Accountants for Consultants & Personal Service Companies (PSCs)
If you work as a consultant through your own company, the pattern is familiar.
Income varies. One or two key clients. IR35 sits in the background. And there are regular decisions about how to take money out.
You do not need complicated structures or constant sales pitches.
You need something that works – consistently.
Who this is for
We work with consultants and personal service companies across the UK, including:
- Individuals operating through their own limited company
- PSCs with one or a small number of key clients
- Professionals where IR35 and status are ongoing considerations
Many clients are based in London and the South East.
They work with us because the service is clear, consistent and does not depend on location.
If you run a consulting company and want the financial side handled properly, you are in the right place.
What we do
Company accounts and corporation tax
At the core, your company needs to be right.
We:
- Prepare accounts that reflect actual income and costs
- Calculate corporation tax properly
- Check for inconsistencies or anomalies
- Manage deadlines so nothing becomes urgent at the last minute
This gives you a stable base for everything else.
Director Self Assessment and drawings
For most PSCs, the question is how to take money out sensibly.
We:
- Prepare your personal tax return so it aligns with the company
- Ensure salary, dividends and other income are handled correctly
- Help you adopt a consistent approach to drawings
- Explain the tax position clearly
The aim is not to optimise every last detail.
It is to keep things clear, workable and defensible.
IR35 and status – practical support
IR35 is a constant background factor.
We do not sell “solutions”.
We help you understand the position.
We:
- Discuss how you actually work, not just what the contract says
- Highlight areas of risk
- Help you understand the impact of client decisions
- Ensure accounts and tax returns reflect the position taken
So you can make decisions with a clear view of the landscape.
Keeping things proportionate
Most PSCs do not need complexity.
They need consistency.
We:
- Keep bookkeeping simple and manageable
- Provide clear, concise information
- Support you when things change – contracts, income, location
- Keep everything tidy year after yearThis avoids small issues building into larger ones.
A real example – when everything needs to be set up properly from the start
PM approached us when she began working with a US-based software company as an independent consultant.
It was a strong opportunity.
But at that point, nothing was in place.
No company. No systems. No clear plan for how money would flow or be taken out.
We started with the basics.
We:
- Set up her limited company properly
- Registered everything required for UK compliance
- Introduced a straightforward bookkeeping system using FreeAgent
- Helped her structure invoicing to a US client clearly and consistently
From there, we focused on making it workable day to day.
We:
- Established a sensible pattern of drawings
- Helped her understand day rates in terms of net income, not just headline figures
- Made sure the company and personal tax positions aligned
We also brought in our partner IFA where appropriate.
That allowed:
- Pension contributions to be structured sensibly
- Mortgage discussions to be supported with clear financial information
Nothing about the structure was complex.
But everything was aligned.
The result was a position where:
- Income was clear
- Tax was understood
- Decisions were easier
That is usually what people are looking for.
How we work with you
The approach is straightforward:
- We agree what needs to be done and when
- You provide information in a clear, agreed format
- We handle the technical work and explain it simply
- We stay available as your situation evolves
Most of this is handled remotely, which suits consultants across the UK.
A quick word from the team
For most consultants, the complexity isn’t technical.
It comes from things being handled inconsistently over time.
As Fiona puts it:
Most PSCs don’t need anything complicated.
They need the company, the personal tax position and the way money is taken out to line up properly.
Once that’s in place, everything becomes much easier to manage.
That is where the real value sits.
FAQ
Yes. Even simple PSCs need proper accounts, tax returns and consistent handling of income and drawings.
Usually a mix of salary and dividends, but it depends on your circumstances. The key is consistency and alignment.
It is a public report explaining how the CIC has fulfilled its community purpose and how its activities align with that.
We help you understand and manage IR35 risk, but we do not offer “IR35-proof” solutions.
Yes. Even where clients make determinations, it is important your records and reporting reflect the position taken.
We often use FreeAgent for PSC clients as it keeps things simple and manageable.
Yes. We act for consultants and PSCs across the UK, including many in London and the South East.
If you run a personal service company and want the financial side handled properly – clearly and consistently – we should talk.
Carter Collins & Myer
Accountants & Tax Advisors
Chichester House, 2 Chichester Street, Rochdale OL16 2AX
01706 868010
www.uk-ccm.com