About Start your new company

What is Personal Service Company?

  1. This is a limited company,employed by yourself
  2. You are the director and main shareholder
  3. 100% you can manage your whole income
  4. 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.

Key services:

Medical Professionals

We are specialise to provide accounting,Tax planning and Tax investigations for all medical professionals

IT Contractors

We provide wide range of services for IT contractors including tax plan,business plan,business insurance.

Other Contract Workers

We do accounting and tax consultancy services for short term and long term contract workers