Accountant for Contractors Croydon : Taxaccolega


With our innovative combination of expert advice, friendly professionals and groundbreaking accounting technology managing your books and keeping track of unpaid invoices has never been easier.

Our proven strategy enables you to get an update on your accounts at a glance and we also ensure your tax liabilities are in order.

As specialist in contractor accounting we do not like to over complicate matters and have devise a system that is easy to use and provides you with an up-to-date picture of your business’s finances. We also appreciate that the way you run your business has its own unique essence and our system allows us to be flexible to tailor our services especially to your needs.

Advice for contractors

We provide a comprehensive range of services including Chartered Accountancy Services in London and Business Advice for Contractors so that we can build a complete and in-depth understanding of your business. We will work out a financial plan with you setting targets and the strategies required to achieve success, together with ways of reducing you r tax liabilities as a sole trader handling your year-end accounts and dealing with correspondence from HMRC.

Allowable expenses for contractors

As a contractor you are entitled to deductible tax benefits. Below is a brief list of expenditures, and whilst it is not exhaustive it does include the most common expenses that can be reclaimed purely for business purposes.

  • Accountancy fee
  • Company formation
  • Printing
  • Postage
  • Stationary
  • Business telephone calls
  • Business travelling
  • Employers NI contribution
  • Salaries paid by the company to Contractor and Contractor’s spouse for work done
  • Computer software
  • Business entertainment
  • Equipment purchased
  • Use of home as an office
  • Books and journals
  • Subscriptions
  • Company bank charges & interest
  • Christmas party allowances - limited to maximum of £150.00 per employee

Although we do not need to see your receipts, we advise you to hold onto any for which you intend to make claims for as an business expense. We recommend you keep your receipts for at least 6 years as HM Revenue & Customs may ask to see your accounts for previous tax years if they randomly investigate you under IR35 investigation process.

To find out what other non-taxable expenses you are entitled to as a contract, sole trader or freelancer, call Taxaccolega on 020 8127 0728 or contact us by email on

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