Benefits of Contracting through your own limited company:
- It is a tax-efficient way of being in business.
- You can claim a wide range of expenses and tax allowances such as accountancy fees, travel and advertising.
- You can use the flat rate VAT scheme.
- You keep complete control of your financial affairs and you will be in a better position to manage your customer relationships.
- We can help you manage the company in a simple and cost-effective manner without the need for expensive accounting software.
Inevitably there is an administration burden and legal requirements that will need to be met, but these are easily manageable.