Accounting services

Contractors & freelancers

New to contracting or freelancing and not sure whether you need to register a limited company? We can help.

What should I do?
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What Should I do?

Work through a limited company

If you turn over more than £35,000 a year or are establishing an investment business.

Work as a sole trader

If your turnover is going to be relatively low and you want to keep things very simple.

Set up a limited company

If you're going to be invoicing over £35,000 a year, then setting up a limited company is most likely the best way for you to trade. It's more tax efficient than operating as a sole trader or through an umbrella company.

We can set up your company for you.
As part of this fixed-fee service we will:

  • Incorporate and register your company name and submit all the paperwork to Companies House
  • Advise you on the best share structure for your company
  • Appoint you as company director and complete all HMRC and VAT registrations on your behalf
  • Help you set up a business bank account

Your new company can use our address as your registered office and director's service address. Ongoing use of this address is included in our contractor accounting packages.

How it works?

A limited company is a legal entity in its own right, and when you set one up it is the company that contracts with the clients, not you.

A limited company owns property, generates income, and has legal and financial obligations. It must have a business bank account, and comply with tax legislation for companies, including paying corporation tax, PAYE, NI and VAT.

It’s owned by shareholders, managed by directors and staffed by employees. If you contract through your own limited company, you will be a director of your company and a shareholder in it. This means that you will be paid a salary and be paid dividends. This flexibility is what makes it potentially more tax efficient.

A limited company must be registered at Companies House, and must submit annual returns. As a company director, you have a complex array of obligations, but working in this way allows you to take home more money and look more professional. We simplify the complexity so that you can enjoy the advantages.