As the number of tax planning opportunities available to contractors continues to dwindle, we look at the pros and cons of running buy-to-let investments via a corporate structure.
Business Structures - Limited Company
Most professional contractors work via their own limited companies. It remains the most tax-efficient business structure, despite the April 2016 dividend tax hike.
Company directors have more paperwork and legal obligations than umbrella company contractors, but in reality, a specialist accountant can take care of these administrative duties for you.
- Limited company basics - how to set up a company, and the responsibilities you have as a director.
- Limited vs. Umbrella - find out more about the advantages and disadvantages of each business structure.
- For in-depth guides to setting up and running a company, try Limited Company Help.
Several significant tax changes are set to take effect from April 2016. Here, a leading accountant explains what the likely impact will be, and why the limited company model remains a smart choice for contractors.
One of your duties as a limited company director is to update Companies House with information about your company every 12 months. This is achieved via submission of an Annual Return form (AR01). Here we look at what the form contains, how to submit it, and how much the service costs.
It is not unusual for contractors to take time out, either for an extended holiday, to carry out a period of research and training, or if new work is hard to find. You may even have decided to take a permanent job. So, what should you do with your limited company if you do decide […]
As a limited company director, you have a number of legal and financial responsibilities. We look at what these duties are, and why it is essential for directors to meet their statutory obligations.