Have you considered becoming a Limited Company?

If you are a self-employed construction worker registered under the Government’s Construction Industry Scheme, it may be financially & commercially beneficial for you to become a Limited Company. 

 

Going limited gives you freedom, flexibility and control over your finances and helps you to maximise your take home pay.

Financial savings for going Limited

 

The table below compares a typical annual tax rebate, showing clearly the possible financial benefits of changing to a limited company. 

  Annual gross salary
  £25,000 £35,000 £45,000
Sole Trader £1,680 £1,360 £1,040
Limited  £2,280 £2,385 £2,585
Saving £600 £1,025 £1,545

Costs include accounting fees with VW Taxation.

The figures above have been used purely for representational purposes. Please contact VW Taxation for a no obligation comparison based on your personal circumstances.

Benefits of going Limited

 

Whilst increasing your earnings is one of the key benefits of becoming a CIS Registered Limited Company, there are a number of others, including:

 

  • More control over your finances
  • Increased tax efficiency including tax savings on expenses
  • Minimising personal liability so if the company runs into financial difficulty, protecting your personal assets
  • Tax relief on pension contributions
  • Improved credibility and legitimacy, which may be more appealing to contractors and employers

Next steps

 

If you are interested, VW Taxation is expertly positioned in managing the transition to becoming Limited, and it can take as little as 3 weeks to do so.

 

As a value added service, we can also assist in the on-going management of:

  • Bookkeeping & invoicing
  • Payroll
  • Filing of accounts

 

Speak to us if you have any questions or visit our FAQs.

 

Contact us today for a FREE, no obligation consultation or complete the form below and we will call you.

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Where to find us:

VW Taxation Ltd

82A High Street

Cosham

Portsmouth

PO6 3AJ


Phone: 02392324587

 

Email: enquiries@vwtaxation.com

 

 

Or use our contact form.

Business hours

09:00 to 17:00 Monday to Friday

 

Weekend appointments by arrangement

 


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