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The decision to contract through your own limited company could be the best one you ever make, but many new contractors are afraid it will be a lot of work to set up and run their limited company. In general, this is a misconception, and with Orange Genie Accountancy in your corner there is nothing whatever to fear.
There is slightly more administration to do than if you worked through an Umbrella Company but then you wouldn't’t have access to the same tax planning opportunities, and managing your limited company is fairly simple.
Before setting up your limited company, it is worth speaking to Orange Genie, so we can make sure it's the best option for you and give you a rough illustration of your take home pay. We can also help you with company formation, so it's well worth getting in touch.
Now you have decided to form your limited company, the next stage is to incorporate your company at Companies House. The most challenging part is actually choosing a company name, this could simply be your name, your child's name or a road name. It is worth using Companies House Name Checker to check if the name is available.
You will also need to know the following details:
Here at Orange Genie Accountancy, your company will be formed on the same working day and once Companies House has confirmed your company is formed, Orange Genie Accountancy will send you the following:
With these documents, you can open your Business Bank Account and commence trading. Orange Genie Accountancy only charge £50+ VAT to form your company, or if you choose our Genie Professional+ service, it would be included in the package.
To form your company or appoint Orange Genie Accountancy as your contractor accountant, please give us a call on 01296 468 185 or email accountancy@orangegenie.com.
You may also find the following pages helpful:
Why Orange Genie Accountancy?Orange Genie Accountancy offers fixed fee accountancy packages to contractors and freelancers. Each client has unlimited access to their own dedicated approachable and friendly accountant. All Orange Genie Accountancy accountants are specialists in the contracting market, so they can give you bespoke, high quality advice. We will always keep you informed about anything that could affect you and your company. Our relationships with our clients are extremely important to us so we'll be in touch often, whether it be face to face, over the telephone or email. Our packages start at £75 + VAT a month for an online service. Our most popular package is £120 + VAT a month which provides you with your very own dedicated accountant as well as:
And much more, includingaccess to wealth management advice, IR35 reviews and pensions planning. If you would like to appoint Orange Genie Accountancy as your accountants please either fill out our enquiry form or give one of our friendly expert accountants a call on 01296 468 185 or email accountancy@orangegenie.com. |
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