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Topic Archives: Limited Company

3 Step Guide to contract through your limited company

1.Set-up your Limited Company. To get started you will need to form a limited company. This usually takes a few minutes and your company will be set-up within hours. There are many formation companies who can setup your Limited company, but we advise using an accountant so that the small but important like share structure etc, [...]

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Starting a business: sole trader versus limited company?

During these uncertain economic times, many people are viewing this as a good opportunity to start a business.  However, as accountants we often get asked the sole trader versus limited company question. Firstly let’s go through the definitions: A sole trader is when there is no separate legal distinction between you and your business.  As [...]

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Umbrella versus Limited Company demystified

Umbrella versus Limited Company, which one is right for me? An umbrella company means effectively you are an employee, hence income tax upto 50% and national insurance of 12.8%. There is a lot of confusion out there on whether you should be on an umbrella scheme or operate through a limited company.  Here is why: The simple answer [...]

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