,000 in April 2028, so more contractors will be pulled into digital record-keeping over the next couple of years. The qualifying income figure for Making Tax Digital is based on gross income before expenses, not your taxable profit.

We'll tell you early if Making Tax Digital applies to you, get you set up on the right accounting software, and handle your quarterly updates. Even if you're not yet within the rules, moving your bookkeeping onto proper accounting software now makes sense, since the lower thresholds will catch many contractors eventually. Our accounting team keeps your software compliant as the rules change.

Not claiming all allowable expenses is a common mistake, and many contractors miss legitimate claims simply because they don't know what they're entitled to, from home working costs and mileage to equipment, software and training. We make sure you're claiming everything you're allowed to, keeping your business tax efficient and fully compliant. That's advice you can act on, not just a list in your accounting software, and your accountant checks the details before submission.

Contractor income can swing sharply between assignments. We help you build a tax reserve, plan dividends around your actual contract income, and decide how much money to leave in the company versus draw out, with support and clear compliance in place, whatever your contract calendar looks like. Most accountants only hear from you at year-end. We'd rather you called or jumped on a video call the moment something changes, because that's the support contractors need between assignments.

We work with sole traders, small business owners and limited company contractors across the UK, overseeing your bookkeeping through accounting software that keeps records accurate all year round, not just at deadline time, which helps avoid costly compliance mistakes.

Clients tell us the biggest difference is ongoing support rather than a once-a-year phone call. Our unlimited support means you can ask a question the moment it comes up, whether that's payroll, VAT or a client contract, the same whether it's a quiet month or a busy one. We give practical advice, not vague reassurance, early enough that you can act on it, rather than finding out at year-end when it's too late.

A lot of small business accountants treat contractors as an afterthought. Our expert accountants focus on contracting, so the expert guidance you get reflects how contractors actually work. You keep control of your decisions, we manage the numbers, and our team steps back once you've decided, so you can focus on delivering contracts. We keep our service personal and support consistent, whether you're a new sole trader or one of our longest-standing clients managing your finances with us, and our unlimited support never gets rationed. We simply try to make accounting simple as an accountancy firm.

If you're a contractor, sole trader or limited company owner who wants your tax, payroll and compliance handled properly, contact Vexo Accounting for a free quote. You'll speak to a real accountant, not a call centre script, with support in place from the very first conversation and ongoing support whenever your business needs it, stress-free from the first call.