Personal Service Companies

If you are a contractor then running your own Limited Company, also known as a Personal Service Company ("PSC"), can often be the most profitable way to be paid.
If you are a contractor then running your own Limited Company, also known as a Personal Service Company ("PSC"), can often be the most profitable way to be paid.
Often your free time is too valuable to spend it processing your accounts, completing forms or worrying about your tax and deadlines.
This is where Umbrella Accountants LLP can help. As an accountancy firm we can perform various accountancy services for you. 
At all times the limited company ("company") remains your property and under your control. You even choose the name for it which can help you build your own brand.
For a weekly fee we can, at your request, take care of the following for your company:
  • Company Formation and set-up;
  • Act as your Registered Office;
  • Register for VAT, Corporation Tax and PAYE;
  • Advise on your preferred remuneration package;
  • Advise on business expenses;
  • Advise on setting-up a Business Bank account;
  • Process your Payroll and provide returns (i.e. payslips and P11D's);Annual Financial Statements, Quarterly VAT returns and Quarterly/Annual PAYE returns, along with advice on how much to pay;
  • Provide support on Secretarial matters i.e. drafting minutes and annual returns for you to approve and submit; and
  • Through our business partners you can ensure you have adequate insurance cover such as Employer and Public Liability, whilst you can utilise tax efficient savings through a Pension Plan.
We can also provide help in these areas on an ad-hoc basis rather than as a whole.
Areas we cannot help your company are:
  • Acting as a Director or Company Secretary;
  • Managing your bank account;
  • Credit Control – chasing unpaid invoices; or
  • Providing any tax loss insurance or guarantee in the event of an HMRC enquiry.

Do you have the right cover in place for your limited company? Find out more

  • Nicola has been fantastic - kept me informed and very professional.Dale Norman October 2021

  • Very helpfull and prompt. Always came back as promised and provided the necessay information and guidanceM manir October 2021

  • Nicola Worthington has been a credit to Umbrella Accountants. She has always offered considerable professional advise to myself on my accounting and my tax affairs as and when required over the past few years. I would recommend both Nicola and Umbrella Accountancy Services.AC September 2021

  • I started my company in 2016 when I was offerred 6 months contract work. Now sadly I'm closing my company as I've moved back to PAYE work. Nicola Worthington and team have been very helpful with my accounting and tax affairs and has made it as easy as possible for me to understand what I needed to do. All the best AndyAndy September 2021

  • I have been with Umbrella for around 2 years now since they set up my limited company for contracting purposes. I have found their service to be very reliable and really enjoy the ease of using the freeagent service. A special mention also to my accountant Nicola Worthington, whose knowledge and expertise have been so valuable. Along with that, her availability to answer questions at critical times have been really vital for me and my business - thank you.Stephen Roberts September 2021

  • Nicodemus Ginindza has been my liaison since working with Umbrella - his support and assistance has been excellent, always on call to attend to queries. Fantastic service ! Would highly recommend !Hemel August 2021

  • Excellent service as usual.Luis Ferrinho August 2021

  • I am extremely happy with the service I have received and the clear explanation of said service from Nicodemus Ginindza. I am looking forward to our continued relationship. I have no hesitation whatsoever in recommending this company.Roy Ginn July 2021

  • Very helpful for a beginner with self employment, Nicodemus was welcoming and helpful.Jeanebe July 2021

  • Efficient, responsive and quick in resolving issues.Shantanu July 2021