Michael Rose View Comments 
Print This Post
If you are a freelance sole-trader or a contractor working under an Umbrella company you may not be aware that going limited could save you money.
If you’d like to test the different legal structures through which you can earn more money for your time and how you can get tax savings by going Limited our partners Crunch can give you a free accountancy health-check.
If you call Crunch today you will get to chat to experts who can look at your current setup and earning and help you compare the different methods so you can see which option is best for you.
The call will only takes 5 minutes of your time, all they need is your estimated annual earnings (turnover) and an idea of your expenses (they can help you with that too).
In return you’ll receive an email from Crunch with a clear, plain-English breakdown of which option is best for you.
| Share and Enjoy: |
|
Jan 3, 2010
at 11:18 am
I started freelance life as a Limited Company and the accountancy fees were astronomical, forcing me to go the other way!
Not only do you have to submit returns for your company but you also have to continue to submit personal returns. My accountancy costs were close to £3k a year.
So make sure the savings from tax-deductible expenses will off-set this.
Jan 4, 2010
at 9:24 am
WOAH! £3k in fees!
What were they doing polishing every pound coin for you? I've seen some high charges but £3k sounds very steep.
A system like Crunch will cost around £715 a year and the personal tax option is only another £125 or so depending on the complexity of your accounts.