Limit your personal liability
Straightforward | Efficient | Legal | Safe
Hassle-free & compliant contracting
Limited Company – Unlimited Potential
Going Limited with ATA – here for you all the way!
At Access Tax and Accounting, we are proud to be experts in our chosen field of operation; offering tailored accountancy and taxation advice to contractors.
As a contractor or freelancer, you specialise in your chosen field – whether this be IT consultancy or engineering. We appreciate this and we aim to use our expert knowledge to assist you to realise your full potential throughout your career.
Many contractors shy away from taking the step towards obtaining the benefits available from contracting through their own Limited Company, simply because they do not have a clear understanding of what running a Limited Company entails. At ATA, we hope to remove any concerns or misconceptions you may have, we offer guidance and assistance throughout the whole process. Wherever possible, we will remove the administrative burden, so that you can focus on contracting.
Contracting via your Limited Company – made easy!
Contracting through a Limited Company need not be daunting. Yes, there is some more responsibility and paperwork involved, but that is where ATA will advise and assist you, wherever possible.
By contracting through your Company, you can have flexibility in how you draw money; through a combination of salary and dividends (from any retained earnings). You can also legitimately offset genuine business expenses (including your salary) against the Company’s taxable income.
Legally maximise your retention rate
The most tax efficient & compliant way to contract
Obtain tax relief on expenses incurred ‘wholly and exclusively’ for the business
Present an enhanced image for further credibility among your current and potential clients
Maintain control of your finances and eliminate third-party/umbrella company risk to your funds
Whether you have an existing Limited Company – UK or foreign limited – or need to incorporate one, we can help you to contract via your Company throughout Europe, including in:Belgium,Denmark,France,Hungary,Ireland,
UK Limited Company Incorporation
If you have an existing Limited Company (UK or foreign Limited) in most cases you will be able to utilise this to contract through. However, if you do not have an existing Company, we will assist you to incorporate one in the UK. It is a simple, quick and straightforward process.
There is no requirement for the shareholder(s)/director(s) to be a UK citizen or to have had any prior connection with the UK in any respect. The Company can be opened with a nominal share capital, i.e. GBP 1 representing one share of GBP 1.
Being a UK Company Director
Your Company must have at least one director and in order to be appointed they must:
Directors of a UK Limited Company do not have to live in the UK but the Company must have a UK registered office address – we can advise on this further.
A director of a UK Limited Company has certain responsibilities and must:
Follow the Company’s rules, shown in its articles of association
Maintain Company records & report any changes
File the Company accounts & tax return
Tell other shareholders if they might personally benefit from a transaction the Company makes
Pay Corporation Tax (on any Company profits)
Register for self-assessment & file a personal self-assessment tax return each year
If you work with Access Tax and Accounting we can help you with these tasks but, as a Director, you are still legally responsible for your Company’s records, accounts and performance.