The simple and effective solution to increasing your take home pay
The perfect solution for setting up and running your own company
Banking, Investments & Savings for Contractors & Ltd Companies.
If you're new to contracting you've come to the right place. Contractors Limited Company are experts in the field and have years of experience helping contractors like you. You couldn't be in a safer pair of hands.
It can be daunting for a first time contractor. Like any new venture there seems to be lots to learn and understand. That's where Contractors Limited Company comes in, we've seen and done it all before. We're here to hold your hand through the processes and help you with the decisions you will have to make.
You can rely on Contractors Limited Company to help you make the right choices and to ensure your contracting career is financially beneficial and your burden of administration & paperwork is reduced to the minimum.
If you find everything a little confusing you're not alone. Every first time contractor is the same as you. Contractors Limited Company understands how you feel, and have designed accountancy services to suit you.
Contractors Limited Company is professional, helpful and here to guide you through the maze of paperwork and legislation. Because we take the worry off your shoulders you're free to concentrate on your contract job.
Contractors Limited Company will help you work in the way that best suits you, and because we are expert at tax planning we are also incredibly cost effective. You get peace of mind as well as the maximum take home pay - priceless!
Every contractor has choices. There seems to be so much conflicting advice on the web it can be confusing to know which the right advice for your particular situation.
Contractors today have three main options, when it comes to how they trade:
Managing their own limited company
Using the services of an umbrella company
Recruitment agenct PAYE
Setting up and managing your own limited company has been the most common way for contractors to handle their contract for many years. It is financially rewarding and carries the least amount of risk.
It does involve a degree of administration on your behalf and you will have to ensure you keep the affairs of the limited company in good order.
Using the services of an umbrella company is a relatively new option (umbrella companies first appeared around 2000).
The contractor has no responsibilities for the running of a limited company, no administration to do and is not bothered by government red-tape.
This is the least effective way of trading as a contractor. These days the majority of recruitment agencies do not even offer their contractors this option any more.
Contractors pay the maximum of tax and National Insurance on all their earnings because they are not allowed to claim business expenses. Though a straightforward option it gives the contractor the least net money.
There's a lot to think about, and many decisions to make. That's where Contractors Limited Company is a real asset to you. Because we are experts in the contracting industry we can assess your individual situation and help you make the right choices.
Every contractor has a set of unique circumstance and because we have so much industry experience we can make sure the decisions you make are the right ones for you.