Contractors, Consultants & Freelancers

Specialist services for contractors, freelancers and consultants

Are you a contractor, freelancer, consultant or on a temporary contract? If so then you may have heard the terms umbrella company, IR35 and personal service company. These areas can be a little confusing but there can be huge opportunities for contractors or self employed consultants to save tax through setting themselves up tax efficiently. That’s why it’s worth at least considering your options and talking them through with an accountant to ensure you’re not missing a trick. Why not ring us now to find out more; we offer free initial consultations so you have nothing to lose.

In certain circumstances you can operate through your own limited company which is far simpler than it sounds and can have huge financial advantages. For someone charging £175 a day you can save over £5,000 tax using a limited company compared to being on the payroll / umbrella company.

The key benefits of a limited company over an umbrella company or being on the payroll are:

– Pay NO National Insurance
– Claim tax relief on allowable expenses e.g. iPads, laptops, travel.
– Benefit from the Flat Rate VAT scheme (more money in your pocket)
– You pay less tax and you pay it later than other structures
– Norton Accountancy can take care of nearly everything and give you a simple life for a very competitive fee

It’s important to know that operating under a limited company does not apply to all clients. In some circumstances it is more suitable to use an umbrella company or to contract via the PAYE system. The crucial point is that if you are a contractor, freelancer, consultant or you have flexibility how you receive income then you should speak to a specialist accountant to review your options.

At Norton Accountancy we have a specialist division for contractors, consultants, freelancers and consultants. Unlike many other companies we offer a face to face service with qualified accountants, and not simply an anonymous postal/ telephone service.

Why not get in touch now for a FREE meeting to find out more about the possible tax savings.

Please email us or phone one of our regional offices on the numbers below:

London: 020 3102 4185
Bristol: 0117 910 9858
Newport: 01633 547 409
Cardiff: 02920 567 366