The New Contractor
You will probably have heard that a personal limited company is your most cost effective option as you embark on your contracting career. Who should you turn to? Why not ask us as specialists in this field? Please call and we can discuss your situation and evaluate the best options. Alternatively feel free to make an appointment to come and see us without obligation. We will cover the following:
- Is a limited company right for you?
- What are the other options?
- Work through the tax advantages for you
- Discuss any other of your concerns, e.g. pension and mortgage implications.
Once you are convinced that the limited company route is for you, we will go through what our package has to offer. It is then up to you. We can set a company up with your choice of name within 24 hours ready to trade. For contractors short of time setting up in business can be carried out by phone and email.
Our new company services include:
Setting Up The Company
- Limited company provided either set up with your choice of name, or off-the-shelf
- Our relationship with two leading banks means that we can arrange to open an account easily and to your requirements
- VAT registration arranged if required
Salaries And Dividends
- We will prepare payslips and dividends for you and all returns to HM Revenue & Customs - you just raise the cheques
- All annual returns prepared including details of your expenses where these are required
- Electronic filing of Employer HM Revenue & Customs returns to take advantage of the rebates offered.
Accounts
- We ask that you send us a list each month of what has been spent and received
- We write up your accounts and prepare the VAT return from this
- Annually we will draw up the year's accounts to send to Companies House and complete your Corporation Tax return
Company Administration
- We prepare the returns necessary for Companies House and draw up any resolutions and minutes required in the running of your company
Tax Planning
- We will regularly review your situation to see if there are any improvements that could be made
- We ask that you let us know if there are any changes in your circumstances or you wish to make an asset purchase through the company, e.g. car. We will advise you as to the best course
- Advice on IR35 and how this can be avoided
