One of the reasons individuals choose to undergo a Members’ Voluntary Liquidation (MVL) for their company is the favourable personal tax treatment of final funds. Unlike striking off a company, where final net assets over £25,000 are taxable as dividends, an MVL allows these funds to be taxed as capital gains, often resulting in lower tax bills for shareholders.
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IR35
What is IR35? | IR35 insurance | IR35 History | IR35 Contract Templates
Limited or Umbrella?
Become a Contractor | Set Up a Company | Limited vs. Umbrella
Contractor Accountants
List of Accountants | How to switch providers | Do you need one?
Does IR35 apply to umbrella company employees?
IR35 has profoundly impacted the contracting world over the past 25 years. How do these tax rules affect umbrella company employees? … [more]
How do I switch from being a sole trader to a limited company?
Many freelancers become sole traders when starting out in business, seeing this as the right option for them at the time. What happens if you want to form a company in the future? … [more]
What if your client or recruitment agent fails to pay on time?
Whether you’re working directly for the client or via a recruitment agent, late payments are an unacceptable and all too common problem for contractors. … [more]
Do I need to hire an accountant for my limited company?
There is no legal obligation to hire an accountant if you're setting up a limited company. However, there are some very good reasons to do so. … [more]
What is an SA302 tax calculation form and how can you download yours?
Whether you're a sole trader or company director, you may have encountered the term "SA302" at some point. Your SA302 is an HMRC document you may need to produce to prove your income for a given tax year. … [more]
Top 10 expert CV writing tips for IT contractors
The importance of a well-written CV cannot be understated. Given that the attention span of recruiters and clients is notoriously short, we asked an expert for ten concise tips on how to craft the perfect contracting CV. … [more]
Tax-efficient insurance for when you can’t work as a contractor
Income protection insurance is a financial lifeline for anyone who doesn't have the benefit of employer-provided sick pay. … [more]
Contractor Accountants – compare fees and services [2025]
While you shouldn't decide who to hire as your contractor accountant based solely on price — after all, you get what you pay for — it's important to check that what you'll be charged is fair. … [more]
30+ allowable business expenses your limited company can claim
As a limited company owner, you will incur various costs while running your business. Here, we look at which expenses are allowable for Corporation Tax purposes and highlight some common expensing errors to avoid. … [more]
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