Setting up as a Contractor

Once you have decided that Contracting is right for you, there are a number of steps to go through.

• Decide whether you want to operate through a limited company or trade through an umbrella company.
• Discover more about the pros and cons of each here.
• Assuming you choose the limited company route, you will need to select a name for, and form, the Limited Company. Monahans can carry out all of the administratative tasks associated with this and your new company will be formed in a matter of hours. We will also advise you on the best share structure possible for your new company.
• You will then receive all your Limited Company documentation and we will help you to organise a business bank account and register the company for VAT, PAYE and corporation tax.
• You will also need to consider whether your registered office will be at your home,  at a formal business address, or indeed at our offices.

Monahans have a dedicated team of specialists looking after the affairs of Contractors and can advise on all aspects of becoming a Contractor. Or if you are already a Contractor and need an Accountant to help you manage your affairs as efficiently and profitably as possible, we have the knowledge and expertise to do just that.

Contact our Contractor Team via this link if you would like a friendly chat about how we could help you.

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