Single person company support

Providing your services through a company is widespread for its tax and commercial advantages. Where an employment is not necessary, a company can facilitate working arrangements which suit both sides.

• With properly structured payments, a limited company can save considerable national insurance for you and the person hiring you.
• Limited liability helps protect you from having to pay business debts with your personal assets, such as your home.
• A company can sue and be sued in its own name, providing further protection to your personal assets from business dealings.
• Unlike being a sole trader, a company offers protection to your client from PAYE liability in the event that HMRC determine that you should have been employed.
• As a result of the above, a company adds more credibility to your offering
• Some clients will only do business with you if you have a company.

Our complete service for contractors includes

• Forming a company, often possible in the same day.
• Registration for corporation tax, VAT and the flat rate scheme, as appropriate.
• Preparation of accounts, company tax return and corporation tax calculation.
• Annual registered office and company secretarial facility
• Advice on choosing a year end and dormant periods
• Saving tax and withdrawing funds from the company as dividends and salary depending on your specific circumstances
• Valuation of goodwill and other assets on incorporation
• Advice on owning assets personally or through the company
• Support through any tax enquiry

We can provide an efficient service based on thorough experience of tax and accounting for one person companies. Please contact us for a professional consultation.