Limited Company vs Umbrella Company Take Home Pay

The ability to command higher rates of pay is one of the main reasons why so many business professionals leave full time employment in favour of contracting; but how much can you actually expect to earn as a contractor?

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IR35: Understanding What IR35 Means for You

Setting up a Business Bank Account

If you want to operate as a limited company then you will need to have a separate business bank account. This is because company money needs to be distinguishable from the personal finances of the directors and shareholders, as a limited company is considered a completely separate entity.

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Moving from permanent to contracting

Higher rates of pay, flexible working hours and the ability to choose which projects you work on. There are many reasons why you may be considering making the move from permanent employment to contracting.

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