If you are looking to set up a company for the first time there are a few things to familiarise yourself with first:
Choosing your limited company name
When choosing your company name, you need to consider case sensitive words or phrases. To be sure your name is available visit the companies house name checker page.
Have you considered IR35 and are you comfortable with what it is and how it relates to your personal situation. If you would like to read more about IR35 we have lots of information available here.
Limited company and personal taxes
Before forming the company, familiarise yourself with the different taxes that you will come across whilst running a limited company. You can do this by either reading our pages in the Taxes – the basics section or if you would prefer guidance form an accountant, please get in touch with us to arrange a phone conversation or face to face meeting.
You will need an UK address in order to set up a limited company. Integro Accounting can provide you with registered office address facilities for £100 + VAT per year, but you will still need to have an address for the director’s home address (this does not have to appear on the company register at Companies House).
Without proof of an UK home address you will not be able to run an UK limited company and therefore you will not be able to open an UK company bank account.
To employ yourself through your limited company you will need a National Insurance number. If you do not have one you will need to contact Jobcentre Plus https://www.gov.uk/apply-national-insurance-number
Why choose Integro Accounting?
Integro Accounting provide a fixed fee limited company accountancy service to contractors, freelancers and consultants. Integro accounting was founded on the word integrity. Clients rate us 5/5 on Google and we pride ourselves on building a completely transparent and personal relationship with our clients. For just £100 + VAT per month, you can have a partner integral to your contracting career.
- All-inclusive price – no hidden charges, one comprehensive package.
- A dedicated accountant – one person who will support you every step of the way.
- Unlimited face to face meetings – offices available across the UK.
- FREE award-winning accountancy software – a FreeAgent license provided to all clients.
- 24/7 access to your accounts – complete visibility of your accounts whenever and wherever you are.
Speak to one of our expert accountants today on 0207 0962659 or email email@example.com for more information on how we can help you.