There will be occasions when you may wish to provide small gifts to employees, throw a staff function or even treat yourself as the director. … [more]
First Timer or Veteran Contractor?
Very few contractors regret their decision to break with traditional employment and start out on their own. Our site provides all the information you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or if you're a seasoned pro.
With more accountants than ever offering either bespoke or third party software for their clients to use, we look at the significant benefits online accountancy systems can provide for contractors. … [more]
Poor cash flow management has always been the number one reason why businesses of all size fail. Like other business owners, contractors can also suffer significant financial difficulties if a client fails to pay on time. … [more]
As a result of the upcoming snap General Election, the Government has had to ditch most of the proposed Finance Bill 2017. The dividend allowance cut to £2,000 has been ditched (for now), but the public sector IR35 changes remain. … [more]
With hundreds of prospective accountancy firms to choose from, we look at the monthly fees charged by some of the UK’s leading specialist accountants, and the services you should expect to receive in return. … [more]
Your limited company must pay Corporation Tax (CT) on any profits it makes during its financial year. CT is applied to the profits of all UK companies, regardless of size. Here we look at how companies are taxed, and the deadlines you should be aware … [more]
Working out the most tax efficient way to draw down income from your company should be a priority for limited company owners. In this article, we explain how to establish your optimum salary level, what dividends are, and how they are taxed. … [more]
It is hard to forge a successful contractor career without having to negotiate some tricky situations along the way - both those involving recruiters and clients, and a multitude of potential 'administrative' problems which may arise. … [more]
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £3,000 per year. So, can your limited company take advantage of this tax incentive? … [more]
From April 2017, many small limited companies which have low annual costs will face a higher VAT liability if they use the Flat Rate scheme (FRS). Here, we look at how the changes are likely to affect contractors. … [more]