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The main alternative to the Umbrella trading option is to the set up your own limited company.

A limited company offers great tax efficiency but has a larger administrative burden than working via SmartWork.  Although it can sound a little daunting at first, running a limited company is not that difficult.

Our sister company, MyAccountant, has over 20 years’ experience in helping contractors make the most of their limited companies (Personal Service Companies or PSCs) with a focus on delivering a personal service, whether you are just starting or transitioning from being an umbrella employee.

MyAccountant’s accountancy packages offer complete accounting services handled by their team of ACCA-qualified personal Accountants and backed by an FCSA accreditation. Services are covered by a fixed monthly or annual fee, with no hidden extras.

Services providedMyEssentialMyExtraMyBespoke
Limited Company IncorporationFREE*FREE*FREE*
Business bank set-up assistance
Telephone and email access to your fully qualified ACA/ACCA Personal Accountant
Full Year – End (HMRC) and Abbreviated (Companies House) Accounts, including Bookkeeping
Full Company Secretarial (compliance with HMRC Companies House)
Monthly Payroll Submissions and Year End Returns (RTI)
Personal Tax Advice
Corporation Tax Computations and Returns
All correspondence with HMRC and Companies House
Access to cloud accounting software (FreeAgent)
Registered Office Address
Optional
Administration and submission of Payroll (up to 5 instances per month)
Optional
Quarterly Management Accounts
Optional
Invoicing
Optional
VAT Advice, Registration and Quarterly VAT Returns
Optional
Backdated work required
Optional
Advanced Personal Tax Guidance
Optional
PRICE:£105.00 +VAT£140.00 +VATIndividual pricing upon application

For more information visit: MyAccountant.co.uk

Within the above packages at no extra cost to you MyAccountant will also provide:

  • Changes to accounts
  • VAT discrepancies
  • More than one individual dealing with payroll
  • Changes to shares/shareholder details
  • Corrections to information that has been supplied
  • Business set-up assistance
  • IR35 advice
  • 10% discount on QDOS Contractor’s IR35 services

If you are considering a limited company or would like some more information, please contact your Business Manager or check out our handy comparison tool.

“I’ve never had a problem with SmartWork or the team (only positives), they have worked flat out to iron out issues with my assignment (absolutely nothing to do with them) but they were the vital support I needed. No hesitation in recommending them at all”

Software Project Manager

Speak to our team on
0800 434 6446

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