Entering the contractor market has many benefits but also brings with it a number of challenges and obstacles. The first hurdle is to choose the right trading vehicle for you ; be it Limited Company, Sole Trader, Partnership or PAYE Umbrella.
The table below illustrates the difference in earnings retention for a single contractor with a day rate of £300, expenses of £500 per month, and a directors salary of £1,200 per month.
|Take home pay
Our Accountants have all the experience to guide you through your options, with an objective appraisal of the best fit for your requirements, advice on IR35 issues and maximising take-home pay. We then tailor our services to your decision, assign you a qualified personal accountant and agree a fixed monthly fee with you