Being a Contractor, providing personal service through a limited company, is not as carefree as it once was.
With the paradox of government seeking to reduce the tax gap, largely through the collection of more PAYE and National Insurance, and employers demanding an evermore flexible labour force, off payroll, somewhere along the line, something will have to give.
Operating a Personal Service Company (PSC), in compliance with the perpetually changing laws and regulations can now seem hardly worth the reward, especially considering the imminent increases in dividend taxation rates.
However get it right and you could free yourself from the shackles of being a Perm giving you the autonomy to move around your industry, improving skills and building worth, at your own pace.
Our specialist contractor accountants in London, Essex and Manchester are able to provide advice, practical guidance and tailored services to ensure you are always operating efficiently and in compliance with the law.
Tax planning is crucial in achieving optimal results from a PSC, we provide consultancy that not only covers the initial incorporation and operational aspects, but also options around capital structuring, use of DLA accounts and importantly, profit extraction and exit strategies.
With the correct accountants advice, planning and implementation it is possible to achieve a 10% tax rate as a contractor, far better than an employed member of staff under PAYE.
Our contractor services include:
- IR35 Advice
- Contract Reviews
- Alphabet Shares
- Overseas Dividends
- Settlements Legislation
- RTI Payroll
- Flat Rate Scheme
- Professional Indemnity
- Mortgage Finance
If you are an intermediary supplying contract workers, whether directly as a Recruitment Agent or inadvertently as a Contractor, then you need to be aware of the legislation and obligations required on the provision of this labour.
Check out our Intermediaries Legislation page here.
We have offices in Brentwood, Essex,Canary Wharf, London and Manchster and offer fixed fee packages for contractors starting from just £100pm, isn’t it time you gave us a call?