Not happy with the return you get from your umbrella company? Perhaps your rate has increased or you’ve made the decision to move into contracting for the long term? Then it may be time to consider setting up your own limited company. The contractor accountants we work with have years of experience working with contractors from a wide range of sectors.
Trusted Partners for the
Support You Need
Dedicated teams will provide as much or as little assistance as you require, from initial incorporation, to preparation & submission of Annual Statutory Accounts, quarterly VAT returns, bookkeeping services and regular IR35 contract reviews. Choosing the right accountant can make a big difference to the success of your limited company.
Contracting Scout will take the time to get to know what matters most to you. We then use our industry insight and understanding of your requirements to recommend an accountant with specialist services tailored for contractors just like you. Plus with our help, you can benefit from preferential rate agreements, meaning you’ll be getting a great deal too.
Looking to Switch From an Umbrella Company?
The process could be easier than you think.
1.
Notify your current
Umbrella Company Provider
Your current umbrella company will issue you with a P45 and ensure outstanding expenses are claimed and salary is paid.
2.
Find a suitable contractor accountant who can help with paperwork and statutory requirements.
As contractor specialists we can ensure you find the best accountant for your needs.
3.
Set up and incorporate your limited company
A good contractor accountant can have you set up and registered within a couple of days.
4.
Open a separate business bank account
Your contracts will now need to be issued in your new company name. Any payments for your contract work will be made into the new limited company bank account.
5.
As soon as that’s completed, you’re ready to start making money!
Your accountant will be able to recommend the correct salary and dividend combination that you should take and review any upcoming contracts for IR35 compliance.
Contracting Scout can help with all of this!
SPEAK TO A CONSULTANT TODAY
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