If your income for the year is £30k or more and you intend to work on contracts for longer than three months then the positives will ordinarily far outweigh the negatives.

The positives

  • There are significant tax savings to be made.
  • You are in control of your own finances.
  • The daily rates that you can command through a limited company generally exceed salaried options.
  • You are your own boss when working through a limited company.

The negatives

  • A small amount of admin and bookkeeping is required.
  • With a limited company come various directors’ responsibilities, such as filing your accounts and company tax returns on time.
  • Obtaining finance can be more difficult in the early days, but not impossible.

The positive aspects of a limited company are elements that you will benefit from personally whilst the negatives are something that a good accountant can help you with to the point where they do not take up much of your time at all. For more information on working through a limited company contact us.

Why choose Integro Accounting?

Integro Accounting provide a fixed fee accountancy service to contractors, freelancers and small business owners. Integro accounting was founded on the word integrity. Clients rate us 5/5 on Google and we pride ourselves on building a completely transparent and personal relationship with our clients.  Our all inclusive packages include:

  • Fixed-fee pricing – no hidden charges, one comprehensive package.
  • Your own dedicated accountant – an expert accountant with you every step of the way.
  • Unlimited face to face meetings – face to face and virtual meetings available across the UK.
  • Award winning accountancy software – a FreeAgent licence provided to all clients.

Speak to one of our expert accountants today on 0207 0962659 for more information on how we can help you.