Accountancy built for UK IT and tech contractors
We provide specialist accounting with a dedicated, named accountant who understands the tech sector, alongside free FreeAgent software. Take control of your finances for one fixed monthly fee, with proactive advice on IR35, dividends, and tax efficiency.
Free to set up No minimum contract Switch in minutes
All-inclusive from
£104.50/mo + VAT
Essential Limited Company package starting monthly fee
Company formation and setup costs
Cost for full FreeAgent software access
Months of half-price fees for new clients
What you get with IT Contractor Accountants
Key things to know about it contractor accountants
Limited company versus umbrella working
Choosing the right operating structure depends on your contract status and personal circumstances.
- A limited company is typically the most tax-efficient route for contracts that fall outside IR35 rules.
- Umbrella employment is required for inside-IR35 roles, where PAYE tax and National Insurance are deducted at source.
- Limited companies pay 19% corporation tax on profits up to £50,000, rising to 25% over £250,000.
- We provide seamless switching between limited and umbrella structures to match your current contract status.
Navigating IR35 and status determinations
Understanding off-payroll working rules is essential to avoid unexpected tax liabilities.
- Medium and large end-clients are legally responsible for determining your IR35 status and issuing a status determination statement.
- For contracts with small end-clients, your limited company remains responsible for determining your own IR35 status.
- Outside-IR35 status allows you to pay yourself through a tax-efficient combination of salary and dividends.
- Inside-IR35 status means your fee payer must deduct income tax and employee National Insurance before paying you.
Tax-efficient salary and dividend planning
Understanding how salary and dividends are taxed helps you structure your income tax-efficiently within the rules.
- The tax-free personal allowance remains frozen at £12,570 for both the 2025/26 and 2026/27 tax years.
- The tax-free dividend allowance is set at £500 for the 2025/26 and 2026/27 tax years.
- For 2025/26, basic-rate dividends are taxed at 8.75%, and higher-rate dividends are taxed at 33.75%.
- From April 2026, basic-rate dividends rise to 10.75%, and higher-rate dividends rise to 35.75%.
Legitimate expenses for IT contractors
Claiming allowable business expenses reduces your company profit and your corporation tax bill.
- Expenses must be incurred wholly and exclusively for the purposes of running your IT contracting business.
- You can claim computer hardware, software licences, testing devices, and specialized training related to your trade.
- Travel and subsistence can be claimed for temporary workplaces, subject to the 24-month rule and supervision tests.
- A flat-rate home office allowance of £6 per week can be claimed without keeping detailed receipts.
The difference a dedicated accountant makes
Your own dedicated accountant
You will work with a named professional who understands the specific nuances of IT contracting. No call centres, just direct access to someone who knows your business.
Free access to FreeAgent
Manage your invoicing, track expenses on the go, and view your real-time tax liabilities. We include this industry-leading software in your fixed monthly fee.
No hidden extra costs
We charge a single fixed monthly fee covering all your core business and personal tax needs. You can contact your accountant as often as you need without extra bills.
Proactive tax planning advice
We explain how to structure your salary and dividends tax-efficiently while staying fully compliant, and keep you informed of changes to tax law that affect you.
Going it alone vs having us in your corner
You can absolutely do your own books. Here's what actually changes when a dedicated accountant takes it off your plate.
Doing it yourself
Accounting software
Pay for FreeAgent yourself — that's £100s a year on top.
Tax savings
Easy to miss allowable expenses, reliefs and allowances.
Your time
Evenings lost to receipts, spreadsheets and HMRC admin.
Knowledge & deadlines
MTD, National Insurance and filing dates — costly to get wrong.
With Workwell
Accounting software
FreeAgent included free, set up and ready to go.
Tax savings
Proactive planning to claim every allowance — often saving more than we cost.
Your time
We handle the books and filing, so you get your evenings back.
Knowledge & deadlines
A named accountant keeps you compliant and filed on time, every time.
The bottom line
Free software, more tax saved and your time back — for just £104.50/mo.
Most clients save more in tax and software than they pay us. Switching takes minutes.
Everything, sorted
Company setup and onboarding
- Fast limited company incorporation with Companies House
- Registration for corporation tax, PAYE, and VAT
- Setup of your free FreeAgent bookkeeping account
- Direct transfer of your existing accounts if switching
- A dedicated onboarding call with your named accountant
Ongoing bookkeeping and payroll
- Real-time bank feed reconciliation within FreeAgent
- Monthly payroll processing for director salaries
- Real-time information RTI submissions to HMRC
- Preparation and digital submission of quarterly VAT returns
- Tracking of business expenses and receipt management
Year-end and tax compliance
- Preparation of annual statutory accounts for Companies House
- Calculation and filing of your corporation tax return
- Director's personal self-assessment tax return preparation
- Proactive dividend documentation and board minutes
- Liaison with HMRC on all corporate tax queries
Advisory and contract support
- Independent IR35 contract and working practice reviews
- Guidance on salary versus dividends ahead of tax year-ends
- Advice on VAT schemes including the flat rate scheme
- Guidance on closing or making a company dormant
- Direct telephone and email support with your accountant
“Workwell has administered my company since formation in 2014. I am very happy with the quality of the service that they have provided. Danielle and Ross, in particular, have been excellent in their roles as lead client accountants.”
Limited company client
With Workwell since 2014
Questions, answered
Ready to get IT contractor accountants sorted?
A dedicated accountant, unlimited advice and free software — one simple monthly fee. Set up in minutes.