The decision to become a contractor or freelance consultant is not an easy one to make.
The loss of job and financial security coupled with the burdens of ‘going it alone’ can be intimidating. To help take some of the pain away, Career Management Ltd prrovides accountancy and administration services to contractors and consultants. We know that whilst contractors are highly skilled and command premium salaries, they do not want to specialise in administration or accountancy.
Many contractors choose to set up their own limited companies. The contractor is a director and employee of the company. They are usually set up for the professional status they give you - a lot companies prefer to deal with other limited companies rather than sole traders. A limited company gives you total control over the funds that go through it, and as such, control on how much remuneration is taken as salary, dividends or legitimate expenses - minimising the amount of tax paid.
IR35 took away most of these the tax advantages.
Career Management Limited offers an umbrella company for contractors and freelancers,combining the simplicity of being a salaried employee with the advantages of your own limited company. Career Management Limited is an Inland Revenue approved employment management company with a generous approved expense policy, and a comprehensive payroll ensuring that you remain compliant with Inland Revenue regulations.
You spend your time how you want, not filling in forms for the Inland Revenue and Companies House, save money on accountants and pay less tax.
Click to download our brochure, Services to Contractors