Take charge of your career and go limited with ClearSky

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Whether you’re just starting out as a contractor, or have been working through an umbrella for some time, forming a limited company could be the most profitable way for you to do business – especially if you’ll be earning more than £35,000 per year.

You can pay yourself a combination of salary and dividends to ensure you’re more tax efficient. There’s also a lot more flexibility in the way that you can manage your expenses. If you travel or eat out while on business, some or all of this expenditure can be claimed back. Even the tools that help you to do your job can be bought through your limited company to further maximise its profitability.

Of course, there is more responsibility and more paperwork to consider, but that’s why we’re here – we can take almost all of it off your hands for you. ClearSky’s expert limited company accountants will make setting up a limited company, and the transition to being your own boss, as easy and seamless as possible.

Our best advice team can give you in-depth advice on the pros and cons of being a limited company to help you make the most suitable choice, so get in touch with them today.

Reasons to go limited

You’d like to increase your income

You’ve decided to commit to contracting for the longer term

You’re a freelancer working on multiple short projects

You’re happy to manage your own invoicing (with help from us)

You’d like to be your own boss

Our packages and costs

 

Our comprehensive range of services includes everything from self-assessment tax returns to personal accident cover, all completed by your own experienced personal accountant.

Our limited company accountants are experts in IR35

 

If you’re thinking of starting your own limited company, you’ll need to be aware of IR35 legislation. Although the details can be confusing, there’s no need to let it cause you undue worry. The ClearSky team has in-depth understanding of IR35 and vast expertise in the sector, so you can rest assured that we can provide you with the support that ensures you stay on the right side of legislation.

If you’d like to talk to ClearSky about IR35, get in touch on 08000 325 326. Or if you’d like to read more about IR35 and how it could affect you, download our in-depth guide.

Could Parasol’s umbrella solution be a better choice?

 

Working through your own limited company offers you a great amount of flexibility – not to mention significant tax benefits. However, it’s not for everyone, and some contractors may find themselves more suited to joining an umbrella solution, such as the one offered by our sister company, Parasol.

The biggest difference is the lack of paperwork. As an umbrella employee with Parasol, all of your tax and National Insurance contributions are paid by your umbrella company. You’ll also get all the usual statutory employment benefits like sick, maternity and holiday pay. Umbrella tends to be best for those completing shorter-term contracts, or earning less than £35,000 a year.

Ultimately, you need to decide which employment option is the best for your circumstances and WorkStyle – working through your own limited company with ClearSky or joining an umbrella solution via Parasol. But you don’t have to make the decision on your own. Our specialist best advice team can give you in-depth advice on the pros and cons of each route to help you make the most suitable choice.

Get in touch with them today, or take a look at our other resources to help you decide.

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