If you are just starting out in contracting and you are not sure how long you want to contract for, becoming an employee of an umbrella company is a better option – you won’t have to worry about admin or compliance as our expert team will take care of everything for you.
However, there are times when it is better to operate through a limited company instead of an umbrella company. If you are earning above a certain amount, contracting for 6-12 months or more and prepared to manage your own company (with guidance from a contractor accountant) then going limited might be a better option for you.
Our sister company, K&B Accountancy Group can help you make a smooth transition from umbrella to a limited company.
K&B Accountancy Group are specialist contractor accountants based in Canary Wharf, London. If you’re looking to set up your own limited company or require one-off accountancy services, we are on hand to provide impartial, professional and bespoke advice.
With over 15 years’ experience within the contracting industry and accredited by Professional Passport, K&B Accountancy Group provides everything a contractor needs to get started – our services start from £59+VAT per month.