Did you know there are around 200,000 freelancers and contractors working through umbrella companies in the UK, and the majority would be better off forming a limited company! Setting up your own limited company is the best approach for most contractors. Don’t be fooled by Umbrella Companies claiming greater tax saving – that’s simply not true. If you are unsure of whether contracting is for you or are just between permanent jobs, then an Umbrella Company may be the option, but it is the most expensive way to work. Various accounting companies specialise in contractor accounting. A limited company can…