services
Limited Company Setup & Compliance for Tradespeople
Thinking of going Ltd? We handle everything from Companies House registration to HMRC setup, Corporation Tax and ongoing compliance. So you can focus on the tools, not the paperwork.
Should You Go Limited? Run the Numbers First.
Going Ltd isn't right for everyone. It depends on your income, your
goals, and how you're currently structured but for many sole traders earning a steady profit, the numbers can work out significantly in favour of going limited.
A limited company structure lets you pay yourself a combination of salary
and dividends which is typically more tax-efficient than taking all
your income as a sole trader. You also get limited liability, which
protects your personal finances if something goes wrong.
The best way to know for sure is to run your numbers through our free
Sole Trader vs Ltd calculator it'll show you exactly how much you could save (if anything) based on your actual income.
At Hammer & Ledger Tax, we help tradespeople make this decision properly.
We explain the pros and cons in plain English and if it makes sense
handle the entire setup from start to finish.
We are accountants for tradespeople!
We help tradespeople around the UK with their tax.
Specialist in tradespeople tax and accounting.
Fixed, affordable pricing
End-to-end set up (Organising your transactions to final tax)
Ongoing support.
As simple as 1-2-3-4!
Tell us about your business
Tell us your current income and setup we’ll talk you through whether going Ltd makes financial sense for you.
We organise everything
We register your company with Companies House and handle all HMRC registrations on your behalf
Books updated
We set up your salary and dividend structure from day one no missed savings.
Stay in control
we handle your annual accounts, Corporation Tax, Confirmation Statements and director Self Assessment (where applicable) every year.
How we help
Company Formation
We ensure you are on the correct structure to suit your future plans from day one.
Yearly tax advice
All clients get free tax advice on salary, dividend and overall structure.
Tax Registration and compliance
We will take care of your corporation tax, PAYE and VAT registration and compliance with HMRC.
VAT and MTD
We handle Making Tax Digital compliance for your VAT.
FAQ
How much does it cost to set up a limited company?
Companies House registration costs £50 online. Our setup fee covers everything else HMRC registrations, company structure advice and initial compliance setup. Speak to us for a fixed-fee quote.
Can I keep my existing contracts if I go Ltd?
In most cases, yes. However, if you work through a recruitment agency or under a contract of service, IR35 rules may affect how you’re taxed. IR35 status determinations are a specialist area we’d recommend getting this confirmed before incorporating, and can point you toward the right resources.
Do I still need to file a Self Assessment as a Ltd company director?
Not automatically. Directors who only receive a salary through PAYE don’t necessarily need to file one. However, if you receive dividends, untaxed income, or income above certain thresholds, you’ll need to. Most owner-directors taking a salary and dividend combination will and we handle this as part of your annual compliance.
What happens to my CIS deductions when I go Ltd?
Your limited company can register under CIS as a subcontractor. Deductions are offset against the company’s PAYE liability via monthly EPS submissions, and any excess is refunded. We handle the CIS reconciliation.
Can I switch back to sole trader if it doesn't work out?
Yes, though there are administrative and tax implications to closing a limited company. We’ll make sure you understand the exit process before we set anything up.
