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Business Services

When choosing a contractor accountant, you’re spoiled for choice. There are many accountants which offer a range of services, but do they all offer services to assist with your business at every stage of the journey?

We provide a helping hand at each stage of your venture, from incorporation until you decide to close your limited company. We’ve listed a selection of services which we offer our clients.

Limited Company Formation

Starting up as a contractor is certainly an exciting point in your life, but which business structure do you decide to use?

Running your business as a limited company can be the most tax-efficient way of working, and many contractors choose this pathway. You are in charge of your business decisions and are covered by legal protections. It’s the best choice for those who want to experience the freedom many associates with working for yourself.

If you choose us as your contractor accountant, we will even form your limited company for free.

IR35 Review Service

As a contractor, it is important to have a sound understanding of the IR35 legislation.

The way your IR35 status is determined depends on what sector the end client is in. In the public sector, it is the end client’s responsibility to determine the IR35 status of your contract. In the private sector, it is your responsibility to determine your IR35 status (until April 2021).

To give you complete peace of mind, we offer an IR35 review service to both clients and non-clients.

Update: at the time this article was written, the off-payroll (IR35) reforms were due to be implemented on the 6th April 2020. On the 17th March 2020, the UK government announced that it would be deferring the reforms to the 6th April 2021 to help businesses and individuals during the COVID-19 crisis.


Registered Office

We aim to make the process of becoming a limited company director as straightforward as possible.

It is a legal requirement for companies formed in the UK to have an address where physical documents can be posted to. You will be asked to provide a registered office address as part of the limited company formation process.

For Caroola Premium and Elite clients, our registered address service is included in your fixed monthly fee. For Caroola Essential clients, this has a monthly fee of £8.33 + VAT.


Insolvency Services

Member’s Voluntary Liquidation (MVL) is the process of liquidating your limited company, so it can distribute its remaining assets to its shareholders.

To do this, you need to appoint an insolvency practitioner who will carry out the process.

We offer an all-inclusive, low cost MVL package which includes every aspect of what is needed to close down your limited company, plus keeping you in the loop with any updates.


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Call our best advice team on 03330 342 481.

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