Contracting should reward the risk you take, not bury you in admin and IR35 worry. We give contractors, freelancers and personal service companies a dedicated named accountant, a fixed monthly fee and cloud-first books — so your take-home is sound, your status is documented and HMRC never has a reason to come knocking.
Contractors & Freelancers
Here's exactly what's involved — and how your own named accountant handles each part for you.
IR35 decides whether HMRC treats you as genuinely self-employed or as a disguised employee for a particular engagement. Get it wrong and the tax difference is significant, so it pays to understand who decides and why.
If most of your work falls outside IR35, your own limited company is often the more tax-efficient route and gives you full control. If you are routinely inside IR35 or contracting short term, an umbrella can be simpler, with less paperwork to manage.
Through a limited company, profit is usually taken as a mix of salary and dividends, planned around your wider income so you keep more of what you earn. We map this out with you each year and keep it under review as the rules and your circumstances change.
We set up and run your books in Xero, QuickBooks or Sage, with bank feeds reconciled regularly so your numbers are always current. You can raise invoices, snap receipts and see your take-home from your phone, while we handle the filings in the background.
Moving to us is paperless and usually takes just a few days. With your permission we contact your previous accountant, obtain your records under standard professional clearance and get everything across, so there is no gap in your compliance and nothing for you to chase.
We are ACCA-qualified, work to chartered standards and carry full professional indemnity insurance. With our office in Manchester and everything in the cloud, you get the same proactive, named-accountant service wherever you contract across the UK.
Last reviewed: June 2026. This page is general guidance, not advice — figures relate to the 2025/26 UK tax year and may change. Please get in touch for advice tailored to your circumstances.
FAQ
It depends on the end client. In the private sector, a medium or large client decides and issues a Status Determination Statement; if the client is small, your own limited company decides. In the public sector, the client always makes the determination.
Book a free, no-obligation consultation and we'll show you exactly how MMR can help — with a clear fixed-fee quote and no pressure.
