The profits generated by UK companies of all sizes can be distributed to shareholders in the form of dividends. Limited company professionals, such as contractors, typically draw down the bulk of their earning as dividends.
Our Key Guides
Here is a selection of the most popular and relevant contractor guides we have on the site. If you're new to contracting, this is the best place to start!
If you are a limited company director, what is the most tax efficient salary to pay yourself in 2019/20? This depends on your eligibility to claim the Employment Allowance.
An overview of the Intermediaries Legislation (IR35), specifically how it affects limited company contractors. How to determine your risk of being caught by IR35, and how to protect yourself against a potential HMRC tax investigation.
Which type of business structure should you use? A basic overview of how limited and umbrella companies work, and some of the pros and cons of using each structure.
Once you’ve decided that IT contracting is the life for you, what happens next? Here are the 10 steps you’ll need to take to become an IT contractor, from leaving your permanent job, to dealing with taxes, accountants and recruiters.
The contract rate you can command is affected by a number of factors – both market-driven (the state of the economy, your location, and skills), and individual ones, including your individual powers of negotiation.