WHAT WE DO
Acumenica is a cloud-first, technology-driven accountancy firm with a friendly face. Our speciality is providing accounting and tax services to contractors, freelancers, consultants and small businesses throughout the UK.
We’re not a faceless sausage-factory accountant though. You’ll always be able to contact your accountant and will have access to them by phone or email, and even, if you can believe it, in person too!
All our clients receive access to our award winning cloud software package, FreeAgent. Raise invoices, manage your expenses, reconcile your bank 24/7 or anywhere you like using the mobile app.
We are proud to have been the FreeAgent’s first platinum partner in Scotland and we continue to work closely with them. The whole team is FreeAgent certified and able to provide you with an unparalleled FreeAgent support experience.
If your business has more complex needs, we are also certified partners in Xero, Dext and a host of other solutions.
Freeagent Comes As Standard.
Contractor / Freelance
£99 per month
NAMED Personal Accountant
VAT Returns
Annual Accounts
Corporation Tax Returns
Self Assessment Tax Returns
Payroll Administration
Dividend Management
On-the-fly Tax Planning
Dealing with HMRC Correspondence and Queries
Health and Beauty
£159 per month (from)
Online Accounting
Receipt Management
Bank Reconciliation
Weekly/Monthly Wages
Tranc Assistance
Named Accountant
VAT Returns
All Year End Filings
Personal Tax Returns
Revolving Tax Planning
On-the-fly Error Correction
Pre-Year End Tax Planning
Dividend Management
Hospitality Business
£399 per month (from)
Online Accounting
Receipt Management
Bank Reconciliation
Weekly/Monthly Wages
Named Accountant
VAT Returns
All Year End Filings
Personal Tax Returns
Revolving Tax Planning
On-the-fly Error Correction
Pre-Year End Tax Planning
Dividend Management
Property Investor
£79 per month (from)
Online Accounting
Receipt Management
Bank Reconciliation
Named Accountant
VAT Returns
All Year End Filings
Personal Tax Returns
Revolving Tax Planning
On-the-fly Error Correction
Pre-Year End Tax Planning
Dividend Management
Other Services
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When you set up a limited company for your contracting activities, you’ll need open a bank account.
Acumenica has partnered with Mettle to provide our clients’ business accounts. It is the free business account by NatWest that helps small businesses start, run and grow. It’s built for small businesses, startups, limited companies and sole traders. Customers can apply for an account in minutes and connect to accounting software to help keep track of their books.
The account comes with a UK account number and sort code and an in-app chat feature so that customers can speak to real people when they need help.
Mettle and FreeAgent are both part of the same group so the two work beautifully together.
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Clients will generally, although not always, required contractors to take out insurance - generally Professional Indemnity, Public Liability, Employers’ Liability. The level of insurance and the type of insurance that is required usually depends on the client or agency and will generally be specified in the contract schedule schedule.
Even if you don’t have a contractual requirement to carry insurance, it’s a good idea to have it. We’ve partnered with industry experts Kingsbridge to simplify the process for you.
The Kingsbridge contractor policy is specifically designed for contractors like you.
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We take tax investigations very seriously and whilst we always ensure returns are filed in a manner that should limit the possibility of an enquiry HMRC select many cases each year for random enquiries. No-one can afford to be complacent! Obviously if you are selected for an enquiry we would aim to settle it quickly and with minimal fuss and disruption to you and your business and would aim to minimise any additional tax liabilities. However, answering all of HMRC’s questions could be very time consuming and some investigations can take several months to deal with. As a result our costs of dealing with HMRC’s queries can be significant.
Our highly-trained specialists are experienced in dealing with all forms of tax investigation and have detailed knowledge of the respective rights and powers of the taxpayer and HMRC. We can guide you through the process and negotiate directly with HMRC to ensure that tax, interest charges and penalties are minimised.
However, it is our belief that the number of tax enquiries will increase, and to provide peace of mind to our clients, Acumenica, working together with Croner TaxWise, can offer you cover against such an investigation. Through what we believe to be the best cover available, Croner can offer you an insurance that will pay up to £100,000 towards your accountants’ fees in the event of a tax investigation with no policy excess.
Our Tax Investigation Insurance covers all of the following (and more):
-Full Enquiries
-Aspect Enquiries
-Business Inspection Notices
-VAT
-PAYE/NIC
-IR35 disputes
The premium for a standard limited company is just £179.00 per year.
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Getting approved for a mortgage as a contractor isn’t always easy and requires generally requires the knowledge of a specialist broker.
You’re in safe hands with Professional Contractor Mortgages. As with all our other partners, they have been carefully vetted to ensure they provide the best possible service to Acumenica clients, as well as searching the whole of the mortgage market to make sure you get the best possible deal. To find out how much you can borrow, or simply to review your current situation, click the button below.
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With the repeal of the 2017 and 2021 reforms, it’s now even more important that a contractor’s status determination is correct.
We can carry out an in-house assessment of your status. We’ll look at the terms of engagement regarding Control; Substitution; Mutuality if Obligation; Right of Dismissal and whether your engagement would suggest that you are In Business On Your Own Account.
Having a IR35 contract assessment is an excellent way of demonstrating that you have operated ‘due diligence’ in determining whether you operate outside of IR35 or not. This can reduce the risk of penalties being applied if your status is subsequently challenged by HMRC.
Should your contract require further expert opinion, we will refer you to our experienced partners in this field.