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| Limited Company V/s Umbrella Company |
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Why
Choose Limited Company for contracting rather than an Umbrella
Company? Working through an Umbrella is bit like throwing away
your hard - earned cash. If you are in independent Contractor or
Freelancer and are IR35 Compliant then
a Limited company will be one of the most tax efficient ways of working.
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Most tax efficient way of working -
A Limited Company is most tax efficient way of working.
You save on NI and can claim much wider range of
expenses. VAT savings are made using flat Rate
scheme. With an Umbrella Company you end up paying
both employers' NI and employees' NI. With a Limited
Company you can avoid both through careful tax planning. |
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Much wider range of expenses allowed.
With Limited company you are able to claim much wide
range of expenses. With Umbrella company you can claim
limited amount of expenses. |
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With Limited Company you have complete control over the affairs of the company and you are your own boss. |
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With a Limited Company you
are able to take advantage of opportunities as they
arise because company already has a set - up and trading history. |
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It is a myth that running a limited company is difficult.
DNS Associates' Online Accounting portal makes it very
easy. All it takes is 15-30
minutes of your time on monthly basis. |
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A Limited Company opens
door to more efficient tax planning and helps
keep you hold of more of your hard earned cash. |
There are two good reasons to choose an Umbrella Company over a
Limited Company: one is if you are thinking of
freelancing/contracting for less than three months. The other is
if you are quite sure that you fall within IR35.
However, even if you do fall within IR35, but are considering
pension planning, then working through a Limited Company will
bring greater advantages then operating through an Umbrella
Company.
The Key to working
through limited company is to ensure that you are IR35 Compliant. Why donft you read more or send us your contract for Free IR35 review.
DNS Associates believe in
providing a comprehensive service to all our clients. We
guarantee there are NO hidden secrets and no surprises. At DNS
we believe in having everything covered from the start: from
setting up the Company, to the point of protecting you from the
Inland Revenue. Unlike other accountants, DNS does not make a
separate charge for each of our services, such as dealing with
Inland Revenue enquiries, bookkeeping or filing the personal tax
returns of directors, we arrange with you one charge and we
stick to it. We sign a contract with you, a mutual agreement
that we adhere to. DNS is happy to review your contract as many
times as necessary. We will be happy to meet with you as often
as needs. We do not believe that business between us should be
conducted mainly on the telephone and email and we place great
importance on personal meetings and face to face discussions.
Our comprehensive service includes:
| 1 |
Formation of your limited company |
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Registering your company for VAT/PAYE |
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Set -up of a company Bank Account |
| 4 |
FREE banking within transactional limits |
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FREE IR35 status reviews at any time |
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An intuitive online portal system to enter Income and Expenses. |
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Raise invoices and forward them to the agency. |
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Quarterly VAT returns |
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IR35 enquiry / Fee investigation insurance |
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Monthly payroll service including all year
- end submissions. |
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Up to date live position of your company, showing profit to date, what you need to reserve for tax and what is available as dividends. All accessible through your online portal. This will keep you in full control and removes uncertainty about taxes and dividends forever. Why donft you try it free for first 1 month. |
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Annual Statutory Accounts including filing all statutory returns, including Corporation Tax Returns. |
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Personal Tax return of directors. |
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Dealing with all correspondence from HMRC & Companies House. Advice on IR35 & S.660 |
| 15 |
Professional Indemnity Insurance |
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Online Accounting
Software For
Contractors |
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