Choosing an umbrella company through which to payroll your contract income is as important as finding yourself a contract.
The process is easy and immediate and our payments to you will match your agencies pay cycle.
Limited Company Option
Running your own Limited Company in the UK is not difficult as is often made out.
Paramount Solutions offer an easy and affordable formation service. Our hands on approach means that we develop a tailor made solution for you, based on your historical earnings in turn ensuring we maximise the revenue for your new company.
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Getting Started
Once you have decided to open your own Limited Company, it is imperative that you find an accountant such as Paramount Solutions, that specialises in the contracting industry. The first step is to help you understand the mechanics of your company. By doing this many of your questions will be answered before they arise.
At Paramount we make it our business to...
- Keep up with legislative and financial developments in the contractor accounting world.
- Regularly look to improve the tax efficiency of your company.
- Develop relationships based on trust, great service and solid advice, as opposed to simply being your accountant.
- Give a single point of contact, which means that, irrespective of your enquiry you will only ever deal with one member of our team.
As a result we make sure that you and your appointed Paramount Solutions accountant will develop a long term business relationship based on trust, great service and solid advice.
Paramount Solutions Limited Company Service package is charged at a flat monthly fee and includes the following:
- The setting up of a bespoke Limited Company.
- Assist in the process of setting up a business bank account.
- Processing of all company registrations including those with Companies House, Inland Revenue and HM Customs and Excise.
- A face-to-face meeting where we explain the setting up of the business and go through the running of the company in detail discussing matters such as salary, the claiming of expenses, VAT and taxes.
- Every matter relating to your company and personal tax will covered by the monthly fee. There are no hidden costs.
- The completion of your self-assessment.
- All bookkeeping and completion and submission of company financial statements and tax returns.
- Processing of all annual documentation including Annual Returns, P60’s, P14’s and P11d’s
- Contract reviews and advice with regards to legislative matters such as IR35.
- A unique IR35 negotiation service where we correspond and argue your case with Inland Revenue should you believe your contract genuinely falls outside of the IR35 rules.
If you would like to set up a Limited Company or discuss the service we offer then please contact us on 01274 567 744.
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