Historically, the majority of contractors have worked through their own limited companies since the tax advantages of working this way are usually far greater than any other compliant method. The introduction of IR35 in 2000 attempted to remove these advantages but does so only for contracts falling within IR35. Very simply, IR35 states that if, other than for the existence of an intermediary company, you would have been an employee of the end user then you will be treated as an employee for tax purposes regardless of how you organise your affairs. As a general rule, if you genuinely fall outside of IR35 rules then you are invariably better off contracting via a limited company, often called a Personal Service Company (PSC).

NCAT Solutions provide tailor made accountancy services for contractors working through their own limited companies.

Running a limited company involves numerous tasks and responsibilities:

• Book keeping
• PAYE
• Annual accounts
• VAT returns
• Corporation tax returns
• Statutory forms

...and more which can use up your time and ultimately cost you money.

Our business is based on making sure that you have the freedom to concentrate on your contract while we take care of most accounting matters.
So we want to make things as simple as possible. That's why we provide a choice of the best online accounting software to simplify your life.

Whether you choose the simplicity of Sageone giving you access 24/7 or run with your own software you will receive our all-inclusive accounting services and advice within the same monthly fee.