Bright Ideas Accountancy is a firm of specialist accountants that provides high-level support to a wide range of small firms, including contractors, freelancers, and sole traders.
It has a 5-star Google rating (as of November 2026).
The firm’s solo limited package is very popular. It offers everything a limited company contractor, freelancer, or small company needs in terms of accounting and tax support, and it costs just £119 + VAT per month.
In this guide, we look at BI Accountancy’s services in more detail and ask the team to answer some contractor-related FAQs.
BI Accountancy at a glance
| Monthly fee | From £119 + VAT |
|---|---|
| Software | FreeAgent included, with a free tutorial |
| Your accountant | Dedicated accountant and tax adviser |
| Support | Unlimited phone and email support |
| Response times | BI advertises a same-day response to calls and emails received before 3 pm |
| Payroll | One employee included |
| Personal tax return | One director’s Self Assessment return included |
Key services – what does the solo limited accounting package include?
The sole limited package includes everything you need, including:
- Free limited company formation
- Company annual accounts preparation & filing
- Quarterly MTD-compliant VAT return preparation & filing with HMRC
- Company tax return preparation & filing
- Monthly payroll for one employee, including RTI return filing
- Monthly FreeAgent subscription included – we can provide a user tutorial for free
- All clients have their own dedicated accountant and tax adviser
- Unlimited personal support by phone and email
- Annual company P11D and employee P60s completed
- Unlimited secretarial services, where required
- Confirmation statement filing
- We act as agents with HMRC for both the director(s) and your company
- Personalised tax planning for the director
- We will complete and file one director’s self-assessment tax return
- We can provide one mortgage & income reference each year
Visit Bright Ideas Accountancy
Extra services – if you need them
Alongside the core services we provide for all of our limited company clients, we can also provide some add-ons for a small extra fee, including:
- Registered office address service – £10/month
- Additional payroll per employee – £5/month
- Additional self assessment tax returns (e.g. for a spouse) – £10/month
- Dormant company – after three months of inactivity, we reduce your monthly fee to £40/month to cover all nil returns.
Articles by Michael McCullion
BI’s founder has contributed guides to ITContracting, Limited Company Help and ContractorUK. Here are three to read:
- Can you claim the cost of work clothes on expenses?
Limited Company Help – updated 4 September 2026 - Are accountant fees tax deductible for a limited company?
ITContracting – updated 21 August 2026 - How to run a contractor limited company efficiently: bookkeeping software
ContractorUK – 23 January 2026
Latest from BI Accountancy
Autumn Budget 2026: BI’s guide for contractors and company directors
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BI’s summary covers the Budget announcements affecting contractors, freelancers and limited company owners.
Bright Ideas Accountancy – some FAQs
We asked BI’s founder, Michael McCullion, to answer some questions about his company.
In a competitive market for accountancy services, why should contractors choose Bright Ideas?
There are many contractor accounting firms, but what sets Bright Ideas Accountancy apart is our level of service and personal touch. All our clients really appreciate the time their personal accountant dedicates to them and their business.
What is a crucial bit of advice you’d give to a first-time company director?
Get onboard quickly with software (such as FreeAgent) and an accountant to ensure you are compliant and maximising available tax efficiencies.
How long are your clients tied in for?
Bright Ideas operates on a rolling monthly contract basis, which is unusual in the marketplace. If you change your mind, you can cancel the services with just one month’s notice. We’re confident you won’t want to leave once you join us.
What sort of accountancy software does your firm support?
All Bright Ideas clients get automatic access to FreeAgent – the UK’s #1 small business accounting software. We also support Xero and QuickBooks.
How many clients do you have?
We’ve grown rapidly—primarily through word of mouth—from 100 clients in 2017 to well over 1,000 today.
What makes BI different from other accountancy firms in the sector?
We pride ourselves on putting our clients first—we have the highest 5-star rating on Google (from over 100 reviews).
Most new clients are referred by existing clients. We offer unlimited support and pledge to respond to all emails by 4 pm, Monday to Friday.
All at a competitive fee of £119 + VAT per month—significantly better value than most of our competitors. There are no hidden fees whatsoever.
What types of businesses does your firm support?
We support a wide range of businesses from all sectors, including freelancers, contractors, sole traders, and limited companies.
Do clients have access to a single point of contact?
Yes, absolutely. All our clients have a dedicated account manager and unlimited support via phone and email.
Where can you find Bright Ideas (BI) Accounting reviews?
- BI has a 5-star rating on Google, based on 110 reviews (as of November 2026).
- You can also read some reviews on the Bright Ideas website.
Visit Bright Ideas Accountancy
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