When I read a typical article outlining the pros and cons of contracting via different business structures, the umbrella option is usually labelled as ‘hassle free’, whereas the limited company path is the ‘tax efficient route’ (albeit with some ‘hassle’ involved).
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Latest Articles
MOO – HMRC ignores crucial factor in IR35 test tool
HMRC has provoked the contracting community further by admitting that its online employment status tool (CEST) does not account for the Mutuality of Obligation (MOO), which is often cited as a key factor in IR35 case law. … [more]
Running a company – what is a confirmation statement?
Every private limited company and limited liability partnership registered in the UK is required to submit a confirmation statement to Companies House each year. So what does this statement contain, and how often must it be submitted? … [more]
10 things you should know before setting up a limited company
If you have decided to trade via your own limited company, you have to submit an application to Companies House, the registrar of companies. Here, we've listed 10 bits of information you need to collect in advance to ensure your formation can be … [more]
The importance of professional IR35 contract reviews
Since the implementation of the Intermediaries Legislation (IR35) in April 2000, the onus has fallen on professional contractors to prove that their contracts are not caught by the IR35 rules. In this article, we look at the role of professional IR35 … [more]
2019 Loan Charge – retrospective tax targets contractors
Contractors who have used disguised remuneration schemes in the past may be subject to the 2019 Loan Charge - retrospective taxation on a scale not seen before. We look at what this means for those involved. … [more]
Capital allowances – tax relief on company assets
Capital allowances allow you to claim tax relief on assets you buy for your business. The value of these items can be offset against your company's profits over time. So how do capital allowances work in practice? … [more]
Pimlico Plumbers ruling – what it means for contractors
The Supreme Court has rejected an appeal by Pimlico Plumbers in a case which may have significant implications for the way workers are categorised for the purposes of tax and employment rights in the future. We ask how this ruling may affect … [more]
The tax war on professional contractors – 18 years of hurt
The current consultation into extending the so-called 'off payroll' (IR35) rules to the private sector is just the latest in a series of targeted tax strikes against professional contractors which goes back almost two decades. … [more]
How to promote yourself – 10 marketing tips for contractors
Being a contractor is like running your own small business. You're completely reliant on yourself for finding the next source of contract work, and for selling yourself to prospective clients and recruiters. So, could you benefit from marketing your … [more]
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