If you’re making the move from permanent to contracting, you will be introduced to a whole array of options on how to operate your business. Whether you’re deciding to work through a limited company or an umbrella company, there are many advantages to be gained which means you have a chance to keep more of your money in your pocket.
BENEFITS OF CONTRACTING With high quality skill-sets and the ability to be flexible, you get to
1.Be an attractive option to those seeking your services.
2.Earn a better ‘like-for-like’ rate than what you would if you’re a permanent employee.
3.Be in control of your income, as you will be paid for number of hours you work.
In terms of taxation, forming a limited company will provide you with more options like
1.Reducing your tax liability.
2.Reducing your national insurance contributions.
3.Opportunity to take advantage of the flat rate VAT scheme.
In most cases, financial benefits are often the most appealing factors that come with making the move from permanent work to contracting work. But there are also other enticements like:
1.Opportunity to be flexible by choosing where and when you wish to work.
2.Taking as much holiday as you would like to at a time that suits you.
Finally, you need not give up the opportunity for career advancement and progression when becoming a contractor. On the contrary, you can develop and improve your skills, ultimately making you a more attractive proposition to those requiring your kind of services.
As a specialist in IT sector, GLP Accountancy can help making your move an efficient one with professional advice and guidance on laws that may or may not affect you. In addition, you will also get to have the benefits an Accounting Package or services of your choice.
1.Private and confidential tax advice
2.Face to Face meetings in 71 locations
3.Virtual Finance Director
4.We are open on Saturday
5.Free and Competitive quotes
Tax and Accounting are time consuming and there are so many rules and regulations. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well.
GLP Accountancy with its knowledge and expertise in all areas of Accounting & Tax is more than happy to take on the bean counting and number crunching for you, leaving you to concentrate on running and developing your business, saving you time and money. . Working with GLP Accountancy, you can expect prompt, friendly & professional quality services, customised to your requirements and all of it at extremely competitive rates
• Tax and tax planning including VAT, Corporation Tax, Self-Assessment and other tax issues
• Preparation of financial statements in UK GAAP and IFRS if required
• Pay-roll Solutions of FPS, EPS, pay-roll end, P11D etc
• Companies house compliance of submission of annual returns and annual accounts.
• Regulation and Compliance
• Tax and Business Advice and Accounts Support
,Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.
We offer a cost-effective service delivered in a manner that makes sense to our clients and provides added value to them. We deliver our clients a carefully chosen combination of unique benefits and because of our operating structure we can reduce our costs and pass the savings on to you.
We Don't do different things, We do things differently!!