Expert Accountants for Consultants in Birmingham
Get expert IR35 advice, maximize your take-home pay, and never miss a deadline, with Birmingham’s specialist accountants for consultants.
Is a Wrong IR35 Status About to Cost You Everything?
HMRC has been ramping up IR35 investigations across the UK. A single mistake in how your contract is written, or how your working arrangement looks on paper, It can result in a backdated tax demand, National Insurance charges, and penalties that wipe out months of earnings. For consultants operating through a limited company, the stakes have never been higher.
At MyCleartax, we do not just file your returns and disappear. We build a proper financial structure around your consultancy from day one. Whether you are an independent IT consultant in Solihull, a management consultant in the city center, or an HR specialist working across multiple clients, we make sure your tax position is airtight, and we defend it if HMRC ever comes calling.
Our Accounting Services for Consultants
1. IR35
Do not let one poorly worded contract trigger a five-figure HMRC demand.
- Full Contract Review: We analyse every contract before you sign it, flagging anything that could push you inside IR35 and advising on changes that protect your outside status.
- Working Practice Assessment: Your contract needs to match how you actually work. We review your day-to-day arrangements, controls, substitutions, and obligations and help you document them correctly.
- Inside IR35 Support: If you are already operating inside IR35, we structure your finances to minimise the damage and keep your affairs fully compliant with HMRC.
2. Limited Company Tax
Most consultants leave thousands on the table every year through inefficient salary and dividend structures.
- Salary and Dividend Planning: We calculate the most tax-efficient split between salary and dividends for your company each year. Typically, saving consultants between £2,000 and £6,000 annually versus drawing a full salary.
- Corporation Tax Returns: We prepare and file your company tax return accurately and on time, claiming every relief you are entitled to, including capital allowances and business expenses.
- Dividend Tax Management: We plan your dividend withdrawals throughout the tax year to ensure you never tip into a higher tax band unnecessarily.
3. VAT
VAT returns are straightforward until they are not. Get it wrong once, and HMRC adds penalties on top of what you already owe.
- VAT Registration: We register your consultancy at the right time, not too early, not too late, and advise on whether the Flat Rate Scheme could work in your favour.
- Quarterly VAT Returns: We prepare and file every return on time so you never face a late filing surcharge.
- VAT Health Check: Already registered but not sure your returns have been done correctly? We review your VAT history and fix any errors before HMRC finds them.
4. Bookkeeping and Cash Flow Management
Stop guessing whether you can afford to take on that next project.
- Cloud Bookkeeping: We use Xero and other leading platforms to keep your records updated in real time. You log in and see exactly where your money is, income, expenses, and profit margin, at any moment.
- Cash Flow Forecasting: Consulting income is unpredictable. We build rolling cash flow forecasts so you always know what is coming in, what is going out, and when you need to invoice.
- Expense Tracking: We capture and categorise every allowable business expense, travel, home office, software, training, subscriptions, so nothing gets missed at year’s end.
5. Self Assessment
Missing your Self Assessment Tax return deadline costs you £100 on day one and gets worse every month after that.
- Annual Tax Return: We prepare your personal Self Assessment return, cross-referencing your company income, dividends, and any other income sources to make sure the numbers are complete and correct.
- Tax Reduction Review: Before we file, we run through every available relief, pension contributions, gift aid, and allowable expenses, to reduce your liability as far as the law permits.
- HMRC Correspondence: If HMRC writes to you about your return, we handle the response. You do not need to deal with them directly.
We have in-depth experience with the following compliance and consulting services specific to the Consultants sector:
Accountancy Services
- Bookkeeping
- Financial Accounting
- Payroll Management
- Budgets and Cash Flow
Taxation Services
- Self Assessment
- Corporate Tax
- Vat Registration & Return
- Capital Gain Taxes
Do Not Wait for an HMRC Letter.
We will review your IR35 status and check whether your current tax setup is costing you money.
Why Consultants Choose MyCleartax
Based on Warwick Road in Acocks Green, we are not a faceless online firm. We are a Birmingham-based accountants team that understands the local business landscape, from independent consultants working out of Digbeth co-working spaces to established advisory firms in the city centre and Solihull. We know this market because we work in it every day.
When you join MyCleartax, you get a named accountant who knows your business. Not a call centre, not a rotating team, not a chatbot. One person who understands your contracts, your clients, and your goals, and who you can actually call when you need a straight answer.
- HMRC Defence: If HMRC opens an IR35 investigation or queries your returns, we represent you. You do not face them alone.
- No Hidden Fees: One fixed monthly price covers your Self Assessment, corporation tax, VAT, and bookkeeping. No surprise invoices at year’s end.
- Proven Results: We recently recovered over £11,000 in overpaid tax for a Birmingham IT consultant who had been filing his own returns for three years without claiming all his allowable expenses.
We work with IT consultants, marketing consultants, HR professionals, management consultants, and more. We understand the specific financial challenges each type of consultancy faces.
People Asked For
Usually within a few days of sending us your contract and a brief overview of how you work with your end client. We carry out a thorough review rather than a quick tick-box assessment, because a wrong answer costs you far more than the time it takes to do it properly.
Yes. Being inside IR35 is not the end of the world, it just changes how you structure your finances. We help you understand exactly what you will take home, plan your salary and expenses accordingly, and make sure you are not paying a penny more than you legally have to.
For most consultants, the answer is a small salary up to the National Insurance threshold combined with dividends from the company’s profits. The exact figures change each tax year as thresholds shift. We calculate your optimal split every year and adjust it whenever your circumstances change.
Absolutely. Our fixed monthly fee is designed to cover everything: bookkeeping, VAT returns, corporation tax, Self Assessment, and ongoing IR35 advice. You deal with one firm for all of it, which means nothing slips through the gaps between different advisers.
We handle it. If HMRC opens an enquiry into your IR35 status or your tax returns, we act as your representative and manage all correspondence on your behalf. We know what HMRC looks for, we know how to respond, and we give you the best possible chance of a favourable outcome.
Yes. While we are based in Birmingham and serve a lot of clients across the West Midlands, we work with consultants across the UK. Everything can be handled remotely through our cloud-based systems, though you are always welcome to come in and see us in person if you prefer.