IR35 remains one of the most significant and tax challenges facing consultancy businesses and agencies today. We help you navigate the IR35 rules with confidence, reviewing your contractor arrangements, assessing employment status, preparing robust contracts and ensuring your business is fully compliant. Whether you engage a handful of contractors or manage a large flexible workforce, we provide the clarity and protection your business needs.
Who We Help
Consultancy Businesses & Agencies
At Aspreys, we understand that running a successful consultancy or agency brings a unique set of financial challenges. Whether you are a marketing agency, management consultancy, PR firm or specialist advisory business turning over £1M and beyond, we are here to provide the expert accounting and financial support you need to protect your profits, manage your tax efficiently and grow with confidence.
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How we support consultancies & agencies
We work with consultancy businesses and agencies looking accounting support that goes beyond basic compliance. From managing the complexities of IR35 and contractor workforces through to tax planning, management reporting and growth strategy, we provide the right advice at the right time. We support with:
IR35 & Contractor Compliance
Management Accounts & Reporting
Tax Planning
Limited Company Accounts & Returns
Payroll
Budgeting, Forecasting & Cash Flow
Funding & Growth Strategy
Virtual Finance Director (VFD)
To get a bespoke quote for your business, get in touch with us.
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Why Aspreys?
Aspreys provides expert support and advice to help SMEs on their grow journey.
- personal You are not just a number
- innovative Everyday we seek to be creative
- growth mindset Your success means our success. Simple.
- track record We’ve helped hundreds of clients succeed!
IR35 & Contractor Compliance
Management Accounts & Reporting
For consultancy businesses and agencies, understanding your financial performance in real time is critical. We produce management accounts on a monthly or quarterly basis, to give you full visibility of your revenue, profitability, utilisation rates and cash position. Our reporting is tailored to the needs of your business, ensuring you always have the information you need to make confident decisions.
Tax Planning
When your business is generating significant revenues, tax becomes one of your largest costs. We work proactively throughout the year to minimise your tax liability, ensuring your business is structured as efficiently as possible. From corporation tax planning and director remuneration strategies through to VAT planning and R&D tax relief. Where applicable, we ensure your business is never paying more tax than it needs to.
Budgeting, Forecasting & Cash Flow Management
Cash flow management is a common challenge for consultancy businesses and agencies, particularly where revenue is project-based or invoice payment terms are extended. We help you build detailed budgets, financial forecasts and cash flow projections so you can plan with confidence, manage your working capital effectively and ensure your business always has the resources it needs to operate and grow.
Virtual Finance Director (VFD)
Our Virtual Finance Director service gives you access to senior financial leadership on a flexible, part-time basis, without the cost of a full-time hire. From attending board meetings and overseeing your finance function through to supporting investor relations and driving financial strategy, a VFD provides the high-level expertise your business needs at the right stage of its growth.
Limited Company Accounts & Corporation Tax
We handle all of your statutory compliance, including the preparation and filing of your annual accounts and corporation tax returns. Everything is prepared accurately and submitted on time, with clear explanations of your tax position and liabilities. You can be confident that your business is always meeting its obligations with both HMRC and Companies House, leaving you free to focus on running and growing your business.
Payroll & Employment Taxes
Managing payroll for a growing team of employees and contractors can be complex and time consuming. We take care of your entire payroll function, ensuring your team is paid accurately and on time and that all PAYE, National Insurance and employment tax obligations are met. We also advise on tax-efficient employee remuneration structures, including benefits, bonuses and share schemes, to help you attract and retain the best talent.
Funding & Growth Strategy
Whether you are looking to invest in your team, expand into new markets, acquire a competitor or simply accelerate your growth. We provide the financial modelling, planning and strategic support you need. We help you build a compelling and well-evidenced case for funding and work alongside you to develop a realistic strategy for achieving your growth ambitions.
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Growing Businesses
up to £1M
Everything you need for your business to keep both HMRC and Companies House happy. Make sure your business meets its statutory requirements.
Scaling Up Businesses
between £1M – 4M
Additional support required to scale up your business. Compliance, Reporting and Planning to scale your business and meet your goals. Set KPI’s to ensure you’re on track.
Large Businesses
£4M +
Receive detailed analysis, track KPI’s and quarterly boardpacks for your management and investors. Work with a Virtual FD on funding, strategy and key decision making.
What our clients say
Our work is our passion. We are proud of what we achieve every day.
Frequently asked questions
IR35 is a piece of tax legislation designed to prevent contractors and consultants from avoiding tax by working through a limited company when, in practice, they operate in the same way as an employee.
For consultancy businesses and agencies that engage contractors, it is essential to correctly assess the employment status of each contractor and ensure your working arrangements and contracts reflect genuine self-employment. Failure to comply can result in significant tax liabilities and penalties.
If HMRC determines that a contractor should have been treated as an employee for tax purposes, your business could face backdated PAYE and National Insurance liabilities, interest and penalties.
In serious cases this can run to significant sums. Taking proactive steps to review and manage your contractor arrangements is essential to protecting your business.
We carry out a thorough review of your contractor arrangements, by assessing employment status using HMRC’s own guidelines. We advise on contract wording, working practices and the use of Status Determination Statements (SDS) to ensure your business is fully protected. We also provide ongoing support as your contractor workforce changes and evolves.
The first step is to get a clear picture of where your business currently stands financially and what support you need. We offer an initial consultation to understand your business, your goals and the challenges you are facing. From there we will recommend the most appropriate package of support and provide you with a clear, transparent proposal.
We carry out a detailed review of your revenue streams, pricing, cost structure and margins to identify where improvements can be made. For consultancy businesses and agencies, relatively small improvements in utilisation rates, pricing or cost management can have a significant positive impact on overall profitability.
Managing a mixed workforce of employees and contractors brings with it a number of tax and compliance considerations. For employees, you need to operate PAYE and manage employer National Insurance contributions. For contractors, you need to carefully assess IR35 status and ensure your working arrangements are properly documented.
We provide comprehensive support across both areas, ensuring your business remains fully compliant whilst managing its employment costs as efficiently as possible.
A Status Determination Statement is a formal document that sets out your assessment of a contractor’s IR35 status and the reasons behind that determination. Since the off-payroll working rules were extended to the private sector in April 2021, medium and large businesses are required to issue an SDS to each contractor they engage. We can help you prepare accurate and well-reasoned Status Determination Statements to protect your business in the event of an HMRC enquiry.
Our blogs & latest news
We pride ourselves on thinking outside the box.
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