First Name:

Surname:

Telephone:

EMail:

To attach your cv, click the "Browse..." button and locate file

 Netsource Launches New Website, February 2010


Netsource attends International Gaming Expo 2010 at Earls Court

 
 
 
3. What is a limited company?
Firstly, to form a limited company, you will need a UK registered address.  Setting up and running a limited company, where you become a director and shareholder, is the most tax efficient way of working and has a number of advantages.

For example, you can claim back a wider range of expenses, including accountancy fees, equipment and software costs.  Also, you will have complete control over your financial affairs.

Running your own company is not very difficult and, with the assistance of a good accountant, is no more challenging than any other form of trading.  Under the limited company business structure, your company and personal finances are kept separate.  Limited companies are subjected to corporation tax on their profits and if your limited company is going to turnover £68,000 or more per year then you must register for VAT.  As a director of your own limited company you will have certain legal, financial and administrative responsibilities.


 
There are many contractors who prefer not to get involved with any of the inevitable paperwork involved in setting up and running your own limited company.  They prefer to leave that to someone else, concentrate on their contracting role and simply produce a weekly or monthly timesheet in order to get paid.  If you think this is you, then maybe the limited company route of contracting is not for you. Should you only intend to contract for short periods of time between longer terms of permanent employment then you should probably consider using an umbrella company?