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]
First Timer or Veteran IT Contractor?
Our site provides all the information, tools and resources you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or even if you're a seasoned pro.
Latest Articles
Does the IR35 legislation apply to sole traders?
With new private sector off-payroll rules set to take effect on 6th April 2021, is working as a sole trader a smart way to ensure your contract work falls outside IR35? … [more]
Mini Umbrella Company (MUC) fraud – what is it?
The Government has published guidance on 'mini umbrella company fraud' - the widespread practice of setting up multiple companies to employ temporary workers - with the sole aim of abusing the Flat Rate VAT and Employment Allowance schemes. … [more]
Forming a company – Articles and Memorandum of Association
If you want to form a new company, alongside the Companies House application itself (IN01), you must also file Articles and a Memorandum of Association. Here, we explain what these documents are, and how to submit them. … [more]
How much does it cost to set up a limited company?
There are several ways to set up your own limited company; via an accountant (a popular way), via a company formations agent, or direct with Companies House. Here we look at the typical costs associated with each option. … [more]
How to choose the best online accountancy software for your limited company
Doing your accounts will probably never become your favourite task. But accountancy software may make you less prone to wanting to pull your hair out. Even if you’re not a numbers whiz. … [more]
What is business asset disposal (entrepreneurs’) relief and how does it work?
Are you thinking of winding up your limited company - possibly as a result of retirement, or due to the Off-Payroll (IR35) rules? Perhaps you want to sell all or part of your business to someone else? … [more]
Members’ Voluntary Liquidation (MVL): a guide for contractors
If you've decided to close your limited company, a members' voluntary liquidation is the most tax-efficient way to do it. Here we explain what an MVL is, and how the process works. … [more]
Dividends – what are they, and how much tax do you pay?
The profits generated by UK companies of all sizes can be distributed to shareholders as dividends. Limited company professionals, such as contractors and consultants, typically draw down the bulk of their earnings in the form of dividends. … [more]
Employment Allowance – is your limited company eligible to claim?
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £4,000 per year. So, can your limited company benefit from this incentive? … [more]
- 1
- 2
- 3
- …
- 25
- Next Page »
Follow Us!