Limited Company Contracting.
Running your own limited company has always been the most popular choice for contractors to run their payroll, and for valid reasons. Taking advantage of standard accountancy practices enables you to reduce tax liability and gives you complete flexibility as to how and when you take your income. With ongoing issues surrounding the recent IR35 reform, many contractors have been unable to continue working via their own limited companies and now require PAYE services such as an umbrella.
The benefits of contracting via a Limited Company are:
- Higher take-home pay
- Pay yourself a combination of salary and dividends
- Claim on limited company expenses
- Personal assets are protected
- Complete control of your business
- Greater opportunity for tax planning
Setting up your own limited company is an alternative solution to working through an umbrella company subject to your individual IR35 status. Should you work full-time or part-time, contracting via your own limited company offers great flexibility and advantages. As a director of your own limited company, you can pay yourself a combination of salary and dividends – making going limited one of the more tax-efficient ways to work for yourself.
We can also help make running your limited company simple and hassle-free with our comprehensive accountancy services. All your returns and bookkeeping are taken care of by your dedicated accounts team who are on hand to provide tailored advice and support all year round.
For more information on our Limited Company solutions and pricing please either complete the below contact form or contact us via telephone: 0161-3990095 or email: hello@bestpaye.co.uk
