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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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]
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]
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]
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]
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 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]
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 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]
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]