The only legitimate way PAYE schemes can compete with each other cost-wise is in the fees they charge their contractor clients. Here, we compare some of the leading umbrella companies, and explain why you should look out for hidden charges.
The tax rules associated with borrowing money from your own limited company are fairly complicated. Therefore, it is important for company directors to understand the rules, guidelines, and tax implications associated with taking out a Director’s Loan.
As a limited company owner, you may have come across the terms ‘interim’ and ‘final’ dividends. So, what do these terms mean in practice?
For most limited company contractors, your accountant is likely to be the advisor you engage with more than any other. In this guide, we look at the professional qualifications held by accountants and accountancy firms.
There may be good reasons why you want to set up a company, but not necessarily trade for the time being. You may decide to take a break from contracting, but keep your company ticking over. This is where the concept of a dormant company comes into play.
Last year, HMRC opened a series of MSC investigations into the clients of some of the UK’s leading contractor accountants.
With the deadline now passed for submissions to the Government’s consultation into the potential regulation of umbrella companies, one particular question caught our eye at IT Contracting.
We caught up with of the UK’s leading IR35 experts following reports that HMRC has increased its compliance activity in recent months – with an apparent focus on how clients have been assessing IR35 status.
The PROOF scheme, aka the Protected Online Filing scheme, is a free service provided by Companies House to help protect limited companies from potential fraud.
If you decide to move to a new accountant, what happens to any accounting paperwork which is yet to be finalised? More importantly, how much will it cost in catch up fees to bring your accounts up-to-date?