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.