Contractor Calculators and Accounting Tools

Contractor Calculators

Welcome to contract calculators. This section of iCalculator is dedicated to supporting contractors and small companies with their accounting and tax commitments.

The aim of contractor calculators is to provide relevent applications and guides to support the day to day functioning of limited company accounts and payroll requirements. Contractor Calculator is split into 2 separate subsections, Accounting Tools and Accounting Guides.

Accounting Tools

Each of our free online accounting tools allows you to quickly calculate specific costs, examples include staff payroll and absence, assets, overheads and cash flow. Once you have made your necessary calculations, you can print or mail the results for later use. Each of our emails has links to supporting content and accounting applications. This allows you to read and discover more at your own pace, just refer to the email whenever you need to.

Accounting Guides

iCalculator understands the challenge that you face when you set up a company, whether that company is to allow you to contract your services to a company/client or to sell goods that you produce or wholesale. Our team includes current and ex-contractors, a collective experience from a broad range of industries. The common factors are accounting and payroll. We have combined our experiences and knowledge of HMRC legislation to provide the tools you need to start your own limited company quickly, efficiently and compliantly. Compliance with HMRC legislation and tax law should be your number 1 priority.

In the accounting guides section we provide:

  • Introduction articles to establish a baseline knowledge of accounting.
  • In depth guides with specific details on accounting 'good practice'.
  • Tax tips and tricks to help you get the most from your income. Particularly important in the early days of your business when margins are tight and overheads seem to rule the day.

Free Accounting and Payroll Software

iCalculator has teamed up with Accounts Direct to provide you a completely free online accounting Portal. The accounting solution allows you to create, send and save invoices, link balance sheets to expenditure, produce compliant tax returns at the click of a button and more.

The Accounting and Payroll solution is completely free to use. There is an option to pay for a chartered accountant to complete your tax, PAYE and VAT returns and liase with HMRC on youe behalf but that is completely optional and you can optin in/out of the paid accountancy support as and when you need to.

The output is a flexible accounting solution that allows you to manage your accounts, payroll and cash flow like a professional, without the large accountancy cost. You can register to use the system here and start using the online accounting software within a few minutes.

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