As a limited company owner, you may feel that the tax system does you few favours. However, all is not lost, as there is still one benefit available to contractors each year – albeit a small one.
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.
HMRC will assign you a tax code to inform your employer (often your own company) to help them calculate how much tax should be deducted from your salary. Here we look at what the series of numbers and letters signify, and how they affect your income. … [more]
To ensure that any contracts you undertake are not caught by IR35, you need to be able to demonstrate that you are not a disguised employee, but truly working in the manner of a small business owner. In other words, can you show that you are 'in … [more]
A number of high profile clients will stop engaging limited company contractors in 2020 due to the private sector off-payroll changes. What should you do if you are affected? We ask a well-known IR35 expert. … [more]
This week, HMRC has issued a new 'issue briefing' on the forthcoming off-payroll (IR35) changes. The aim of the publication is to 'help organisations prepare'. With the help of an industry expert, we do some fact-checking on the statements and claims … [more]
From April 2020, all recruitment agencies must furnish applicants with a 'Key Information Document' (KID) prior to signing up. Here we look at what this new requirement involves, and what contractors should look out for. … [more]
One of the most frequent questions asked by contractors is "what health-related expenses can I pay via my company?" … [more]
When end-clients determine the IR35 status of contractors in the private sector from April 2020 onwards, they are tasked with taking 'reasonable care' when making employment status decisions. … [more]
The April 2020 off-payroll changes to the private sector represent a massive challenge to the contracting industry. Here we have included some of the most common FAQs we've been asked about the IR35 reforms. … [more]
Barclays has told its contract workforce that it will no longer engage contractors who operate via limited companies, as a consequence of the forthcoming private sector IR35 off-payroll changes next April. Other firms are taking similar measures. … [more]