Freelancers

Fixed Fee Packages

Running your own Limited Company for Freelancing is actually very straightforward.

Our fixed fee packages for freelancers and contractors are designed specifically for one person operations.  Whether you are a freelancer with your own customer base or a contractor raising one invoice per month through your Limited Company, our all inclusive package includes everything you need to legally run your business for one monthly fixed fee.

How to Contract through your own Limited Company

Setting up your Limited Company for Freelancing

Forming a Limited Company.

The first thing you need is a Limited Company. We can do this for you. It will take around 24-48 hours to set up and the cost of formation is £175 plus VAT. We can also help you with VAT registration and setting up a Limited Company business bank account.

Invoicing your client/agency.

For this you complete a very simple Excel spreadsheet, (we can provide you with a template), similar to an expense claim form which should take about 15 - 20 minutes per month to complete.

Processing your information

Forward your invoices, receipts, bank statements and any correspondence you get from HM Revenue or Companies House to your personal account manager at Equation every month via your secure virtual portal and we will take care of the rest.

Receiving your financial reports

Within 7-10 days you will receive your monthly report detailing your exact financial position including your net profit, corporation tax liability, PAYE, and VAT details (if registered). Your statutory accounts will be processed within 30 days of your year-end.

We guarantee that there is no more tax effective way of working than contracting through your own Limited company.

Frequently Asked Questions

Have a different quesion? email us.

How much will I take home?

Typically, contractors working through their own limited company take home between 75% and 80% of their contract value.

What expenses can I claim?

If you are outside IR35, you can claim back anything that is "wholly and exclusively" incurred to carry out the day to day running of your business. This includes insurance, accountancy fees, travel and accommodation expenses, motor expenses, computer hardware and software, telephone, stationery, training etc.

Why should I choose Equation to be my Company's accountants?

Equation are specialist providers of accountancy services to Contractors, Freelancers and SME’s.

How much do you charge?

The fees for our All Essentials Freelancer packages start at just £59 per month plus VAT, which is one of the most competitive prices on the market. Contracts are for a minimum of twelve months from the beginning of your financial year. Sign up here