Setting up a limited company
In pursuing this popular option, the contractor becomes an employee and shareholder of the limited company and enters into a contract with a recruitment agency to provide services to a third party.
With Mac Accountancy Services setting up your limited company couldn’t be less hassle. You can get the ball rolling with a simple phone call. You can choose your own (bespoke) company name typically this takes two to three weeks. We’ll also help you set up your company bank account.
The nitty-gritty of forming your limited company takes just one meeting. We’ll have all the relevant paperwork ready for you to complete and sign. We’ll register your company with the appropriate authorities. We’ll explain the statutory ins and outs of the Company Director role, and the Company Secretary role. We’ll discuss the most appropriate year-end date for your company and the most tax-efficient shareholding structure to suit your circumstances.
Alternatively you can choose our managed services company option, where you become a shareholder and director of a company administered by Mac. There are no start-up and wind-up costs and we help you to offset legitimate business expenses against personal tax. The benefit to you is that you retain more of your hard-earned income. This is an opportunity for you to reduce administration and ensure that your tax position is maximised.