Working as a project management contractor through your own limited company does require a little more work than using an umbrella company; 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 your limited company, but this takes just five minutes.
- 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.
It’s a common misconception that contracting through your own limited company is a daunting task. With the help of a dedicated firm of specialist accountants at SJD Accountancy, choosing to go limited is a simple process. There is also the added benefit of operating in the most tax-efficient way, thus maximising your take-home amount.
Benefits of working as a project management contractor through a limited company:
Find your next contracting role
Our free guide to finding a contract will help you secure your next role.
What’s in the guide?
- Finding the right contract – Agencies or job boards? We’ve got you covered.
- Seven secrets to optimising your income – From experience to presentation skills.
- CV’s, e-CV’s and CV databases – How to make sure your CV is picked up.
- Five tips when writing your CV – why it is important to keep it up-to-date.
Most Popular Pages
If you need any further help or advice, try these popular links.