Accountancy and tax for consultants, contractors and micro businesses
Are you looking for help with your accounts and tax returns?
If you are a small business, whether a limited company, sole trader, partnership or LLP, from start up stage to established, we can help with all your accounting needs.

If you work with us, we will take care of all compliance requirements and act as your agent with HM Revenue & Customs and Companies House and deal with them on your behalf. This will enable you to focus on running and growing your business with the confidence that all accounting deadlines are met and that your tax bill is as low as it can be.

Strong experience
ACCOUNTANCY — 16 years
VALUE ADDED TAX — 16 years
MANAGEMENT ACCOUNTS & REPORTING — 15 years
CORPORATION TAX — 9 years
PERSONAL TAX ADVISORY — 6 years
COMPANY FORMATION — 6 years
Wide range of services

Accountancy

Preparation of your annual statutory accounts and filing with Companies House and HM Revenue & Customs, completion of your tax and VAT returns. We’ll make sure you never miss a deadline!

Tax advisory

We can help you decide on the right structure for your business, choose whether you should be VAT registered or not, and advise you on the most tax-efficient remuneration package and tax deductible business expenses.

Business support

We can take charge of your bookkeeping, your payroll and RTI submissions, and put you in contact with our business partners for your other business support needs.

Company formation

Once we have received all the required information, your new limited company will be incorporated within 24h. We will email you the incorporation documents and register the company with HMRC for corporation tax.
Unique Approach
We are based in Horley, Surrey. Most of our clients are local businesses either in Surrey or London, and we are also happy to work on a national or international basis, typically via e-mail and video calls.
We specialise in working with micro businesses, contractors and consultants in the services industry (IT, human resources, design, training, etc).
Choose FRAccountants
Professional, timely as well as personal service from your dedicated qualified accountant.

  • Fair prices agreed in advance

  • Ongoing support and guidance

Company information
FRAccountants Ltd is a company registered in England & Wales: company number 07389161.
ACCA

FRAccountants is accredited by the ACCA, which means we are wholly composed of Chartered Certified Accountants and covered by ACCA’s Group Consumer Credit Licence under the terms of the Consumer Credit Act 1974.

References
Shell
DTZ
Bunge
Cymbio
ITV
Learning Tree International
Indigo Business
Nintendo UK

For more information

Contact us to have a chat about our services and how we can take care of the accounting side of your business so you don’t have to worry about it.

Contact us
Blog & Resources

  • Dividend tax from April 2016

        The new dividend taxation announced in the Summer Budget, which will apply from 6 April 2016 will have a significant impact on the tax paid by small companies owners and contractors who pay themselves a small salary designed to preserve entitlement to the State Pension, and a much larger dividend. The proposed changes…

  • 2019-20 tax for small business owners and contractors

    Tax update for 2019-20 The new thresholds and allowances will apply from 6 April 2019. Personal Allowance The amount you can earn before paying income tax via PAYE will increase to £12,500 (from £11,850). Income tax rates The higher rate tax threshold will increase from £46,350 to £50,000. Class 1 national insurance threshold The primary…

  • VAT Invoice

    What a VAT invoice must show

    Confused about VAT invoices? As soon as you become VAT registered, you need to make sure that your VAT invoices meet the UK/ EU requirements. The elements which must appear on your invoices are different if your client is in the UK or in another country in the European Union.

  • Maternity Pay & Allowance

    Maternity Pay & Allowance for business owners

    Sole trader or director of your own limited company? Pregnant or planning to start a family? Confused about Maternity Pay & Allowance? There are 2 distinct benefits you could be entitled to claim depending on your business structure and level of earnings: Statutory Maternity Pay or Maternity Allowance.

  • Salary and dividends 2015-16

      From April 2015, the personal allowance is increasing to £10,600. The employment allowance (tax break on the first £2k of employer NI) will still apply.   For company directors who wish to pay themselves a low salary and the balance they take out of the company as dividends, the two remuneration options are:  …

  • Tax-efficient salary and dividends in 2016-17

    The new thresholds and dividend taxation came into place on 6 April 2016.   Director salary in 2016-17 The £2,000 employment allowance is no longer be available to companies where the only person on the payroll is a director. The most tax-efficient salary for those companies will be a salary just below the NI threshold,…

  • Tax-efficient salary and dividends in 2018-19

    Director salary in 2018-19 The employment allowance is not available to companies where the only person on the payroll is a director. The most tax efficient salary for those companies will be a salary just below the NI threshold. The difference with paying yourself a salary at the personal allowance level (£11,850) is small however,…

  • COVID-19: support for businesses

    COVID-19: what is the support available for businesses? The Chancellor, Rishi Sunak, has announced measures to support businesses. This include the coronavirus job retention scheme, the self-employment income support scheme, VAT and self-assessment payments deferrals, statutory sick pay help, grants and loans: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

  • Trivial benefits for employees and directors

    An employer can now provide trivial benefits such as a bunch of flowers, a box of chocolates, without having to put it on the P11D and without any tax or national insurance for either employer or employee. This is valid for the current tax year. There are three key conditions: the trivial benefit must cost…

  • VAT flat rate changes: limited cost traders

    In the Autumn Statement, the chancellor announced changes to the VAT Flat Rate scheme. From April 2017, HMRC will introduce a new category of trader, a ‘limited cost trader’, with a Flat Rate Scheme (FRS) percentage of 16.5%. A business within the FRS will have to consider for each VAT accounting period whether it is a…

  • Dividend tax in 2018-19

    Dividend allowance and dividend taxation in 2018-19 The tax-free allowance will be reduced to £2,000 from April 2018 (from £5,000 in 2017-18). The dividend tax bands are: 0% below £2,000 (above the £11,850 personal allowance) 7.5% basic rate 32.5% higher rate 38.1% additional rate

  • UK Property Renting

    UK Property and Tax: Non UK Residents

    Do you own property in the UK? Are you planning to leave the UK (whether on a temporary or permanent basis) and rent the property you have there? In this case, you need to be aware of the NRL (Non Resident Landlord) scheme. Unless you have successfully applied to HM Revenue & Customs

  • 2020-21 tax update for small businesses

    Further to the Budget delivered on 11th March, here is a summary of the key announcements: Personal allowance and higher rate limit The personal allowance is frozen at £12,5000 and the higher rate tax threshold is also frozen at £50,000. There are no changes to income tax rates. The corporation tax rate remains at 19%.…