Operating as a contractor or freelancer through your own limited company offers an unparalleled level of independence, business autonomy, and financial control. You transition from being an employee to operating as a distinct business entity, building a professional brand and keeping your personal finances completely separate from your business income.
ADVANCE makes running a limited company nice and easy, allowing you to focus on you and your business.
Navigating limited company finances is simpler with the right experts in your corner.
At ADVANCE, we deliver specialist accountancy services designed around the unique needs of directors. Partnering with us gives you access to robust, fully compliant financial infrastructure and seamless service excellence. As a client, you benefit from:
We use FreeAgent, an HMRC-approved system that connects directly to your account to ensure tax submissions and self-assessments are simple and seamless.
You will have a dedicated accountant as your sole point of contact. We prioritise building strong client relationships, ensuring one expert manages your Limited Company accounts from start to finish.
We offer comprehensive financial reviews designed to give you total clarity over your company’s current position and tax efficiency. It’s a great opportunity to look closely at your numbers with our experts and ensure your accounts are working as hard for you as possible.
Eliminate the paperwork. Our experts manage your Self-Assessment from start to finish, providing a seamless, HMRC-approved service you can trust.
No hidden fees or hourly rates. ADVANCE provides unlimited phone and email support so you can reach out to your dedicated expert at any time without hesitation.
Choose the solution that best supports your needs, from a MTD-compliant tax service to comprehensive Limited Company accountancy plans.
Technically, a director can manage their own limited company books. However, attempting to navigate real-time payroll submissions, dividend documentation, corporate tax returns, and changing IR35 rules without professional help can quickly lead to costly mistakes or missed deadlines.
Our specialist contractor accountants provide a comprehensive service that combines cutting-edge technology with a personal touch. We offer three plans, all of which are designed to make your life as a company director as easy as possible, leaving you free to focus on your assignments.
Partnering with ADVANCE’s team of specialist accountants ensures that:
Your company remains fully compliant with the latest UK tax codes and Companies House requirements.
You structure your salary and dividends to maximise tax efficiency legally.
You have access to real-time insights regarding your corporate cash flow.
If you’re looking for a personable service that will assist with every step on your journey through contracting, then have a look at what ADVANCE can offer you below.
| Features | Gold Plan | Platinum PlanMost Popular | Black Plan |
|---|---|---|---|
| Start trading within 36 hours |  |
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| Fully comprehensive insurance package | |
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| Company tax and accounts filing | |
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| Accounting software | |
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| Help setting up a business bank account | |
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| Gifts when you refer a friend | |
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| Company incorporation | £100 + VAT | |
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| Annual self-assessment tax return | £220 + VAT | |
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| VAT returns processing | £200 + VAT (per quarter) | |
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| Director's salary monthly processing | £30 + VAT (per month) | |
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| Use our office as your registered address | £150 + VAT | |
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| Unlimited phone & email support | |
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| Umbrella margin | — | |
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| Salary Sacrifice | £4 + VAT | £4 + VAT | |
| Access to ADVANCE Rewards | £2.29 per timesheet | £2.29 per timesheet | |
Have questions? Want to learn more? Or are you looking for some advice? Don’t worry, you can speak to the team anytime. As experts in Limited Company Accountancy, our in-house team are readily available to support both agency partners and our clients.
Optimise your payment structure based on your unique circumstances.
Safeguard your personal assets from business liabilities and losses through a limited liability structure.
Claim genuine business expenses through your company to help reduce your overall tax liability.
Elevate your professional standing and build trust with clients and larger organisations.
Rated “Excellent” on Trustpilot, our clients, contractors and employees are happy to recommend ADVANCE time and time again. See our Trustpilot reviews to find out for yourself.
If you know a contractor or worker who would benefit from our services, simply refer them to the ADVANCE team today. As a thank you for your successful recommendation, we will treat you to a £250 voucher once they are up and running. The more you refer, the more you can earn. It’s that easy.
Got questions? We are here to help.
We understand that before taking a new assignment, or setting up your own limited company, you may have questions to help you understand the pros and cons in more detail. Here are a few of our most frequently asked questions to help.
Can’t find what you are looking for?
Get in touch with ADVANCE Accounting today, they will be happy to help and advise.
Generally speaking, no. In this instance, you would be better using our umbrella PAYE Service. A limited company offers advantages to those working outside IR35.
You can generally claim a wider range of business expenses (equipment, professional subscriptions, etc.) provided they are “wholly and exclusively” for business use. for more information please speak to our team.
Simply put, you are. As the company owner and director, you are responsible for paying any Employer’s NI on the salary you pay yourself. However, your account manager will discuss this with you to ensure that all NI contributions are paid and in line with your agreed directors’ salary.
Essentially, as a limited company owner, you would be responsible for all elements of your business needs, from insurance and filing tax returns and self-assessment with Companies House, to submitting VAT returns. However, by using ADVANCE Accounting, you can relax as we can support you through it all.
We use FreeAgent, an approved software by HMRC. FreeAgent allows us to keep a track of all income, expenses, receipts, invoices etc. and connect directly to HMRC which makes filing your quarterly tax submissions and self-assessment returns smooth and compliant.
We offer unlimited support, you are free to call or email us as much as you need, we are always happy to help.
Yes, we take care of everything. All we need from you is your receipts, invoices and any expenses so that we can prepare your tax returns correctly and review and submit with you.
Simply put, no, you don’t. However, Limited Companies face VAT and PAYE filings on a quarterly basis. If you would like to learn more about this, feel free to call our dedicated team on 01244 564 600, who will be happy to help.
