Oil and Gas Accountants
Contractors working in the oil and gas industry work on projects that are some of the most financially rewarding. Demand and opportunity are both high, but the intense nature of the work keeps competition low. That same work, with long periods spent offshore, can make it difficult to keep your business records and accounts up to date – and it can create challenges if you’re on-site when a filing deadline comes up. That’s why oil and gas accountants are used by so many of the top contractors in the field.
The process of financial management, including staying on top of your tax obligations and efficiencies, is a time consuming one for any contractor, but the nature of the work in the oil and gas industry amplifies the issue.
Having expert oil and gas industry accountants supporting you with your taxes and pay in a timely fashion means you’re never worried about missing deadlines, uncertain finances, or any of the other challenges that contractors often complain about, especially at the start of their careers.
ICS Accounting already work with a number of professionals in the industry so we know what to expect. Whether you’re working onshore in the UK or offshore on a rig anywhere in the world, we’ll be here for you.
You’ll have the peace of mind that comes from knowing you have a dedicated accountant, making sure your reports are ready for submission ahead of deadlines, and keeping up to date with all relevant regulations so that your documents are always in compliance. And if you join our limited company service, you can also take advantage of our £400 cashback deal.
Oil and Gas Accountancy: What Do I Get?
Complete Package
- Limited company formation
- Registration in relevant company tax schemes
- Access to FreeAgent – Online accounting software
- Monthly bank reconciliation
- Quarterly VAT returns
- Monthly payroll
- Confirmation statement
- Year-end financial statements
- Corporation tax return
- Year-end payroll returns
- Director and shareholder self-assessment tax return
- Pension auto-enrolment service
- Access to financial products
- Unlimited IR35 contract reviews
- Direct dial and e-mail to a dedicated accountant
- Quarterly call with a dedicated accountant
Enhanced Package
- Limited company formation
- Registration in relevant company tax schemes
- Access to FreeAgent – Online accounting software
- Monthly bank reconciliation
- Quarterly VAT returns
- Monthly payroll
- Confirmation statement
- Year-end financial statements
- Corporation tax return
- Year-end payroll returns
- Director and shareholder self-assessment tax return
- Pension auto-enrolment service
- Access to financial products
- Unlimited IR35 contract reviews
- Change of Address with HMRC/Companies House
- Direct dial and e-mail to a dedicated accountant
- Quarterly Teams Meeting
- Benefits Portal – one-stop-shop to save money and stay healthy
Additional Charges
Shareholding Changes Change of Address with HMRC/Companies House Additional self-assessment tax return Access to ICS Umbrella solution References for mortgages etc
Additional Charges
Additional self-assessment tax return Access to ICS Umbrella solution
Specialist Oil and Gas Industry Accountants
When you’re working hard on long shifts well away from home, it helps to know that there’s a team behind you making sure the money you’re earning is being looked after as well as it can be.
With a dedicated specialist accountant from ICS Accounting working with you, your day-to-day, annual, and one-off accounting needs will be taken care of seamlessly. That includes your background tax, pay, reports, and records – and everything is up-to-date and fully compliant with evolving legislation.
Speak to our team for no-obligation, no-jargon advice when you need it most. Call us today on 01524 580720 or request a free callback at a time of your choosing below.