Contractor Industry Expertise

Industry Expertise

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Cutting Edge Technology

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Exceptional Customer Service

 

IT ALL ADDS UP

What we do and how we do it

Anyone can crunch the numbers. We do more. From the first time you contact Acumenica, our focus is on adding value to your contracting company. Typically, this is in the form of tax planning and advice.

You’ll probably want to ensure your company is set up in the most tax efficient manner. If you’re new to contracting we’ll explore and explain the options available to you. If you’ve already got your company, we’ll perform a root and branch review to ensure that you are operating in the most tax efficient manner. We’ll focus on areas such as:

  • Drawing strategy – how much salary, how much dividend?
  • Share structure – should your spouse be a shareholder?
  • Deferral of income- can you avoid higher rates of tax by leaving reserves in the company?
  • Expenses – are all expenses and reliefs being claimed?

We believe your tax planning is a process, not a service. That’s why, using the power of Freeagent, we are able to work on your real-time financial information to ensure you’re being as efficient as possible.

And our, unique, pre-year end tax planning session will ensure you’re in the best shape possible.

Oh, aye, we also look after the boring stuff:

  • VAT returns
  • Annual accounts
  • Corporation tax returns
  • Self assessment tax returns
  • Payroll administration
  • Dividend management
  • Dealing with HMRC correspondence and queries

Not bad for £89 plus VAT per month.

The IR35 Zone

Rarely has there been an Inland Revenue press release that has become so famous, or perhaps infamous. In March 1999 issued press release number IR35 which set out the Revenue’s plans to clamp down on the growing use of one-man-band limited companies to provide professional services to clients, where the individual was still working in a manner akin to a traditional ‘employee’, while enjoying the tax benefits afforded them by a corporate structure.

Perhaps the most significant development in recent years is the current proposal to shift the decision making process around who assesses employment status. Currently this decision rests with the “worker” but from April 2020, the decision will be made by the engager. The clear implication is that the engagers will make “blanket rulings” and deem all of their contractors inside.

Now more than ever, contractors need to be informed so they can mobilise and protect themselves. The Acumenica IR35 zone below gives you the information, while we provide the expertise.

IR35 Reforms Presentation

IR35 Reforms Presentation

Last night we presented our final (for now) IR35 reforms webinar. Thanks to all who tuned in tonight and last week and to all who attended the recent live events at Freeagent too. All told, we’ve had a great opportunity to present to in excess of 400 contractors....

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LinkedIn and your IR35 Status

LinkedIn and your IR35 Status

We all know that to be considered outside IR35 that you have to satisfy a number of conditions. Chiefly these relate to Direction and Control; Right of Substitution and Mutuality of Obligation. But in addition, other factors are considered. Amongst other things, the...

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RBS announce IR35 position

RBS announce IR35 position

Acumenica has seen an email which has been issued by one of RBS’s Staffing Solutions providers and it doesn’t look good. The bank has stated that after 6 April 2020, most contractors won’t be able to work for RBS via their own limited company.  They will...

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Tescobank declares position on IR35

Tescobank declares position on IR35

Tescobank has become the latest financial services company to announce their plans in light off the proposed Off-Payroll Extension next April. Tescobank are currently in a holding pattern while they assess the options for managing off-payroll resource, but in the...

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IR35 – Where Are We Now?

IR35 – Where Are We Now?

It’s been one helluva summer at Acumenica Towers trying to keep abreast of all the changes and prepare for April 2020. There’s been a lot of talk, we’ve had meetings with MPs, there’s been questions asked in parliament and there’s been a constant churn of conjecture...

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Autumn Budget 2018 – Our First Thoughts

Autumn Budget 2018 – Our First Thoughts

The Budget Statement sets out the government’s fiscal plan for the short-term future of the UK economy but there was really only one item of any interest to the country’s contractors so let’s get straight to it. Private Sector Off-Payroll Reforms We knew that the...

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CONTACT US

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Head Office

Acumenica
First Floor
4 Earl’s Court
GRANGEMOUTH, FK3 8ZE

Tel: 0333 800 4303
Email: info@acumenica.co.uk

Edinburgh Office

Acumenica
Exchange Place 2
Semple Street
EDINBURGH, EH3 8RL

Tel: 0333 800 4303
Email: info@acumenica.co.uk

Glasgow Office

Acumenica
2 West Regent Street
GLASGOW
G2 1RW

Tel: 0333 800 4303
Email: info@acumenica.co.uk