Working as a Project Management contractor through your own Limited Company

It's often said that contracting through your own limited company is a daunting task, but nothing could be further from the truth. In fact, administering your own limited company, with the support a dedicated firm of accountants like SJD Accountancy, is simple, efficient and inexpensive. It is also the most tax efficient way of working, meaning you will take home more money - as much as £15,000 more on a £350 daily rate when compared with using an umbrella company. Other benefits include:

  • Ability to claim a wide range of expenses - accountancy fees, equipment, software...
  • Access to the Flat Rate VAT scheme.
  • You keep complete control of your financial affairs, which means that you don’t have to risk your money with any third party administrators.

Working as a Project Management contractor through your own limited company does require a little more work than using an umbrella company as there is a certain amount of paperwork involved, but only about 10 to 15 minutes per month. Here is a quick overview of what’s involved:

  • Firstly, you'll need to check name availability and form a company, but this takes just five minutes and can be done here by visiting our company name checker.
  • You’ll then need to open a business bank account, and SJD can also help with this.
  • Once you’re up and running you will need to send in a spreadsheet each month, just as you would if you were using an umbrella company
  • From time to time you will need to send cheque's off to Her Majesty’s Revenue and Customs. When that time comes, we will help you to understand exactly how much you need to send.

The following links will all provide you with further information on becoming a Project Management contractor

If you have any questions about contracting or would like any further advice please contact our New Client Services helpdesk on Freephone 0500 152500 / 01442 275789 or email

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant* face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee of £120 plus VAT per month.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.