An umbrella company and a limited company each represent two of the most common business structures that contractors use. But, which one is the best option for you?
Congratulations! You've done the hard bit. We now need to consider IR35. Click here for our guide, together with details of how to get your contract expertly reviewed.
To put it simply... If you are working through a limited company, you will pay yourself a monthly salary (many take a small salary). Those caught by IR35 will pay themselves a 'deemed salary'.
If you have decided to trade through your own Limited Company then you really ought to have an accountant to help you with the various forms, obligations, taxes etc.