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Are you a freelancer, self-employed, or a contract worker? Perhaps you’re a part of the growing temporary workforce, working on a project-based model as an independent consultant? If so, AGP Consulting offers expert accountancy and tax consultancy services tailored specifically for you. We understand the unique challenges and opportunities faced by business freelancers and independent professionals. Based in Brentford and West London, we are ideally positioned to support your financial needs and help your business flourish.
Our team of dedicated tax accountants provides comprehensive tax consultancy services to ensure you stay compliant while maximising your income. We know that as contract workers and temporary workers, you need flexible, responsive services that adapt to your ever-changing needs. Our experts are here to provide just that, offering guidance every step of the way.
With offices in Brentford, West London, and East London, we are easily accessible. We invite you to call the number on our website to discover how our bespoke services can help your business grow. At AGP Consulting, we don’t just offer accountancy and tax consultancy services; we offer a partnership that supports your success. Don’t leave your financial future to chance – partner with the professionals at AGP Consulting today.
Freelancer? Self employed? Sole trader? If you don’t have employees but you are not an employee yourself, it can be hard to know what you are classified as by HMRC (Her Majesty’s Revenue and Custom).
AGP Consulting can tell you where you stand within the taxation system to ensure that you are acting within legal guidelines and providing HMRC with the correct information, when they need it.
Once your adviser has assessed your category in the eyes of HMRC, they will be able to advise the best way for you to record your accounts in order for them to be maintained correctly throughout the year. By staying on top of your accounts all year long, you will be able to get a better picture of your financial situation and see any areas of extreme profit or loss, as well as making tax calculations simpler at year end.
Some contractors will be affected by IR35. IR35 applies to employees who have similar responsibilities to on-payroll employees, but who work off payroll. The process of deciding whether IR35 applies to you can be complicated but the policy is essentially there to ensure that if there are two workers, one of whom is off-payroll and one who is on-payroll, the off-payroll worker (contractor) pays the same level of tax and National Insurance as the employed worker.
The off payroll working rules were introduced in April 2017 but have changed again on April 2020. If you are self-employed as a freelancer or contractor and one of your roles is more like permanent employment than contracted freelance or contract work, you may be subject to IR35. AGP Consulting’s experienced professionals will be able to tell you which category you fall in and ensure that you remain compliant with legislation as and when it changes.
If you work for more than one client and you are subject to IR35 for one of those clients, you may not necessarily be subject to IR35 for all of them. If you are a contractor, it is particularly important that you understand your IR35 status so that you can file your annual return correctly and pay the right tax.
AGP Consulting’s advisers stay ahead of changes in legislation so that they can provide you with up to the minute guidance, whenever you need it.
Whatever your employment status, industry or size, AGP Consulting’s diverse team of experienced advisers possess the knowledge, experience and skills to give you the very best advice and guidance to help you to operate within legal parameters.
For more advice, or to find out more about the tailored accounting, bookkeeping and tax services that we provide, get in touch.
We are detail oriented and always ensure an outstanding service to all clients. If you would like help getting to grips with your VAT, get in touch with us.
AGP Consulting, with our offices in Brentford and London, is poised to provide top-tier accountancy services to a diverse range of businesses across various industries. We are proud of our multi-faceted team, which includes British-born Bangladeshi Muslims, who bring an array of cultural perspectives and expertise to our practice. Whether you’re a law firm, a pharmacy, a startup, or an e-commerce platform, our team has the industry-specific knowledge to help your business succeed financially.
Our comprehensive offerings include accounting and bookkeeping services, VAT consulting, and specialised support for contractors and freelancers. Our Muslim accountants understand the unique financial needs of businesses in our community, just as our VAT specialists and chartered accountants provide expert guidance to those navigating complex tax landscapes. From family businesses to personal trainers, freelance teachers to Bengali businesses, AGP Consulting is committed to providing culturally sensitive, professional, and effective accountancy services that drive success.