Limited Company for Contractors
If you want to work as a contractor, the most tax-efficient way is to start a limited company. Starting your own limited company will benefit you in many ways and you can easily work as a contractor or freelancer. At Hayes Accountants, our expert contractor accountants will help you to start operating your limited company by assisting in administrative and paperwork. For starting a limited company, our specialist accountant will prepare your documents according to the legal and statutory obligations.
Benefits of a Limited Company for Contractors
If you want to offer your services as a contractor, setting up a limited company is the best choice for you. It will benefit you in the following ways.
- More tax-efficient way for contracting
- Professional image of your enterprise
- You can join a flat rate VAT scheme
- Personal liability is limited
- Complete control of company affairs in your hands
- For tax planning, you can also create shares