Accounting Services Provision (ASP)

As a Self Employed Contractor you will need to account for those invoices and for the expenses you have incurred wholly and necessarily in the pursuit of your professional service delivery, so we offer you the option of using Esentual ASP.

“Why do you need our ASP?   Well, as a Self Employed Contractor you will have additional obligations and responsibilities in respect to your tax and NI remittance to HMRC.  Esentual has engaged Kingston Smith LLP (a Top 20 U.K. Accountancy firm) to provide us with the skills and resources to give you a great solution to the administration and financial obligation of Self Employment, such as:

•    setting aside funds for Tax/NI and VAT (if registered for VAT) 
•    undertaking your annual Self Assessment which calculates how much Tax and NI that 
     you owe by the required date
•    payment of the required Tax/NI
•    Calculation of Quarterly VAT and payment (if registered)

You have the option of doing all the administration and financial reporting yourself, engaging an accountant on your behalf or using our ASP.  Our ASP solution provides the 2 main options for £5 (inc VAT) per week for Self Assessment ONLY or £10 (inc VAT) per week for both the Self Assessment and Quarterly VAT returns.  The annual charge for each service is £260 or £520 (inclusive of VAT), we make it more convenient by deducting weekly.

Esentual has partnered with Kingston Smith LLP to deliver the ASP which means contractors providing professional service to Esentual get the same in return from one of the U.K's top 20 accounting firms, but at less than high street accounting prices.  Our joint solution enables contractors to notify us of income expenes through our online portal at MyEsentual and to view the up to date history of income and expenditure, review Self Assessments and VAT returns (if applicable), online anytime.