Limited Company Solutions

Specialist chartered accountancy services…

Industry Leading Accountancy Solutions

Futurelink Accountancy Services is the accounting arm of the Futurelink Group which became a Chartered Accountancy practice in January 2017. While the division provides typical accountancy services like company formation and tax returns, it has developed its own application, become a Quickbooks and FreeAgent Premium Partner, a Xero Silver Champion and a 2020 Group Virtual Marketing partner as featured in 2020’s Accountex marketing literature.

Bottom line, Futurelink Accountancy has embraced all that is available in the 21st Century to provide the most efficient solutions possible.

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 accountancy services.

Those using the limited company services benefit from:

Free Setup

Free setup of your own Limited Company.

FreeAgent

Portal to manage invoicing & 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/s with a legal company identity to trade with other businesses for purposes of providing a credible service. An individual contracting through a limited company will 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 should have its own company bank account and insurances to provide its client with assurances that works provided will be carried out a high standard, and protect their client against personal tax liabilities including National Insurance. For the worker who sets up a limited company, it allows for improved tax efficiency compared to employed PAYE status.

The IR35 legislation was introduced in 2000, in a bid to counteract tax avoidance. Inland revenue (HMRC) have scrutinised personal service companies, determining if the company and its director is working legitimately, and can comply fully with the various IR35 stipulations. IR35 has evolved in recent years from the introduction to the public sector in 2017 and anticipates that the private sector will follow suit in 2020. Individuals typically pay Class 2 and 4 National Insurance, but could be subject to Class 1 NI contributions if found to be in breach.

When further reforms are made to IR35 in April 2020, It will be possible for a worker to continue contracting through a limited company. This will be determined by the end-client, and expected to based on turnover, assets and the amount of staff they employ directly.

To find out more about IR35 & how we can help click here.

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 expected that you will be employed and take a small salary subject to tax and National Insurance. This means that personal income and business income are separate when it comes to paying tax. These are 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 making 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 & reputation – It gives both suppliers and customers more confidence in using your services

• Competitive Tax advantages (corporate tax benefits)

• The owner’s liability is limited – protects the shareholder/s

Our Testimonials

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

Rob Pattenden
Tech Professionals
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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 Fowler
Latcom PLC
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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 Pinnons
Nexus Resource Solutions Ltd
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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 Mcfarlane
Gemini Security Services Ltd
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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 Swales
Contract Welder
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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 Sheridan
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 Kinehan
L Harvey & Son Ltd
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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 via 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.