Sole Trader or Ltd Company

The 123 Way Additions

The 123 Way

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

If you've been freelancing for a while, you might have been doing so as a Sole Trader. This is perfectly fine, however, you could be missing out on significant tax saving of freelancing through your own Ltd Company.

Every freelancer and every business is different, so contact us on
0845 834 0269 or email us at info@123contracting.co.uk to discuss your individual circumstances and needs.

To explain this point a little further please read our Case Study: Going Ltd.

Finally - The non financial benefit of going Ltd,

Limited liability - meaning if anything was to go wrong with your work, and you were being sued, your personal savings and assets such as your home, would not be at risk (there are a few exceptions).

As a sole trader everything is at risk.

Contractors

- IT Contractors/Consultants

- Engineering Contractors

- Project Managers

- Security Contractors

- Interim Managers

- Banking Consultants

- Media/Creative Contractors

- Health & Safety Consultants

- Financial Consultants

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator

Freelancers

- Sole Trader or Ltd Company

- Case Study: Going Ltd

Joining The 123 Way

Switching to The 123 Way