Trust Ledger Accounting LtdAccountant for contractors and freelancers
Your limited company looked after for a fixed monthly fee, from £79 + VAT
Trust Ledger Accounting looks after contractors and freelancers who work through their own limited company, including software developers, IT contractors, consultants, designers and engineers. For a fixed monthly fee from £79 + VAT, you get FreeAgent software, your annual accounts, Corporation Tax return and your own Self Assessment, with a MAAT-qualified accountant to ask when a decision comes up.
We are based in Salford, Greater Manchester, and work online with contractors across the UK. There is no minimum term and no set-up fee.
| Monthly fee | Starter £79, Standard £119 with VAT returns and payroll, Complete £150, each + VAT |
|---|---|
| Included in every package | FreeAgent, annual accounts, CT600 and one director's Self Assessment |
| Contract | Monthly rolling, 30 days' notice, no set-up fee |
| Response time | Enquiries and questions answered within 1 working day |
More than a once-a-year filing
Most contractors do not need more paperwork. They need someone to answer the questions that decide their take-home pay. During the year we help you think through:
- Salary and dividends. How to split what you take from the company between salary and dividends
- Pension contributions. Paying into a pension from the company, and what that does to Corporation Tax
- Expenses. What you can and cannot claim, from equipment and software to travel and working from home
- VAT. Whether to register, and whether the Flat Rate Scheme helps or hurts
- Setting money aside. A running estimate of Corporation Tax and personal tax, so nothing is a surprise
Figures contractors ask about
| Item | Current figure |
|---|---|
| Corporation Tax | 19% on profits of £50,000 or less, 25% above £250,000, marginal relief in between |
| Dividend allowance | £500 a year |
| Dividend tax rates, 2026 to 2027 | 10.75% basic rate, 35.75% higher rate, 39.35% additional rate |
| VAT registration threshold | Taxable turnover over £90,000 in 12 months |
| Flat Rate Scheme, limited cost business | 16.5% of VAT-inclusive turnover |
Sources: GOV.UK pages on Corporation Tax rates, tax on dividends and the VAT Flat Rate Scheme.
What is included
- A full FreeAgent subscription, with bank feeds, invoicing and receipt capture
- Year-end company accounts and Corporation Tax return, filed for you
- Your own Self Assessment return
- Quarterly VAT returns and payroll on the Standard and Complete packages
- Answers from a qualified accountant, by email on Starter and by phone as well on Complete
IR35
Whether a contract is inside or outside IR35 depends on the contract and how you work. We explain how each outcome affects your tax and take-home pay, and keep the accounts right either way. We do not carry out formal contract reviews, and can point you to a specialist if you need one.
Switching is free
We contact your previous accountant for the handover, set up or link FreeAgent, and bring across your opening balances. See the pricing page for full details, or read what an accountant should cost. If you write software for a living, see our page for software developers.
Figures checked against GOV.UK and last updated on .
Enquire about contractor accounting
Common questions
How much does a contractor accountant cost?
Our packages for limited company contractors start at £79 + VAT a month, including FreeAgent, annual accounts, the Corporation Tax return and one director's Self Assessment. With VAT returns and payroll it is £119 + VAT a month.
Do you work with software developers and IT contractors?
Yes. We work with software developers and IT contractors who run their own limited company.
Can you help me decide between salary and dividends?
Yes. We talk through how to split what you take from your company, using the current tax rates and your own circumstances.
Do you do IR35 contract reviews?
No. We explain how IR35 status affects your tax and keep your accounts correct either way, but formal contract reviews are done by specialists, and we can point you to one.
Is there a minimum contract?
No. Packages run month to month with 30 days' notice, and there is no set-up fee.