When working as a contractor, setting up a limited company is by far the most tax efficient way of working. Becoming the director and shareholder of your own limited company allows you to withdraw the funds from your company as a dividend rather than receiving all of your income as a salary, which reduces the combined tax you and your company will pay.
However, the administration involved in setting up and running a limited company can be both bewildering and time consuming, especially if you are new to contracting. Even if you’re confident about handling paperwork, keeping on top of it can get in the way of your real job.
That’s where PayStream can help. Your dedicated accounts team will give you expert accounting advice and will complete the booking keeping and statutory documents for your limited company. Our compliance team can give IR35 advice if you are worried about your tax status. So you get the control of being in charge of a limited company, but without the headaches.
My PSC
My PSC offers a full accountancy service for your own limited company. We help you set it up and we handle the administrative side of things once it’s up and running. You can call your dedicated Account Team if you need help, but it’s still your own company and you remain in control.
How much will I take home with My PSC?
The My PSC service starts as little as £116 + VAT a month. However, you will be able to offset part or even all of this fee against tax, which means it costs you less in real terms.
Try our calculator below to find out how much money My PSC could save you.
What do I do next?
If you’d like to find out
more, there are plenty
of ways to get in touch.
Call us on 0800 197 6516
Ask us to call you,
or book a free quote
with no obligations.
Still not sure...?
My PSC: Don’t take our word for it. See what other My PSC customers have to say on our testimonials page. Or perhaps you have some questions for us?
We’re happy to answer them. Just pick up the phone and call free on 0800 197 6516.