70906vices to Contractors
Typically, contractors working through their own limited company take home between 75% and 80% of their contract value.
Worried you might be caught by IR35? The only way to be sure whether your contract falls inside or outside IR35 is to have it reviewed by a specialist.
Even if your contract is inside IR35 you can still claim travelling and accommodation expenses, 5% of your turnover, get the benefit of using the VAT flat rate scheme (saving around £2000 a year), and get the interest on the funds held within your own Company, so yes, from a financial point of view it could still definitely be worth it.
TaxSavers is one of the UK’s largest specialist provider of Accountancy Services to Contractors, Freelancers and SME’s. We are experienced professionals.
The fee for our services is £140 plus VAT per month, there is no minimum length of time you need to appoint us and there are no entry or exit fees. This service includes us preparing your limited company accounts and tax return and filing them with Inland Revenue and Companies House, dealing with your annual compliance statement, running your payroll and dealing with your VAT returns.
Call Wen Bi on 0117 9070906 or e-mail her at email@example.com for more information.