CONTRACTORS

Being a contractor offers great flexibility and opportunities, and XVARO Accounting is here to support you every step of the way. Our expert team understands the unique challenges that contractors face, including navigating IR35 regulations, and is dedicated to helping you build a solid financial foundation.

TAILORED ACCOUNTING SOLUTIONS

We offer customised accounting solutions designed to meet the specific needs of contractors. From setting up your accounting system to managing your finances as you grow, we provide the tools and support you need to succeed.

CLOUD BASED CONVENIENCE

Our cloud accounting services allow you to access your financial data anytime, anywhere. With user-friendly platforms like Xero and QuickBooks Online, you can manage your finances efficiently, giving you more time to focus on your contracts.

IR35 COMPLIANCE AND ADVICE

Navigating IR35 legislation is critical for contractors. Our specialists provide thorough IR35 assessments, ensuring you understand your employment status and helping you stay compliant with HMRC regulations. We offer strategies to manage your tax obligations effectively and legally while maximising your take-home pay.

NEW CONTRACTOR ADVICE

Navigate the complexities of starting or growing your contracting business with our clear, jargon-free guidance. We’ll help you understand key financial decisions and strategies to ensure your contracting business thrives.

TAX COMPLIANCE

Eliminate tax-related stress by letting us handle all your VAT, income tax, and self-assessment tax returns. Our experts ensure you remain fully compliant with all tax regulations, giving you peace of mind.

cash flow management

Contractors often face irregular income streams. XVARO Accounting provides detailed cash flow analysis and forecasting, helping you manage your finances effectively and ensuring you have the funds to meet your obligations and seize opportunities.

FAQs

What services does XA offer?

We provide a comprehensive range of accounting services including bookkeeping, tax preparation, payroll services, management reporting, and financial forecasting. Additionally, as management consultants, we offer strategic business advice and planning to help your business achieve its goals.

How can XA help my business?

We can streamline your financial operations through expert accounting services, reduce your tax liabilities with strategic planning, and provide crucial business insights that enable informed decision-making to drive growth and efficiency.

What industries do you specialise in?

We specialise in serving small to medium-sized enterprises across various industries including fintech, technology, gaming, logistics, and manufacturing. Our diverse expertise allows us to tailor solutions specific to each industry’s challenges and opportunities.

How do we ensure security of financial data?

We use industry-leading security measures driven by the cloud based accounting software we use, secure cloud storage, and strict internal protocols to ensure all financial data remains confidential and protected against unauthorized access.

What is the Minimum Contract Term?

Our minimum contract term is one month, providing you the flexibility to try our services and make sure they are a best fit.

Are your accountants certified?

Yes, all our accountants are certified professionals accredited by by the ICAEW. We are an ICAEW registered accounting practise. This ensures you receive services that meet the highest standards of quality and compliance.

How often will we communicate?

Communication frequency can be tailored to your preferences. Typically, we provide monthly reports and are available for advisory calls as needed. You can also take advantage of our 30 minute business advisory calls if this is part of your package or you have included it as an add on.

What are your fees?

Our fees depend on the services selected. We have transparent packages and you can include add-ons as required. You can also benefit from savings when you pay annually.

What is the process for onboarding clients?

Onboarding involves an initial consultation to understand your business needs. We then sign you up to an agreement and transfer you over from your existing accountant if applicable and set you up on our systems and develop the reporting you need.

Is it easy to change accountants?

Changing accountants is straightforward with us. We handle the transition process from your previous accountant, ensuring that it is smooth and that all necessary financial history is transferred accurately.

What makes Xvaro different?

We stand out through our dual expertise in accounting and management consulting. We not only manage your accounts but also provide strategic insights that contribute to sustained business growth.

HOW DO I ACCESS MY FINANCES?

Yes, our clients can access their financial reports through a secure, cloud-based portal that is available 24/7 (through either QBO or XERO), allowing you to keep track of your financial status anytime, anywhere.

How can I contact you?

You can contact us via email or through our website’s contact form. We are ready to assist you with any inquiries or to schedule a detailed consultation to discuss your needs.

karthik@xvaro.co.uk

What accounting software do you use?

We utilise two leading accounting software platforms QuickBooks and Xero, depending on the best fit for your specific business requirements.

CAN XVARO CONSULTANCY SUPPORT ME?

XVARO consultancy can support you by providing strategic business planning, performance improvement insights, and management advice that aligns with your long-term business objectives. We also support businesses in preparing for funding and sale, finance transformation, process review / build and risk management services.