4.0
Dec 4, 2016
Current employee, less than 1 year
Bengaluru
Recommend
CEO approval
Business Outlook
Pros
Credibility – clients view a Limited Company in a more positive light Higher take-home pay – being paid in regular dividends means you pay less tax and take home more money Lower personal risk – you are protected from the threat of personal financial loss due to the separation between you and the company Better tax planning – you can benefit from tax savings thanks to the various tax planning opportunities available to you.
Cons
Costly if contracting for a short period of time - Can be costly if you have a short term contract (anything less than a couple of months but it does depend on your daily contract amount) then decide to go back to permanent employment as you will still be required to submit end of year accounts.