Because we help contractors make the decision between limited company or employment business, every day, we can help decide which is right for you.
Each route has its own pros and cons but before we make any recommendations, we look closely at your individual circumstances and working arrangements.
In a nutshell, if using an employment business solution you will benefit from being tax efficient but don’t have to worry about IR35 or masses of business admin. We do your invoicing, ensure you get paid on time, calculate your tax and NI contributions and make sure any legitimate business expenses are reimbursed to you.
Setting up as a limited company is popular and profitable. Your returns after taxes could be higher but your responsibilities, as a director, are greater too. But that’s exactly where a specialist accounting partner like Danbro can help.
Our recommendations are based on:
- Length of contract
- Basis of pay
- Working practice
- Anticipation of future contracts
- Personal preference
If you choose employment business, we can have everything ready to go in a matter of minutes. Or, if a limited company is right for you, you could be up and running within 24 hours.
To help decide the right route for you call us on 0800 731 3178 or request a call back