What is Personal Service Company?
- This is a limited company,employed by yourself
- You are the director and main shareholder
- 100% you can manage your whole income
- Most tax efficient way to maximize your net income.
How to open or register personal service company?
You can call MSR 020 8514 2678 or you can go to online application form and submit your application.
Why choose PSC company?
If you are working on projects or are a long term contractor with a number of contracts
If you want to work in the most tax-efficient way possible
If you like to fall outside IR35
If want complete control of your finances
You can choose PSC Company
What kind of benefits for this company?
You can get 85%+ Net Income and you can control your whole income also claim your business expenses.
Is it tax efficient way?
Yes,definitely.
Who is doing all secretarial works?
MSR Secretarial service provides all services, you don’t need to do, we do on behalf of you.
Who is doing accounting and tax computation works?
MSR Accounting and Tax consultants will handle all of your accounting and taxation matters.
After register my company then what happen?
We will provide all company registration documents then you need to open business bank account. After that you will be inform your agency about your personal service company.
What are details they ask?
This is depend your agency but generally they used to ask, company registration certificate,business bank details,business insurance and latest company statuary reports.
What type of business insurance do I need?
If you are medical professional you dont need to get business insurance because your registered body will cover your insurance. But after end of this month [October 14, the law might be change]. If you are not medical professionals for an example IT professional you need to get professional indemnity and Public and employers’ liability, MSR business services will do your business insurance.
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For more details call MSR or contact via email?
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Setting up your Limited Company –
- same day set up of your Limited Company
- As your accountant we register your company for PAYE,
VAT and Corporation Tax
- Assistance with opening your company bank account
- Assistance in registering your company for the HMRC
Flat Rate VAT Scheme as appropriate
- use of our office as a registered address
Annual Returns
Company house and HMRC statuary works
Latest company reports
Company e-register and issue share certificates
Confirm employment status
Access to an Accountant
- Dedicated accountant and team for advice and
support all year round
- Proactive tax advice and planning from specialist
Personal tax advisors
Bookkeeping
- Weekly /Monthly calculations
- Weekly or monthly payroll for you as a director
- Access to an online portal to record out of pocket expenses
- Sample invoices
Limited Company
Compliance
- Initial IR35 review
- Unlimited IR35 reviews for future contracts
Taxes
- Preparation of quarterly VAT returns
- Quarterly PAYE payment notification
- Assistance with all routine HMRC correspondence
Statutory Returns
- Preparation and submission of P14, P60 and P35
- Preparation and submission of P11D
- Preparation and submission of Annual Return
- Preparation and submission of Annual Statutory
Accounts and CT600
Other services
- Free accountant references for all purposes e.g.
mortgage, basic VISA requests
- Discounted insurance packages
Medical Professionals and other Non VAT registered services £48.84 per month
IT Professionals £66.66 + VAT per month
or an other services, please call us 0208 514 2678
Above fees are including all services which were provided in the page. We do not charge any additional fee also we do not charge for your company annual return fees and payslips, dividend vouchers as well.
