Limited Company

In order to take full advantage of the dividend tax rules and National Insurance Employment Allowance why don’t you think about using our Limited Company product allowing you to have multiple shareholders and employees in your company.

We have a team of specialist limited company contractor accountants, dedicated to looking after your requirements. With eighteen years of experience we are perfectly set up to look after your needs no matter what industry you are in.

Special Offer – Transfer from your existing accountant for free:

• Free initial consultation
• Free limited company set up
• Access to dedicated consultant
• Full service offering – we do everything for you
• Cloud-based system
• Professional team with over 15 years experience
• Winding down included*
• Low cost packages

*Not included in ‘No Frills Package’.

We have a range of packages to suit your requirements. From lower cost packages for those who are cost conscious to value added packages for professionals looking for that extra level of service. You can view our packages below.

Limited companies generally offer contractors the most tax efficient way of working. They are often best suited for longer term contracts and those billing over a certain minimum amount.

Working under a Limited company banner can be very rewarding. You could, in some circumstances, take home up to 85% of your salary working through a Limited company. It is not suited to everyone as IR35 and managed service company legislation must be considered.

Your SAIL Account Manager is here to help you to take full control of your finances offering you complete peace of mind.

A limited company is a useful structure for a number of reasons:

• As a separate legal entity you have the ability to structure salary, dividends and other payments to make your take home pay more efficient.
• You can deduct valid business expenses to reduce your corporation tax bill.
• In some instances you can register and benefit from the Flat Rate VAT Scheme, enhancing your take home pay.
• With planning you can benefit from other savings to improve your overall position.

As a Limited Company, this can depend on a number of factors, including whether you decide to register for the Flat Rate VAT scheme or not. You can speak with one of the SAIL team who will be able to get you started, or use our online calculator for an immediate indication.

A specialist limited company contractor accountant provides several clear advantages:

• We keep up to date with changing legislative requirements so you don’t need to.
• We take away the admin hassle of looking after your limited company.
• We provide online access to your account and regular status updates so you can always see what is happening in your company.

The limited company structure is not for everyone and there are risks. These risks are manageable, but it often depends on the individual circumstances of a client. The main risks are:

• Your business practices or tax legislation changes to make the limited company structure less efficient.
• Personal circumstances change e.g. you invoice a lot less than normal making it too expensive to run a limited company.
• IR35 legislation applies to deem the limited company relationship one of employment requiring additional taxes to be paid.

Please talk to one of our consultants if you wish hear more. We even have an IR35 Insurance type product to help you manage your risk.

Limited company accounting and company secretarial administration is not without its statutory or regulatory pitfalls. It can also be quite an administrative burden. SAIL International was started to remove this burden from contractors and allow them to focus on what they want to be doing while allowing us to focus on what we are great at.

Frequently Asked Questions About Limited Companies