Paperrocket banner 3 sign up button orange star

Welcome to PaperRocket Accounting,

Specialist accountants for Limited company contractors and freelancers

Practice excellence Herts 2015 logo-FINALIST PaperRocket logo high-res Herts 2016 FSB New Colour Logo Finalist (1) freeagent-premium_partner
PEP16 Small Practice arrow down

You could take home in excess of 20% more of your contract value in comparison to contracting as a sole trader or through an umbrella company

 

You can make use of tax free dividend allowance of £5,000 a year and pay just 7.5% personal tax on additional dividends that fall within the lower rate tax band

 

The company will have the opportunity to join the VAT flat rate scheme, a special VAT scheme aimed at small companies. The scheme helps to increase the income of the company, so on a contract value of £80,000 this could be additional income each year in excess of £3,500

 

There are a number of expenses that are claimable through your Limited company meaning you won't have to fund these from your own pocket.  What's more they will help reduce any tax due to HMRC from the company

 

The option to pay yourself using a combination of salary and dividends tailored to your personal circumstances and tax position

 

The company can make contributions on your behalf into a registered pension scheme.  Not only will these contributions benefit you on retirement they will also be made tax free and assist with lowering the company's corporation tax bill

 

As an employee of the company you can use the childcare voucher scheme.  The scheme allows the company to pay £243 per month to a registered child care provider on your behalf for your child/children's child care. This is a potential tax saving of more than £580 per year

 

The option to employ a company secretary and pay them a monthly salary which may be tax free depending on their personal circumstances

 

The ability to give your spouse a shareholding in your company and receive dividends

 

 

Whether you are brand new to contracting or making the move from an umbrella company, it can be a little daunting starting up in business with a limited company of your own.  Becoming a company director comes with a set of legal responsibilities but by working with PaperRocket we will ensure you always keep on the right side of both Companies House and HMRC

What are the benefits of contracing through a limited company?

arrow

Get started now by choosing the accounting package that best suits your needs...

Nav 1 right white large Nav 1 right white large

Our formation service is free when signing up for either the silver, gold or platinum accounting packages (otherwise £85 plus VAT) and includes the following...

 

 

   Formation of a Limited company with a name of your choice with Companies House (subject to the availability of the name)

 

   Set up of the company tailored to your personal requirements including share capital and shareholders structure, and director and secretary appointments

 

   Registration with HMRC for value added tax and application to use the VAT flat rate scheme if appropriate

 

   Set up of a PAYE scheme to enable the company to pay its employees a salary and to pay PAYE to HMRC

 

   Assistance with setting up a company bank account with Cater Allen private bank

 

   Registering the company with HMRC for Corporation Tax

 

   Registration of the director with HMRC for self assessment personal tax

Limited company formation service

Limited company contracting

Are you ready to start your new business journey?

Luggage Nav 1 right white large Nav 1 right white large