Don’t worry it’s not that scary. We’ll hold your hand if you decide to take the plunge. Going Ltd brings many perks not least that you have control of your finances and can actively market yourself to get the best possible rate. As a limited company contractor or freelancer you’re investing in your future and that message will resonate with your end clients. The higher your contract rate, the more tax efficient working through your limited company becomes compared with using an Umbrella or Agency PAYE. If you’re using an Umbrella at the moment, then you’re likely to be getting about 60%-65% of your contract value paid to you as salary. If you switch to your own limited company, you could retain anything from 75% upwards of your contract income. Sound good? We thought so.
When contracting, there are a number of ways in which you can operate, your main options will be through your own limited company or as an employee of an umbrella company.
There are pros and cons to each and below we have summarised a few for you.
Pulse Accounting have over 10 years experience in helping contractors and guiding them through managing their own limited companies. No matter how big or small your company, your personal dedicated accountant is always on hand to offer you unlimited support.
We specialise in offering accountancy services to UK based contractors and freelancers. We’ve been looking after the business affairs of contractors and freelancers since 2009 and have a firm handle on what services you need and when. Contractors don’t run businesses like everyone else and we know exactly what you want, when you want it and how you want it. This makes us the perfect choice for a busy contractor like you, regardless of your occupation or what industry you’re working in.