HGV Drivers
HGV Drivers Accounting Services
For an HGV driver life is hard enough – long hours mean it can be frustrating at times but it can also be flexible, rewarding, and if set up correctly very profitable too. That is where our services come in.
You may be starting out as an HGV driver, having recently got a license, or you may have been in the business for years with many miles under your belt. Either way it is always worth checking what accounting set up works best for you. In other words, working out how to keep as much of your hard earned cash in your pocket.
With this in mind there are three main options available to HGV drivers:
Pay As You Earn
When you work PAYE you pay tax and national insurance on the payments you receive. You are also unlikely to be able to claim a lot of your expenses, although sometimes these are paid for by the company you drive for.
Most drivers do not receive sick pay, but will usually receive holiday pay – you may have a zero-hour contract which means you are not entitled to paid time off.
Umbrella Companies
The umbrella companies run payroll on your behalf by charging a fee. These companies seem to be increasing their charges and are under tight scrutiny by HMRC for expenses for drivers.
Using an umbrella company can open up many HGV drivers to unexpected higher costs and potentially less take home pay.
Limited Companies
Becoming a limited company allows HGV drivers to receive a higher rate of pay per hour. Income is drawn from a small salary, expenses and the rest in dividends.
Registration for VAT is voluntary and can be financially beneficial but will be discussed on an individual basis. Many expenses can also be claimed which reduce the tax bill at the end of the year.
Limited Company Structure
So those are the three options.
The limited company structure offers far more scope and money in your pocket which is why at Rely-a-Bull Accounting Services we encourage HGV drivers to seek professional advice before they set up as a limited company. Some drivers set up a limited company and think that they can manage it themselves, but really very few people can and its best to get it right from the start.
In order to help run your limited company we carry out the following on your behalf letting you get on with the driving:
- Invoicing (once a week)
- Bookkeeping
- VAT Returns
- PAYE (as a company that employs someone, even just themselves, they must be registered for PAYE)
- Self-assessments (one every year for a Director)
- Accounts and Corporation tax return (submitted every year)
- Confirmation Statements (previously Annual Return) submitted to Companies House
We do all of the above for a weekly payment of £25 +VAT (£30) with no hidden extra costs!
Due to the nature of this work, we can also cover HGV drivers anywhere in the UK.
To find out more please call on 01255 719750 today.
Important note – any fees we charge to run this set up for you are far outweighed by the gains reaped.
Taking this route for 99% of HGV drivers really is a no brainer!
Accountants for limited Companies
- Company Formation
- Invoicing
- Book keeping
- Payroll
- VAT Returns
- Corporation Tax Returns
- Annual Accounts
- Director's Personal Tax Return
Accountants for sole traders
- Registration of your company
- Invoicing
- Book keeping
- Payroll (if necessary)
- VAT Returns (if necessary)
- Personal Tax Return
Accountants for individuals
Personal Tax Returns need to be completed for a number of different reasons.
Whether this is to report a taxable income, such as dividends or to report rental property income, we can help you with all this.
Our Specialities
Company Formation
VAT Returns
Invoicing
Corporation Tax Returns
Book Keeping
Annual Accounts
Payroll
Personal Tax Returns
Our Prices
Our Prices
Our pricing is completely transparent, you know exactly what you are paying for, how much and how often. We offer fixed rate fees agreed in advance for any work carried out.
We are very flexible in terms of the package of support we can put together and the pricing structure that goes with it. Our success is reliant on your business success so we know it’s best to get it right for everyone.
FIXED RATE FEES
We provide fixed cost packages, agreed in advance, so you know exactly what you are paying.
Pay us weekly
If you get paid weekly we can organise a weekly payment to suit your needs.
Flexible pricing
We offer a flexible pricing structure that is tailored for your individual business needs.
A personal service
We are focused on providing our services with the highest level of customer satisfaction.
Make the Move
Becoming a Limited Company
We are experts in working with small limited companies to help them increase cash flow and become more profitable.
No Added Extras
How are we different from our competitors?
We offer fixed rate, affordable prices for our services which can be paid weekly to spread the cost. An upfront, fixed cost package of financial support you can rely on!
No Added Extras
How are we different from our competitors?
We offer fixed rate, affordable prices for our services which can be paid weekly to spread the cost. An upfront, fixed cost package of financial support you can rely on!
Tailored Support
Who do we help?
We work with anyone who has a small business, limited or not, or anyone who is considering starting a small business. You could be a one-man band set up, self-employed or have a small team. We specialise in advising and supporting HGV drivers but also work with many other trades including building contractors, plumbers, care dealers, hairdressers, electricians and many more!
Tailored Support
Who do we help?
We work with anyone who has a small business, limited or not, or anyone who is considering starting a small business. You could be a one-man band set up, self-employed or have a small team. We specialise in advising and supporting HGV drivers but also work with many other trades including building contractors, plumbers, care dealers, hairdressers, electricians and many more!
Get In Touch
Can we help? Please get in touch with us via the form below and we will get back to you soon.
Or click the button below to give us a call.
What Our Clients Say
Rely-a-Bull have been running my accounts for the last 18 months and I could not do without them. Christine is like my right hand woman who deals with invoicing, VAT, HMRC, everything, it’s like having a personal assistant. I cannot recommend their services highly enough.
We have recently started to work with Rely-a-Bull Accounting Services and its turned out to be the best decision for both our businesses. I would recommend Rely-a -Bull Accounting Services to any business, large or small.