What to do when you're new to contracting

New To Contracting?

You’re in safe hands with Brookson

We can help you set up everything you need and with the right advice,
we'll help you get up and running in no time.

Brookson are here to give you help and guidance, so you can get on with the job. We can set you up in as little as 24 hours.

Going into contracting can be liberating, lucrative, and give you a whole new lifestyle. That being said, in order to succeed, it’s vital you protect your income and ensure you stay compliant. We're here to guide you through the smaller matters of your independent working, helping you maximise your take-home pay and achieve peace of mind.

 

Even if you're new to contracting, we've got you covered!

 

We'll help you navigate complexities like IR35 easily

 

We can set up a Limited or Umbrella Company within 24 hours

 

We can give you advice on Financial Planning should you need it

From start to finish Brookson can help you on your way to contracting. We have our own CONNECT system with the ability to add your receipts and invoices on the go.
It’s time to discover a flexible, specialist accounting service that pushes you to perform at your best.

What to do, and how to take home more pay with a Limited Company

 

We put your financial worth first, helping you figure out whether it’s best to operate under an Umbrella or set up a Limited Company. Many of our clients find setting up as a limited company is simply the best way to maximise their earning potential.

What is a Limited Company? Well, it’s a decision to incorporate your business, reducing your tax obligations and the risks involved with self-employment. You’ll earn more while leaving the paperwork to us. We can arrange for your company to be registered with a company number, giving you all the benefits of a small business, without the hassle. You can find out more about Limited Companies in our guide. It might seem like a confusing time, but we've been helping people since 1995, and we were started by contractors, for contractors with the simple message that there must be a better way.

How Brookson helps you

Once we know the best solution, be it Umbrella or Limited, we take you through the process from start to finish. You'll have a dedicated contact who will be able to assist you and we'll get you set up with all the systems you need to get started, including our innovative CONNECT online portal.

Book a Consultation

Calculate your take home pay

I earn
 
per

An hourly rate of £15 or £120 per day is the minimum requirement.

Please contact our new business team on 0800 230 0213 or arrange a callback to discuss your options.

Limited Company

Per week
 
Per month
 
Book Consultation
Limited Guide

Umbrella Solution

Per week
 
Per month
 
Book Consultation
Umbrella Guide

The calculations are for illustration purposes only and are based on a series of assumptions.

Assumptions

The calculations are based upon the following criteria:

General

  • Working 40 hours per week over 52 weeks
  • There is no additional income from other sources

Umbrella

  • 1185L tax code
  • Includes the Brookson Umbrella Solution margin

Limited

  • Assignments are not subject to IR35
  • Director's fee of £162 per week
  • Includes the Brookson Limited Company accountancy fee
  • Claiming £265 expenses per week
  • Claiming 200 business miles per week

Not sure if you need a Limited or an Umbrella company?

 

Take our short quiz to help you decide.

 

Do you earn more than £15 per hour?

Do you plan to take on contracting for longer than three months?

Are you happy to do about 30 minutes paperwork per month?

Are you happy to submit your own invoices and expenses?

Based on your choices

Limited Company

might be right for you.

Change your choices

If you're a higher earning contractor or freelancer, setting up as a Limited Company may be your best option.

We would always recommend discussing your individual circumstances in full with a member of the team before selecting your chosen way of working.

Book a consultation

Based on your choices a

Umbrella Employment

might be right for you.

Change your choices

With our Umbrella employment Solution, you are employed by us. We pay you directly via PAYE and take care of all the necessary tax and NI calculations and payments on your behalf.

We would always recommend discussing your individual circumstances in full with a member of the team before selecting your chosen way of working.

Book a consultation
  • Limited Company
    Accountancy Service

  • Set up in as little as 24 hours
    Maximise your earnings from day one
  • No minimum tie in period or exit fees
    Feel secure in the knowledge that there are no hidden fees or restrictions
  • All-inclusive fee
    Everything you need from an accountant bundled into one excellent service
  • Unlimited IR35 reviews
    Peace of mind with our expert advice and support on IR35 Compliance
  • Daily tax updates~
    Get a ‘total view’ of your tax position throughout the year
  • Support 6 days a week
    Access expert advice when it suits you with our dedicated support team
  • 24/7 access via an online portal
    Save time with the ability to view your accounts at any time of the day
  • Find out more
  • Umbrella
    Employment Solution

  • Setup in as little as 24 hours
    Maximise your earnings from day one
  • No setup costs
    A weekly solution that fits around your work and lifestyle
  • Same day payments
    Fast and easy payments to ensure you are always paid on time
  • Comprehensive insurance package
    Receive tailored contractor insurance offering you protection at no additional cost
  • SMS Notifications
    SMS notifications to alert you as soon as payment has been made
  • Support 6 days a week
    Friendly, expert support team on hand when it suits you best
  • 24/7 access via an online portal
    Everything in one place so you can to view your accounts on the go anytime
  • Find out more

A dedicated accountant for contractors

 

From setting up a limited company and registering at companies house, to reviewing your contracts for IR35 compliance, our services tackle every facet of your venture, saving you time, stress and energy. Our accountancy team support hundreds of contractors running a business just like you; we’re more than capable of helping your transition to self-employment.

We’ll eliminate the chance of unexpected tax penalties, as well as securing your IR35 status on every assignment. You can monitor your finances in real-time using our cutting-edge Connect platform which can link to your bank account, and our help desk is on standby six days a week.

Accredited by the FCSA, APSCo and REC, you know you’re in safe hands with Brookson. We’ll consult with you before any course of action is established, ensuring you get exactly what you need and that you are able to handle your tax efficiently.

Our aim is to get you on board, with no exit fees or tie-in period, within 24 hours.

dedicated accountant for contractors

Unlimited IR35 Reviews

 

We're proud of our compliance heritage and have vast experience in dealing with IR35. With Brookson you know you’re in safe hands.
Simply fill in the contact form to speak to a Specialist Advisor about your situation.

If you're looking for more detailed information about IR35, why not take a look at our guide to IR35 in our Knowledge Centre.

Latest Reviews

Brookson have managed the financial affairs of over 90,000 individuals. Our customers satisfaction is our top priority, we regularly invite our customers to provide feedback and review the Brookson service as customer reviews enable us to continually improve the service we provide.

To discuss our specialist accounting service, fill in the form below