Welcome to the CTS Website
CTS is a Shrewsbury based Chartered Accountancy practice formed in 1998 to provide specialist taxation services to one man companies, particularly contractors in the IT industry.
Our main aim at CTS is to maximise your take home pay and to manage and where possible avoid the imposition of higher rate tax. We look at every Contractor's situation individually to shape your company around your personal circumstances and to advise on the most tax efficient way of extracting the funds from the company.
The founding director, Ian Strewart, is a Chartered Accountant, Registered Auditor and Chartered Tax Advisor. His main interest is taxation although as a general practitioner, he is involved in all aspects of accountancy and company secretarial matters. The management of the business and first point of contact is Jon Dale who is a Chartered Accountant and Registered Auditor. Accountancy and taxation support is provided by an experienced team of accounting technicians.
The efficient management of one man companies has to consider various taxation matters including remuneration planning, "IR35", the managed service companies legislation and income splitting. Such issues are addressed individually by CTS.
Contractor Taxation Services provide a detailed spreadsheet which contains all the tools required to drive your company and to easily calculate your monthly take home pay, the liabilities due to HMRC, the tax efficient amount of dividend to withdraw, the VAT payable (usually under the Flat Rate Scheme) and the anticipated Corporation Tax liability.
The basic fee is £60 per month. The first standing order is payable when the first fee is received by the contractor.
The service includes preparation of annual accounts, PAYE returns, all Corporation Tax returns (including dividends) Registrar of Companies returns, and straightforward individual Self Assessment returns.
An initial fee of £80 is chargeable at the outset for new contractors where company formation is required.
If you are interested in hearing more about how CTS can help your business, please contact Jon Dale on 01743 235 236 or email email@example.com.
CTS is a trading name of Contractor Taxation Services Ltd