Why use the ClearSky contractor calculator?
Taking the first step to becoming a contractor? Or, perhaps you’ve been contracting for a while as an umbrella employee but are ready to take the next step in your career? Whatever your reason for considering becoming a limited company director, it’s likely that how much money you’ll be taking home will be a big factor in your decision!
Becoming a limited company director can mean you have to do a little more in terms of paperwork, so it’s important to know that you’ll be reaping the extra rewards at the end of the month. This is why we’ve created our limited company calculator; so you can calculate your income as a limited company director. Just another example of how we’re with you all the way.
Why it pays to go limited
If you set up a limited company, you can benefit from a number of tax-efficient perks. One of these is the ability to pay yourself a combination of salary and dividends – reducing the amount of Income Tax and National Insurance you’ll be charged. You can also register for the flat rate VAT scheme, which allows you to keep back some of the tax you charge clients – instead of sending it all to HMRC.
How ClearSky can help
If the idea of increased income with tax-efficient benefits sounds good to you, but you don’t like the idea of the extra admin, we’re here to help. We can help to cut the amount of paperwork you have to do and simplify the tasks that stop you from getting in the way of what you do best; your job.
Want to know more? Contact our best advice team today on 0800 032 5326.