Limited Company, maximum benefits
There are many different ways to create a Limited Company and knowing where to start can often feel overwhelming. With JSA by your side, setting up and running your own limited company is both simple and cost effective.
As a specialist firm of Chartered Accountants, with over nineteen years experience, there is no organisation better placed to offer compliant and tax efficient solutions to contractors.
Our customised Accountancy Service has been developed to suit the needs of a one-person limited company professional. Designed to minimise the amount of time you will need to spend on paperwork this flexible service includes, unlimited tax advise, online invoicing, monthly financial statements, payroll, company law, accounting and tax.
JSA Accountancy Service also includes Professional Indemnity Insurance, Public and Employers Liability insurance and Professional Expense insurance. Our dedicated team will administer your statutory taxation requirements to ensure that you remain HMRC compliant at all times.
Our comprehensive Accountancy Service package includes:
- A fast and efficient set up
- Professional Indemnity Insurance
- Public and Employers Liability insurance
- Professional Expense insurance
- “JSA Online” to record your day-to-day financial transactions
- Online invoicing system
- A monthly financial statement to help you manage your money
- A quarterly management review of your company’s financial position
- Payroll, company law, accounting and tax compliance
- Client care provided by a dedicated team of experienced professionals
- Access to our extensive website – so that you have an encyclopedia of knowledge and experience available at your fingertips, 24/7
- Regular newsletters and email updates on important contracting matters
- Our fees will be agreed with you annually at the beginning of the year and will be collected by monthly installments.
- Setting up a Limited Company
Our specialist team is online to Companies House and can help you set up a limited company with a name of your choice in a matter of hours. We can help you set up a business bank account, calculate your monthly salary, register your company for VAT (if required) and legitimately promote the financial health of your growing business and ensure that you remain tax complaint.
To avoid uncertainty, our fees will be agreed with you annually and will be collected by monthly instalments. And, as you would expect your fees include all that is necessary to ensure that you remain fully tax compliant and within the law.
Setting up and running a Limited Company with JSA really is this simple.
How to operate a Limited Company
When you set up a limited company, you will become an employee of that company as well as a shareholder and director, although there are circumstances where you may choose for someone else to assume these roles.
Your personal finances will be separate from your company’s finances. Effectively your company will be receiving all the payments that you make on its behalf so you will need to set up a business bank account. Your gross income will be paid directly into the company’s business bank account and not into your own personal bank account.
Depending on the terms of your contract/s you will receive payment for the work you have done, by one, all, or a combination of the following:
- Salary – you will be paid a basic salary after Tax and NI have been deducted
- Expenses – You can claim your allowable business expenses
- Dividends – paid to the company’s shareholder
Limited Companies pay corporation tax and employees pay income tax and national insurance contributions.
Talk to one of our tax experts
Our plain talking friendly advisors will take you through the process of setting up your own Limited Company and support you every step of the way.
Register your interest online now.
Email our advisors at newenquiries@jsagroup.co.uk.
Or call free phone 0800 25 26 40.
Find more information online
For an in depth look at all your trading options please view our First Time Contractor section or download JSA’s First Timer Contractor Guide now.
Limited Company Option – Running a Limited Company all you need to know
You may also find the following pages, guides and testimonials useful
Accountancy Services – exploring the Limited Company route
Umbrella Company vs. Limited Company - which is best for me?
Our Services – how JSA can help you
A guide to IR35 – what it means and how it affects you
Case studies – find out what our current clients have to say about JSA
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