Limited Companies
A Limited Company is set up through Companies House by individuals who then become Directors and Employees of that Company. They are usually set up for the professional status they give you, as a lot companies will prefer to deal with other limited Companies rather than Sole Traders. A Limited Company gives you total control over the funds that go through it, and as such, control on how much remuneration is taken as salary, dividends or legitimate expenses.
Many contracting individuals used to set up Limited Companies, through which they would run they contracts, for the very reason that they could control how much income they took, and hence control the amount of Income Tax and National Insurance incurred through that income. However, the implementation of IR35 took away the tax advantages of working through a Limited company, as it prevented individuals using dividends for most of their remuneration.
Alternet Ltd is an Inland Revenue approved employment management company that offers many of the benefits of Limited Company flexibility, with a generous approved Expense Policy, and a comprehensive payroll keeping you compliant with the Inland Revenue. You will no longer have any of the administration worries of running a Limited Company, and will therefore save on Accountancy Fees. Add to that the financial packages that are available to you, and one of the lowest fees for employee management on the market, Alternet Ltd will make contracting easy, flexible, efficient and IR35 compliant.