Limited Company
Company accounting for contractors and freelancers.
Running a limited company as a contractor or freelancer gives you flexibility, credibility and tax efficiency — but it also brings a stack of compliance obligations. Heartlands acts as your outsourced finance department: we keep your cloud books reconciled, run VAT returns and payroll, prepare statutory accounts and the CT600 corporation tax return, file with Companies House and HMRC, and advise on the most tax-efficient mix of salary and dividends. You get a named accountant, unlimited email support, and a fixed monthly fee that removes the surprise bills common with traditional practices. Whether you are a one-person PSC, an IT contractor, a consultant or a small freelance agency, we make your company accounts feel effortless.
What this service does
Our limited company service covers the full lifecycle of contractor and freelancer accounting. We reconcile bank and card feeds weekly, process sales and purchase invoices, run quarterly or monthly VAT returns, operate a director payroll, prepare statutory accounts under FRS 105 or FRS 102, compute corporation tax and submit the CT600, and file everything electronically with Companies House and HMRC. We also provide year-round tax planning — dividend timing, salary vs dividend optimisation, pension contributions, company expenses and IR35 considerations — so you keep more of what you earn while staying fully compliant.
- Keep company books accurate, reconciled and HMRC-ready every month
- File statutory accounts and corporation tax on time, every year
- Optimise the salary and dividend mix for maximum take-home pay
- Remove compliance stress so you can focus on client work
- Replaces spreadsheet chaos and year-end panic with a predictable monthly rhythm
- Reduces corporation tax and personal tax through legitimate planning
- Provides a clear monthly picture of company profit, cash and tax reserves
- Keeps Companies House and HMRC records clean and penalty-free
Service capabilities
The measurable upside
Automated bank feeds, receipt capture and scheduled reviews reclaim 5–15 hours a month of admin time.
Tax-efficient remuneration planning typically saves contractors £1,000–£4,000 a year compared to taking all income as salary.
Bank-grade encrypted document storage, ICAEW Practice Assurance standards and full professional indemnity insurance.
100% on-time filing record for statutory accounts, VAT, payroll and corporation tax across our client base.
A single team handles bookkeeping, VAT, payroll, accounts and tax — no handoffs between departments or surprise fees.
Sectors we work with
What sets Heartlands apart
Chartered partners with 15+ years across UK SMEs, owner-managed businesses and scaling startups.
ICAEW, ACCA and CTA qualified specialists handling every engagement end-to-end.
From onboarding and software setup to filing, reporting and HMRC representation — one accountable team.
Birmingham-based with a direct line to your partner. No call centres, no offshoring, no surprises.
We train your team on Xero, QuickBooks and reporting workflows, then keep the system healthy month after month.
How we deliver, end-to-end
- 01ConsultationA free 30-minute scoping call to understand goals, structure, deadlines and pain points.
- 02AssessmentWe audit your books, filings and software stack to surface risks and quick wins before quoting.
- 03PlanningA written engagement plan: scope, deliverables, deadlines and a fixed monthly fee — no hourly billing.
- 04ImplementationSoftware configured, ledgers migrated, controls set up and the team onboarded with zero downtime.
- 05TestingReconciliations, trial runs and sign-off on the first month's outputs before going live.
- 06TrainingHands-on training for your team plus written SOPs so the process is sustainable, not dependent on us.
- 07Ongoing supportContinuous filing, monthly reviews, unlimited email support and proactive deadline management.
Frequently asked questions
Limited Company Package
Everything a contractor or freelancer needs to run a compliant, tax-efficient limited company — under one fixed monthly fee.
- Preparation & Submission of Statutory Accounts
- Preparation & Submission of Corporation Tax Return (CT600)
- Preparation & Submission of Quarterly VAT Returns
- Submission of Confirmation Statement to Companies House
- Submission of Monthly Payroll (up to 2 Employees)
- Submission of P11D
- Submission of ONE Director/Shareholder Self Assessment Tax Return
- Dividend Calculations
- MTD Compliant Bookkeeping
- Standard Employment Status References
- Income References
What our clients say
Heartlands turned our limited company from a year-end headache into a quiet, predictable process. Their partner-led approach is the difference.
Switched from a high-street firm and immediately recovered tax we didn't know we'd overpaid. Communication is faster, advice is sharper.
Genuinely proactive — they call us before deadlines, not the other way round. Fixed fees, no surprises and our books have never been cleaner.
Ready to talk about limited company?
A free 30-minute scoping call with a chartered partner. No obligation, no sales pitch — just clear answers and a fixed quote if it's a fit.