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Elevate your finances, elevate your projects
At Wellway, we specialise in providing comprehensive accounting services specifically designed for contractors.
Whether you are an IT contractor, engineer, offshore worker or consultancy service provider, our team of seasoned accountants can understand the unique financial challenges and opportunities that contractors face within their industry.
How we can help you
Perhaps you’re finding it difficult to get to grips with the implications of the IR35 tax? Maybe you’re feeling daunted by the self-employed/employed debate and how you could be left open to a negative response from HMRC? Using our lengthy experience, we are able to understand how HMRC are likely to interpret the rules on tax for your particular case. We can then present your affairs in a way that ensures your business is compliant and operates in the most tax-efficient way, maximising your income and minimising your liabilities.
We understand that this area can be complex, and while there is a lot of information available to contractors – engaging with our professional advisors and personalised services can save you many hours of administration, frustration, and a considerable amount of tax. Let us put you on the right footing and ensure your affairs are always in order.
Our Services:
- Tax Planning and Advice - We can guide you through the muddle of regulations imposed on your industry (i.e. IR35 tax) and help minimise compliance costs and maximise credits.
- Financial Reporting and Analysis - We can help you gain valuable insights into your contracting business’s financial health with our robust reporting and analysis services. Our reports can help you make informed, strategic financial decisions.
- Strategic Business Planning - We are experts at charting courses for sustainable growth, being able to identify opportunities and mitigating risks specific to contractors and their industries.We can also offer contractor-specific advice on structuring your business.
- Project Cost Accounting - We can help you keep a tight grip on your financials throughout project lifecycles, ensuring the accurate tracking and allocation of costs. We are experts at managing budgets effectively to enhance your profitability.
- Cashflow Management - Our experts can help you implement effective cash flow management strategies, ensuring that you have the liquidity needed to meet project demands and sustain healthy operations.
- Ongoing Support and advice - Beyond numbers, we offer ongoing support and strategic advice to guide you as your business grows.
Let’s make it happen
Contact us today to see how we could make a real difference to your wealth.
Accountants for Doctors
As specialist accountants for GPs and locums, Wellway offers strategic planning and tax advice for doctors, along with practical services such as tax returns. From advice on IR35 and how your employment status might affect your tax bill to guidance on the tapering of the annual pensions allowance, all of our services are built on years of first-hand experience working with medical practitioners. If you run your own practice, as a partnership or limited company, we can handle finance functions such as payroll and bookkeeping on your behalf.
Accountants for Dentists
We provide accountancy services to dental practice owners, associates and locums alike. As well as standard medical practice accounting services, as specialist dental accountants we can provide support in everything from deciding the best structure for your business to dental practice valuation.
Accountants for Opticians
We support the tax and finance needs of opticians and optometrists operating as sole practitioners, in partnerships, through limited companies or as locums.
We know that in working with opticians, accountants need to be particularly aware of the complexities of VAT. Eye tests, or sight tests, are VAT exempt, for example, and the VAT treatment of spectacles requires an understanding of the dispensing element, which is VAT exempt, vs. the sale of frames and lenses, which are not. Contact us today and see how we can provide you with financial clarity.
Accountants for Vets
Whether you specialise in providing agricultural veterinary services or working with domestic animals, our team of experienced vet accountants can give your practice the tax advice and financial support it needs to grow. From how best to structure your veterinary business to valuations and succession planning, we’re ready to help.
Accountants for Pharmacists
We’re experienced in pharmacy accounting for both businesses and for individual locum pharmacists. For pharmacy practices, whether operating in a single location or across multiple premises, we can provide support with payroll, bookkeeping, VAT returns and corporation tax returns. As locum pharmacist accountants, we’re able to offer tax planning, hands-on help with personal tax returns and wealth management services.
