OIL & GAS
We’ve worked with Oil & Gas contractors for twenty years and have developed a complete accountancy package that takes into account your unique needs, see more about our exclusive Premier Package below.
Oil & Gas Packages
20 YEARS’ EXPERIENCE
EVERYTHING YOU NEED
We have been supporting Oil & Gas contractors for two decades, previously operating as Freelance World Accounting and then FWAccounting. We provide comprehensive, compliant accountancy services alongside tailored energy sector insurance packages.
Our innovative technology and specialist account support team offer a fully-inclusive accounting and admin support service. We don’t give you spreadsheets or complicated software to operate. Just send us your timesheets and expenses and we’ll take care of the rest. Our system even integrates with your bank, meaning we can reconcile all your transactions.
We know you’re a busy person and work in a challenging environment, which is why we built a easy-to-use online Client Portal. Our state-of-the-art portal gives you better visibility of your accounts, invoices, payslips, insurance policies, VAT reports and overall business performance. Here you’ll find everything you need all in one convenient place.
You’ll also receive unlimited access to an Aberdeen based dedicated Client Manager who will explain everything in a language you understand and be sent a monthly ‘business snapshot’ email to give you a simple overview of everything.
See What's Included
Fast and easy set up
With no tie in costs
Limited Company Incorporation
Including full HMRC Registration
Assistance with your Business Bank Account Opening
Via one of our partner banking providers
Fixed Monthly Fees
You pay a fixed monthly fee for our services so you have complete transparency of costs
Fully automated invoicing
Just email your timesheets and expenses to us
Fully automated book keeping
You don’t need to use spreadsheets or online software
Automated daily bank feeds
With our Partner business bank accounts; no need to send us bank statements
Annual Accounts Preparation
Issued for signing via our innovative digital signature technology
Complete year end service
Annual accounts prepared and submitted to Companies House
VAT and Flat rate VAT
Registration with HMRC
Completion and submission
Quarterly VAT Returns
Monthly payroll run & production of Director’s payslip
Monthly payroll RTI submissions to HMRC
Quarterly PAYE calculations
Annual PAYE returns
Including P60s and P11Ds
Corporation Tax Return
Personal Tax Return
Unlimited access to us
Face-to-face meetings, emails or phone calls
Initial Tax planning advice
Director’s salary & dividend strategy plan
Pro active reminders
PAYE, Vat & Corporation (Company) Tax
Business Admin Support Services
Know how much you can safely withdraw from your business
Guidance on maximising your earning potential
access to advice on pensions, investments and wealth planning
Pro active notification
When you receive payment into your account from your client
Dedicated Client Manager
You won’t deal with a call centres and they will talk to you in plain English and not accounting jargon
24/7 access to your own Online Portal
All of your business and accounting documents are available online including access to copies of your invoices, payslips, accounts, insurance policies and VAT and Company Registration documents
Registered Office Address
Annual Confirmation statement
We deal with routine HMRC correspondence on your behalf
Discounted comprehensive and market leading insurance packages
As Authorised Representatives of Qdos Contractor we have developed a range of insurance bundles tailored to the needs of Oil & Gas contractors
Financial Advice on pensions, mortgages, life cover, savings and investments
Access to Life/Income Protection Insurance
Facilitated via our partners St James’ Place
*additional fees apply
Initial IR35 Contract Assessment
Comprehensive contract assessments of your IR35 status carried out by independent experts
Annual Tax Planning Review
Help ensure you maximise your tax efficiency with annual tax planning review with our in-house accountants
Additional Self-Assessment Tax Return
Up to two self-assessment tax returns per year for an additional Director/Shareholder
Our unique Tax Reserve Service
Set aside money each month, ensuring your business tax liabilities are paid when they’re due
Payment of VAT, PAYE & Corporation Tax on your behalf
Just email your authorisation to proceed and we will make the payments for you
Mortgage and letting agency references
Manual Expense Claims
BENEFITS OF OUR OIL & GAS SERVICES
Tax Reserve Service
Additional Tax Returns
HOW DOES PREMIER DIFFER FROM ASSURED?
Our Oil & Gas accountancy packages is specifically designed with energy sector contractors in mind. Many professionals working in the Oil & Gas sector spend a lot of time on site or on rigs, and because of this we understand that their requirement differs from the average white collar contractor.
Our Oil & Gas package provides a more ‘hands on’ approach to our accountancy solutions, giving more than any other package in terms of support and personal service. Our Premier service comes with Aberdeen based Client Managers who are available 5 days a week to facilitate face-to-face meetings as well as provide email and telephone support directly to clients.
Our Oil & Gas Premier package also includes the following suite of additional services not enjoyed as part of our Assured package range:
– Manual Expense Claims
– Manual Invoicing
– Tax Reserve Service
– Additional Self-Assessment Tax Return
– Central Aberdeen based Client Managers
– Unlimited Face-to-Face Meetings
– Discounted Energy Sector Insurances
As a result of our experience within the Oil & Gas sector we have tailor made industry specific solutions providing a bespoke service to those working within the Oil & Gas industry. With a long history operating within the Aberdeen based energy sector market, our services are enjoyed by many successful Ltd Company contractors.
First time Contractors
OIL & GAS?
Oil & Gas is an ever changing and increasingly popular industry for self-employed workers. Via our office in the heart of Aberdeen we’ve helped thousands of energy sector workers become self-employed; we know the ropes and will get you up and running quickly, with no initial fee, keeping you informed every step of the way.
Your dedicated Client Manager gives you their personal support, backed by a team of experts, to keep you on-track with the responsibilities of being a company director.
Starting out as a self-employed contractor can be a daunting prospect, let us make it easy for you!
Learn more about Oil & Gas