Are you a contractor thinking of Going Ltd? Don’t worry it’s not that scary. We’ll hold your hand if you decide to take the plunge. There are loads of perks as a contractor when you go limited, but in a nutshell the most important point for all contractors is the higher your contract rate, the more tax efficient it becomes compared with using an Umbrella or Agency PAYE. If you’re using an Umbrella at the moment, then you’re likely to be getting about 60%-65% of your contract value paid to you as salary and expenses. If you switch to Pulse Accounting, you could retain anything from 75% upwards of your contract income. It is possible to retain up to 88%. Sound good? We thought so.
At Pulse, we love contractors. Contractors don’t run businesses like everyone else and we know exactly what you want, when you want it and how you want it. This makes us the perfect choice for a busy contractor like you regardless of what sector you’re working in.
What we know about you... To prove it here’s a list of the stuff we know about you. See how well we do.
You don’t necessarily plan to expand or take on any employees
You want to get the maximum amount of remuneration each month whilst not visiting the ‘dark side’.
You want to do everything online, including uploading your bank statements and expenses. You don’t want to mess around with fiddly spreadsheets.
You want to concentrate on your job, not dealing with Companies House admin and returns
You don’t want to spend a day a week on the phone to the HMRC helpline only to find that the nice people at HMRC haven’t added the option you need to choose from the intuitive automated telephone system.
You don’t want to receive and have to deal with any confusing correspondence from the nice people at HMRC You’re the contractor, we’re the contractor accountants. You want someone to do pretty much everything for you, and when you do need to do something you want someone to give you a call and let you know exactly what you need to do and how to do it.
You want to be able to pick up the phone or send an email which is dealt with immediately by your own expert accountant, who knows your name and has a real relationship with you.
You want to pay a single fee per month by direct debit and be reassured there are NO additional or hidden costs.
Spooky? Now before you get nervous, don’t worry, we haven’t just performed a Jedi mind trick, or telepathically reached through cyberspace and read your thoughts. We know all of this because of two very important points.
So if you’re looking for a very clever, innovative accountancy that will make you feel all warm and fuzzy inside, then do not go anywhere else. You’re home.
Firstly lets talk about some of the nitty gritty. What will you need to do? Like we keep saying, we know how busy you are, and we know you’re not an accountant. That’s why we made Pulse Accounting simple, but not simple like Benny from Crossroads, simple like the best, most easy to use invention ever. If you decide to go ltd, you will only need to do about 15 minutes of admin each month. Yep, that’s not a typo. 15 minutes is all it takes. Just enter a few things onto our system each month so we have the info we need and we will do everything else. See? Simple!
Secondly lets talk about your rate. If your rate is above £20 per hour or £160 per day, then using an Umbrella is a waste of your hard earned cash. But don’t believe everything you read on the internet. Give us a call and we’ll run through some illustrations for you. The only real question is: “Can I afford NOT to go ltd?” If you do decide to go ltd we’ll have you up and running really fast. We usually get your company formed and account up and running within as little as 1 day, which is way quicker than the competition. So what’s not to like? You can check out some of the features here, or request a call back for us to give you a call for a chat. We can compare all the options and talk to you about what is the best one for you.