Limited Companies

Contracting or Freelancing through your own Limited Company

What is a Limited Company?

So, you have a new contract, or you're looking to start working as a contractor or freelancer! Congratulations, you're halfway there...You've heard this Limited Company option floating around out there and apparently you can take home more money working through one of these 'LTD' things - but what is it to you? Well, in a nutshell... A Limited Company is a Company limited by shares, simple. A Limited Company can be set up in as little as a day and anyone who's contracting can use one. A Limited Company can be a daunting idea if you're planning to run it yourself because it does come with the responsibility of accounts and administration, but not to worry, that's what we're here for!

Upon your request we can also help with the registration of your company, your accounts and the processing of payroll specific administration such as invoices and expenses.

Why use a Limited Company to contract?

Because, as the director of your Limited Company, you can contract your services to your clients and increase your take home income by paying yourself a salary and the profits (dividends) of whatever your company earns. You are subject to tax on these earnings but the Pay As You Earn and National Insurance contributions you have been paying all your working life can now become greatly reduced. There are many benefits of working through a Limited Company such as receiving tax relief on your Company's expenses and having more freedom. To find out just what all this entails and how you can ultimately take home more money legally, contact one of our professional consultants who can provide you with a free no obligation calculation and help increase your income while contracting. Our service is fully HMRC compliant and our experienced accountants are always on hand to answer your questions.