Focus Management Consultants Limited

Recruitment Specialists for the food and drink industry

Become a Limited Company

Welcome to the Focus Interim knowledge guide on How to Become a Limited Company.  If you have clicked through to this page then you are either thinking of setting yourself up as a Limited Company and need some advice, or you want to check you are running your business the right way.  We have created this area specifically for interim managers with the help of IN Accountancy who are the experts in this field.  They have compiled a set of guides to help you maximise your earnings, understand VAT, claim expenses and very importantly understand IR35 along with a number of interesting subjects. CLICK THE IMAGE OR TITLE OF EACH DOCUMENT TO OPEN THE PDF.

 

business contract

Employee to Contractor - a helping hand and 17% more net income!

Deciding to venture into the world of self employment for the first time, our client approached us to explore the best way to set himself up in business. With no knowledge of tax laws or the implications of these on his income potential, he wanted an accounting partner to guide him through his options and advise him on the best possible solution for his needs

 

Start

Exceeding expectations 100%

New to the world of self employment, our contractor client came to us with what he thought were realistic ambitions as to his desired level of net take home pay. Proactive remuneration structuring and clever tax planning advice delivered an income level way beyond what he thought possible

 

Exceptional Service

Exceptional service and communication delivers peace of mind

Our client came to us feeling that he wasn’t being properly advised or looked after by his existing accountant. Regular proactive communication alongside clear and quick responses to his questions and concerns have taken the headache out of running his contracting business

 

An Additional £10,048 in take home pay for our contracting client

Our client had been trading in his own limited company for 3 months before contacting us. As a new contractor and with no knowledge of tax laws or the implications thereof, he wanted a proactive accounting partner who would be able to advise him how to extract the most income possible from his business.

 

What would you do with an extra 14 hours per month?

What would you do with an extra 14 hours per month?

Spend it with your family and friends? Travel? Cycle? Play golf? Take up a new hobby? Our contractor client was feeling frazzled and stressed when she came to us for advice. Not only did we help reduce her tax bill and increase her take home pay, we also gave her some much needed time back!

 

Guide to IR35

Guide to IR35

What exactly is IR35? In April 2000 the Government brought in legislation aimed at countering what HMRC class as a disguised employment. This is referred to as IR35. The intention really is to stop people leaving full time employment then returning to the same job immediately as a contractor, in order to take advantage of tax savings and reduced NI payments by setting up their own Limited Company.

 

Guide to Legal Entities

Guide to Legal Entities

If you’re just starting out in business for the first time it can seem like a minefield trying to figure out the best way in which to set your business up. We hope that this guide to choosing the best legal entity for your company will give you everything you need to know to make this decision easier.

 

Maximising your take home pay

Maximising your take home pay

Limited Company or Umbrella Company – which gives me more take home pay? We answer this question so frequently we thought it was about time we outlined the differences for you.

 

Remuneration Planning

Remuneration Planning

Why is Remuneration Planning so important? As a director and shareholder in your own limited company there are a variety if ways in which you could choose to structure the way you extract income from your business, some more tax efficent than others.

 

business meeting

Employee to Contractor - a helping hand and 17% more net income!

Deciding to venture into the world of self employment for the first time, our client approached us to explore the best way to set himself up in business. With no knowledge of tax laws or the implications of these on his income potential, he wanted an accounting partner to guide him through his options and advise him on the best possible solution for his needs.

 

An Additional £10,048 in take home pay for our contracting client

Our client had been trading in his own limited company for 3 months before contacting us. As a new contractor and with no knowledge of tax laws or the implications thereof, he wanted a proactive accounting partner who would be able to advise him how to extract the most income possible from his business.

 

tax return

Guide to Self Assessment Tax Returns

How do I know if I need to register for self-assessment? Many people make the mistake of thinking that only self employed people need to register for self-assessment.