How does a limited company work?
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We offer My PSC and My PSC Online - both of which give you the control that comes with having your own limited company, but without the headaches.
Having your own limited company is the most tax-efficient way to work as a contractor. As a shareholder and director, you can draw some of your funds as a dividend rather than being paid a full salary, so your overall tax burden is reduced. You exercise more control over your finances, too.

Limited Company Services

Why should I set up a limited company?

Why do I need an accountant?

Although the limited company route is the most tax-efficient way of operating, the admin involved can often be complex and very time-consuming - even if you're usually confident about paperwork. Without the right software and experience, your company's statutory documents can't be submitted easily, which may lead to unwanted penalties if left unchecked.

How can PayStream help?

  • My PSC is ideal if you want a dedicated team of experts to help you with all your tax advice, company admin and bookkeeping.
  • My PSC Online offers all your essential accounting needs like preparing your company accounts and returns, leaving you in charge of everyday tasks like invoicing and bank entries through our easy-to-use online portal.

How much does it cost?

You can take advantage of our limited company services from just £95 + VAT a month - or £76.95 a month once you've offset tax.

Want to find out more?

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Limited Company

Limited company services for contractors

For those who work as a contractor in their own limited company, keeping track of your accounts and tax returns - not to mention your IR35 status - could be a daunting task.

But with PayStream's limited company service, we make things easy. We offer My PSC, a service for limited company contractors who'd rather be working on projects, expanding their client base or simply enjoying life, rather than dealing with their accounts. Our limited company services let you set up and run your business without having to worry about paperwork.

If you're a limited company contractor - or a freelancer thinking about setting up your own business - then why not try our limited company service today? We'll simplify your bookkeeping and ensure that everything is correct!

Limited company contractors - how we can help

With PayStream's limited company service, we are there to assist you every step of the way. As a limited company contractor, you'll have a team of experts working on your behalf to check your numbers and explain things in a simple, jargon-free way, all with the backing of one of the most experienced and compliant providers in the industry. Completion of compliant statutory tax returns for HMRC and Companies House are included in our limited company service.

The benefits of becoming a limited company contractor

Limited company contractors enjoy a host of benefits from choosing this type of business arrangement. For one thing, being in employment for yourself can be a tax-efficient option, giving you the opportunity to maximise your earnings.

Additionally, many agencies feel more secure working with limited company contractors, rather than freelancers.

Of course, while there are many benefits to becoming a limited company contractor, this option also comes with a variety of administrative responsibilities. With PayStream you get access to a dedicated accounts team who will help you along the way so you won't have to worry about a thing!

Get limited company services from PayStream

At PayStream, we have over 30 years of experience in providing payroll and accountancy services to limited company contractors.

We take great pride in providing excellent customer care and reliable service. So why not contact us for a free, no-obligation quote today? We'll show you just how our services can be tailored to meet your specific requirements.

And if you have any questions about our service for limited company contractors, please don't hesitate to get in touch. We'll be happy to provide advice and assistance, as well as explain our limited company services in more detail.

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