Benefits and Disadvantages of contracting through own Limited Company

We look at the tax benefits and administration burderns that come with contracting through your own limited company.

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.

Disadvantages

Inevitably there is an administration burden and legal requirements that will need to be met, but these are easily manageable.

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Jassal & Company, 829 Stratford Road, Springfield, Birmingham B11 4DA

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