How you can pay less tax as an CSP home worker

Congratulations on setting up your own home-based business. Arise UK offers an exceptional opportunity for entrepreneurial self-starters who want the opportunity to manage their own time and workload.

As you know as a new CSP, it's part of your agreement with Arise UK that you operate your home-based business through a limited company - they call it a Independent Business Owner (IBO).

There are many excellent reasons for operating through a limited company (you’ll find more information here) but you might be daunted by the prospect of what’s involved if you haven’t set up a company before.

The truth is it’s very straightforward. And you can rely on us to help you every step of the way...to take care of all the formalities; make sure everything is done correctly and on time, and crucially, keep your tax bill as low as legally possible.

You can always contact us by email or by phone if you have any questions or need any explanations.

Already registered with another IBO? Want to change?

If you’ve been registered as an CSP for some time with another IBO, you’ll be interested in finding out why having your own company can benefit you substantially. See below.

The benefits of working in a limited company

When you operate your business through your own limited company there are several benefits compared to working through an existing IBO or as a sole trader.

• You pay less tax
  A big difference! A company is more tax-efficient than an individual because the tax rate is lower and you may be able to claim additional costs compared to working as a sole trader. That means the more you earn, the more tax you save! For example, if you work 20 hours per week at £8 per hour, you could save around £400 in tax each year.
• You can use the company for other activities
  If you see working as an CSP as part of a ‘portfolio’ career, you can also use your limited company as a vehicle for any other business activities, increasing the tax benefits - something you can’t do if you are operating under someone else’s IBO.
• Keep your business separate from your private life
  Having a limited company makes it much easier to keep your business and personal life separate. You have different bank accounts for each so you know exactly where you are financially.
• You’ll have peace of mind that everything is being looked after financially.
  One of the main fears of running your own business is that you’ll get in a muddle with accounts and tax. The Artisan CSP accounts service takes care of all the accounts and admin chores that go with it so you can get on with earning more money, secure in the knowledge that all your paperwork is completed and filed on time, every time.

Why work with Artisan?

One of the great things you’ll find when working with Artisan is that nothing’s too much trouble. We want to help you in the same way that we’ve helped thousands of other small, start-up businesses just like yours, so if you need to speak to us we’ll always be available to talk.

Specialist accountants for contractors, freelancers and other self-employed professionals.
Artisan specialises in working with small-medium sized businesses, so we understand the stresses and strains you’re under and have adapted our services so we can be more understanding, more caring and offer more effective support for you. And that means you get first-class service and support at an affordable price.

Sounds good? Why not call 020 8819 8762 now to register or enter your details into the form on the right and we’ll soon have you up and running. But first, you’ll probably want to know a bit more about our charges