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Contractor Accounting in the Wirral

At Wainwrights, we are an established accountancy firm based in Bebington Village about 5 miles south of Liverpool. Established to provide accountancy services to owner managed businesses including sole traders, retailers and contractors, we provide a range of capabilities from payroll to tax returns. Bebington Village is situated within the Wirral Peninsula, which lies between the River Dee and the River Mersey. The area is well-connected to the rest of the country, offering a positive environment to those considering the setting up of their own business.

SMEs today realise that to be successful, they must be even more proactive to make things happen. Confidence that their business finances are healthy and well-managed is key and a trusted accountancy service can help owners focus on what is most important, which is the growth of their business. At Wainwrights, we have provided contractor accounting in the Wirral area for more than 20 years and specialise in providing services to small business owners no matter what form their enterprise takes.

The benefits of contractor accounting

Sole traders, for example, have complete control over their enterprise, able to make quick decisions both financially and in regard to their business. Sole traders can easily change their trading identity to suit circumstances and they keep all their profits. Conversely, however, they are personally liable and accountable for their business debts, which, in a worst-case scenario, could result in the loss of personal assets such as their home or car and, being unincorporated, it can be difficult to raise finance.

Another option is to set up as a limited company, which is a separate legal entity that limits financial liabilities and provides improved access to finance. However, tax considerations become more complex and, without expert help, can result in more tax being paid than is necessary. Here at Wainwrights, we specialise in providing contractor accounting in the Wirral area and can offer expert guidance through what can be a financial minefield.

Our services

We provide expert accountancy for VAT returns, payroll, company accounts and overall financial advice. Tax returns can be a time consuming experience, with deadlines to meet that can make the whole effort very stressful and time consuming. Time spent in filling out forms could, perhaps, be better spent in developing new business and meeting current contracts. Expert help will not only save time but will provide the surety of on time accounting that meets all legal and financial obligations, and which negates the risk of penalties for late submissions.