Oil and Gas Contractor Advice

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The price per barrel of Crude Oil is currently around $110 per barrel (February 2011), predictions are that by 2020 it will rise to $350 per barrel! These predictions are based on the fact the Oil and Gas industry cannot keep up with worldwide demand and as a direct result the industry is rich with opportunities for oil and gas contractors.

Advantages of being an Oil and Gas Contractor

  • Higher rates of pay - This is only fair as unlike permanent employees, contractors do not get holiday or sick pay, giving you a greater chance to negotiate a higher rate of pay.
  • Prospects - There is an endless supply of contracts, as demand for oil and gas is struggling to be met.
  • Richer skill set - The more contracts you take on the greater your practical and managerial skills. Giving you a wider choice of projects and the ability to charge higher daily rates.
  • Freedom - You can choose which contracts you take on and the length of time your contract is.
  • The chance to be your own boss – You are the specialist in the oil and gas sector putting a new spin on the client contractor relationship.  
  • Experience - The more contracts you take on the greater your practical and managerial skills. Giving you a wider choice of projects and the ability to charge higher daily rates as an oil and gas contractor.
  • ‘Bonhomie’ among the colleagues – If you take a contract on a oil rig, you tend to see the same faces every day and they soon become your extended family. You can bank on them for all your needs.
  • Lower Taxes - Any accountant will tell you that trading through your own Limited Company is the most tax efficient way possible. This only to be expected after all as a contractor you do not get sick pay, holiday pay, and have to manage your own tax affairs. However any good accountant will be able to remove most of the burden and you shouldn’t need to allow more than 15 – 20 minutes a month for Ltd company administration.

At SJD we provide all our clients with pro-active tax advice and accountancy services all backed-up by a money back service guarantee. We are the UK's largest specialist accountants for contractors with over 15,000 contractor clients, all of whom work through their own Limited company. 

We offer all clients:

  • Unlimited face to face meetings. Tax is complicated which is why we offer everyone face to face meetings across the UK.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.  

All this for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

As mentioned we provide an all inclusive service which includes: 

  • Year-end accounts*
  • Corporation tax
  • Payroll bureau
  • Dividend administration
  • Dealing with HM Revenue and Customs and Companies House
  • Quarterly VAT Calculations 
  • Support with Annual Returns
  • Personal Taxation
  • Access to your own dedicated accountant* for all help and advice
  • Free bookkeeping software

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!

You’ll also be pleased to know that we have won more awards for customer service and accounting excellence than any other firm in our market including: Accountancy Age Awards, Best Accountant for Contractors six years running and Best Companies Awards to name just a few. 

We are also deemed IPSE Accredited Accountants and have more qualified staff than any other specialist firm with qualifications covering: ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

With an on-line Company formation facility we have a lot of experience in forming and dealing with newly formed Companies and will be happy to assist and guide new clients in all aspects of the administration and accounting requirements for their new company.

If you are thinking of contracting through your own company, read our new straightforward guide on How to Contract through your own Limited Company. You'll be surprised how little time it takes and just how easy it is.

If you have any questions about contracting or would like any further advice please call our New Client Services Team on 01442 275789 or email janice@sjdaccountancy.com

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your Emails received by 4pm on any normal working day will be answered the same day. Should it be necessary to leave a telephone message it will be answered same day/following day latest or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.