First time contracting

If you’re thinking of moving from permanent employment and into freelance contracting, then there are certain key areas that would need to be addressed to ensure that you decide on the correct structure and vehicle to operate through. 

We at Lowson Ward have been providing specialist tax and accountancy services to freelancers within the contracting market for over 20 years and have clients throughout the UK.  We pride ourselves on offering high-quality proactive advice at affordable prices. 

Our fees are some of the lowest in the contracting market ensuring that you can access premium advice at competitive rates.

We can help you to decide the first key issue of whether it would be more effective to operate through your own personal service company (PSC) or via an Umbrella company provider.  Please read our brief summary here.

We can also help you with the intermediaries’ legislation (a.k.a. IR35), its possible impact on your contracts and how to minimise your tax exposure. 

Contracting through your own Limited Company

It is often considered that contracting through your own PSC is a daunting task. In fact, nothing could be further from the truth.  Our dedicated staff are always available to help support and guide you to ensure that you’re maximizing your earnings while minimizing your tax and administration.

Our ‘All Inclusive’ bookkeeping service is tailored individually to our client’s requirements to ensure that we undertake most of the administration of the company freeing you to earn the income. 

Benefits of Contracting through your own limited company:

  • The most tax efficient way of working
  • Claim a wide range of expenses
  • Access to the Flat Rate VAT scheme
  • Even if inside IR35 it may still be worth it 
  • You keep complete control of your financial affairs

We at Lowson Ward offer free no obligation meetings and unlimited access to your own dedicated accountant who is supported by staff who are experts in their individual fields of Payroll, Self Assessment, VAT, IR35, Capital Gain Tax, Property transaction and many other areas of expertise. 

Running your own business isn't difficult so let us guide you through the process. If you have any questions about contracting or would like any further advice please either contact philip.ward@lowsonward.com or telephone us on 0121 778 6278.