Limited Companies
There are many benefits to operating a Limited company through Clipper, and once you buy a company it is yours for life. You can choose its name, add directors and shareholders if you wish or just keep it for yourself. You will be able to offset a wider range of expenses against tax than being paid via the Umbrella option. You will be able to save both tax and in particular NI by paying yourself dividends instead of salary. There is no NI on dividends for either you or your company. This alone makes the Limited Company option far more tax efficient than either self-employment or the Umbrella scheme.
A self-employed contractor is personally liable for all his debts and to the full extent of his assets. In short he can lose everything he owns. This is not the case with a limited company. Any debts a company may have belong to the company and you have no personal responsibility to pay a company debt. A limited company therefore acts as a protective shield for you and your family preventing any creditor from taking action against you.
We ensure your Limited company is properly administered and Clipper has the required knowledge of company law and company tax matters. Clipper is here to take away that burden and for a small monthly fee will provide the following services:
- We will form a company for you at a cost of £75.00 plus VAT.
- We register your company for the PAYE scheme.
- Operate your monthly payroll and email your pay slip.
- Deal with all company bookkeeping.
- Produce the company's financial accounts and file with HMRC.
- Produce a company tax return and file with HMRC.
- Produce your personal tax return and file with HMRC.
- Complete your company annual return.
- Be available to advise on any business or tax matter.
- Keep you abreast of changes in legislation that may affect your business.
- If appropriate, register you for VAT and prepare VAT returns. Additional fees apply.
In short we take away the entire burden of running a limited company leaving you to do what you do best which is earning the money.
You can expect all this for the following unbelievable price.
| Product | Initial one-off Setup costs | Monthly processing Charge + VAT | End of year account Charge | Monthly Insurance (Personal Accident and P/L) |
|---|---|---|---|---|
| Limited Company Service | £75.00 plus VAT | £125.00 | Free! | £10.00 |
We will send an SMS message to let you know that your money has been paid into your bank account and how much. We also email a statement of payment on a weekly basis; these are also available via post on request.
At Clipper, we want to make sure you are getting the best possible return from your pay. If you have any questions or are having problems returning any of the forms to us, please feel free to contact any of the team.
