Limited Company Solutions

Experience a new era of streamlined earnings with our specialist chartered accountancy services.

Industry Leading Accountancy Solutions

Futurelink Accountancy Services operates as the accounting division of the Futurelink Group, officially becoming a chartered accountancy practice in January 2017. While offering conventional accountancy services such as company formation and tax returns, the department has also developed its proprietary application. The division has attained the status of Quickbooks and FreeAgent Premium Partner, gained recognition as a Xero Silver Champion, and secured the role of a 2020 Group Virtual Marketing partner, as featured in the 2020 Accountex marketing literature.

Bottom line, Futurelink Accountancy has embraced all that is available in the 21st Century to provide the most efficient solutions possible. We are committed to consistently evolving and integrating the latest tools and technologies, ensuring that we deliver exceptional services tailored to meet the dynamic needs of all our clients.

Get in touch with us today to discover which of our payroll solutions is best suited for your needs, and how you can maximise your take-home pay.

The Benefits

Futurelink Accountancy provides the following support and services in Company Formations, Invoice Management, Back Office Support, Payroll, Tax Returns, Bookkeeping and a whole host of other accountancy services.

Those using the Limited Company Services benefit from:

Free Setup

Free setup of your own Limited Company.

Free Agent

Portal to manage invoicing and company accounts.

VAT Returns

We will handle all of your quarterly VAT returns.

Helpful Information

We’ve put together some helpful information regarding Limited companies for you below…

Also known as a Personal Service Company, a limited company provides an individual with a legal company identity to engage in trade with other businesses, aimed at providing a credible service. Individuals contracting through a limited company typically pay themselves a small salary and receive profits in the form of dividends.

A limited company can have one or more people associated with it. However, it is essential for it to have its own company bank account and insurances. These aspects provide clients with assurances that the work provided will be carried out to a high standard and protect them against personal tax liabilities, including National Insurance.

For workers who establish a limited company, it offers improved tax efficiency compared to being employed under the PAYE status.

The IR35 legislation was established in 2000 to combat tax avoidance. Inland Revenue (HMRC) have scrutinised personal service companies in attempt to determine the legitimacy of the company and its director(s), ensuring full compliance with the various IR35 stipulations. The legislation evolved in recent years following its introduction to the public sector in 2017, and then to the private sector in 2020. Individuals typically pay Class 2 and 4 National Insurance (NI) contributions, but could be subjected to Class 1 NI contributions if found to be in breach.

With the additional reforms to IR35 in April 2020, the possibility for a worker to continue to contract through a limited company is determined by the end client and is based on turnover, assets and the amount of staff employed directly.

To find out more about IR35 and how we can help, click here or contact our team at sales@futurelinkgroup.co.uk.

Setting up and registering a limited company can be a very exciting time, especially with expectations of growth and the hiring of staff. As a director of the company, it is expected that you will be employed and take a small salary subject to tax and NI contributions. This means that personal income and business income are separate when it comes to paying tax – personal tax and corporation tax.

To set up a limited company you need to:

  • Have a name and address for the company. 
  • Register the Company with Companies House. 
  • Have at least 1 director. 
  • Have at least 1 shareholder. 
  • Have articles of association (agreed rules about running the company). 
  • Set up company for Corporation Tax. 

There are many benefits of setting up a limited company and becoming your own boss. If you are thinking of taking the leap, here are a few more advantages of forming one and having Futurelink Accountancy manage the process:

  • Quick and easy to set up. 
  • FreeAgent, Xero or Quickbooks solutions to effectively run the business while on the go. 
  • Greater credibility and reputation, giving both suppliers and customers more confidence in using your services. 
  • Competitive tax advantages (corporate tax benefits). 
  • The owner’s liability is limited, protecting the shareholder(s).

Our Testimonials

You can see some of the lovely words from our clients below…

Rob P
Energy Recruitment Agency
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"We are an internationally working recruitment agency working with contractors living and working both in the UK and abroad. We have worked with Futurelink since we were established and they have consistently provided excellent support to our contractors. Payment processing times are faster than other umbrella companies that we work with support is clearly a priority to them. I would have no hesitation in recommending Futurelink to any other potential clients. I’d like to pass on my thanks to Andrew, Craig, Daniela and Wojciech and the rest of the team for all their hard work."
Neal F
Energy Recruitment Agency
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"I find working with Andrew a pleasure. He is a fantastic representative for the Futurelink group, provides an efficient, speedy and quality service. Andrew is always available to assist with any questions or task and would recommend any agency using Andrew and the Futurelink group for umbrella services."
Craig P
Energy Recruitment Agency
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"Referrals aside you guys are head and shoulders above most umbrella companies I have worked with. Excellent customer service and your employees couldn’t be nicer or more accommodating. Liz in particular is always on hand to help."
Frank M
Security Recruitment Agency
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“We at Gemini would like to thank you and your team for all your help and support in connection to payroll solutions. We find Futurelink Groups approach to be responsive to action when required with a courteous and bright manner – keep up the good work!”
Chris S
Project Manager
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"Just a quick message to thank yourselves for the service I am getting from you! Every email or problem is replied to and resolved almost immediately, couldn't ask for a better company to be doing my payroll. I have used a few over the years and this is second to none.Would like to thank Daniela and the 2 Gemmas for their help. Would recommend Futurelink to anyone - Keep up the good work!"
Martin S
Offshore Surveillance Engineer
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"Superb service! Prompt, reliable, quick responses to enquires. Would 100% recommend. Many thanks to the entire team."
Emanuele
Contract Worker
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"I’d like to thank you Liz for your kind availability and professionalism. A breath of fresh air!"
Victoria K
Specialist Construction Company
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"All is great our end, and always runs nice and smoothly, which is great."
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How Do You Get Started?

Futurelink Accountancy, which is an award-winning chartered accountancy service, can provide accountancy services for those who need to be paid through a limited company. 

All you have to do is either give us a call on 01923 277900, drop us an email at sales@futurelinkgroup.co.uk or complete the form below and one of our team will get back to you as soon as possible.