Talk through whether limited is right for you
We’ll understand how you contract and explain what operating through a limited company involves before you get started.
Set up your company
If you’re ready to proceed, we can fast-track your company formation and get the foundations in place.
Get your finances organised
We’ll help establish your accounting records and software, so you’re ready to invoice, record expenses and manage your company’s finances properly.
Start contracting
Once your company is ready, you can begin operating through it while our team handles your ongoing accounting and compliance requirements.
Get ongoing advice
We’re here throughout the year, not just when your accounts are due. Ask questions, understand your tax position and get advice as your circumstances change.
Support from day one
With Sapphire, you can access:
Fast company formation
Get your limited company established quickly, with our team guiding you through the process.
Contractor accounting
We’ll manage your accounts and statutory requirements so important deadlines don’t become your problem.
Accounting software
Access leading accounting software to keep your company finances organised and up to date.
Tax planning
Understand what you owe, what you can claim and how to manage your personal and company finances efficiently.
Registered office service
Keep company correspondence organised and reduce the administration associated with running your business.
Unlimited support
Speak to our contractor accounting team by phone, video or email whenever you need advice.
Frequently asked questions
How quickly can Sapphire set up my limited company?
We can fast-track your company formation, with setup available within 24 hours. We’ll guide you through the information we need, handle the formation process and help get the financial foundations in place so you can start operating through your company.
Exactly when you can begin contracting will also depend on your assignment and any requirements from your recruitment agency or end client.
What information do I need to get started?
We’ll need some basic information about you, your proposed company and the work you’ll be doing. This typically includes your personal and contact details, identification and information about your contract or assignment.
We’ll tell you exactly what’s required before you begin and guide you through the process, so you’re not left working out company formation on your own.
Do I need a business bank account?
Yes. Because your limited company is a separate legal entity, its finances should be kept separate from your personal finances. A dedicated business bank account gives you somewhere to receive company income and pay business expenses, while keeping your records clear.
We can explain what needs to be in place as part of getting your company ready to trade.
What accounting software will I get?
Sapphire supports leading accounting platforms including Xero, FreeAgent, QuickBooks and My Digital. We’ll help you choose the right setup for your company so you can keep invoices, expenses and financial records organised throughout the year.
Your accountant works alongside the software, so you’re not simply given a platform and expected to manage everything yourself.
What taxes will my limited company need to pay?
Your company may have obligations including Corporation Tax, VAT and PAYE, depending on how it operates. You may also have personal tax to pay on income you take from the company.
We’ll help you understand what applies to you, keep track of the relevant deadlines and provide proactive tax planning advice, so you can make informed decisions about your company and personal finances.
Can I switch my existing limited company to Sapphire?
Yes. You don’t need to form a new company to move your accounting to Sapphire. If you’re already trading through a limited company, we can take over from your existing accountant and help manage the transition.
We’ll work with you to bring across the information and records we need, get your accounting systems in order and make sure important deadlines and obligations aren’t lost during the move.
What happens if I take an inside-IR35 contract?
Taking an inside-IR35 assignment doesn’t necessarily mean you need to close your limited company. You may need to use a different payment route for that particular contract while continuing to operate your company for other work.
