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Limited company for contractors

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Limited company for contractors

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  1. Limited company for contractors 141 Morden Road, Mitcham, CR4 4DG info@bnwaccountants.co.uk 0208 648 0800 bnwaccountants.co.uk

  2. Introduction Limited company contractors take a small salary and withdraw the remainder of their salary in the form of bonus. Limited company for contractors have subcontractors whose performance also matter in company file.

  3. Benefits of limited company Sole traders and partners pay income tax and companies pay corporation tax. While corporation tax rates are lower than income tax rates the advantage may lie with company incorporation.

  4. How limited company work A limited company is separate entity from its owners. It simply works from bank account to ownership of assets. As we know limited Company formation is the popular type of incorporated business structure.

  5. How do set up a limited company as a contractor? – Build your limited company – Open a business bank account – Your VAT registration – Register for PAYE (pay as you earn) – Organise Professional Indemnity Insurance.

  6. Follow us on FacebookTwitterLinkedinInstagram Call us 0208 648 0800

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