A simple guide to claiming capital allowances through your limited company – including the AIA, Full Expensing, and Writing Down Allowances.
Contractor Tax Guides
- Limited company contractors have to account for company tax (Corporation Tax, VAT, Employers' NICs), and personal tax (Dividend Tax, Income Tax, Employees' NICs).
- In reality, a good accountant can take care of almost all of your company's accounting needs.
- If you're an umbrella contractor, then your tax and accounting needs are very simple, as you're taxed as a standard employee. Tax and NI deducted at source.
- How are dividends taxed?
- What is a director's loan?
- The most tax efficient salary for a director
- Limited company expenses your company can claim
- Taxes your limited company must pay
- What is the Employment Allowance?
How dividend waivers work – guide for company directors
Here we look at what dividend waivers are, and why you should be aware of the tax implications should they be used improperly.
What is a director’s loan? Guide for limited companies
At some stage in your career, you may need to borrow funds from your company in the form of a director’s loan. Here we look at how loans are treated for tax purposes, and why timing is everything.
Free dividend voucher & board minutes templates (UK limited company)
If you want to declare a limited company dividend, you must create two documents each time – board meeting minutes to record the director’s decision to distribute company funds, and a dividend voucher for each shareholder. Includes example templates.
The High Income Child Benefit Charge (HICBC) – how does it work?
If you have children, and you or your partner earn £60,000 or more, your Child Benefit entitlement will be reduced, or removed. So, how are contractors affected by the new rules, and why are they so controversial?
How to create an invoice for your limited company – includes templates
What do you need to include on a limited company invoice to ensure you comply with the law and get paid on time. Includes .doc and Google Drive sample invoices for contractors.
The UK’s residence-based regime of April 6 2025: explainer
A contractor’s guide to Autumn Budget replacing the ‘non-dom’ system in favour of a residence-based regime.
Lose UK tax residency and be a non-dom: why it’s a pipedream
A guide to domicile and residence, inspired by an ITContracting.com reader seeking less taxing climes.
What is a director’s loan, and what potential problems should I be aware of?
It is important for company directors to understand the rules and tax implications associated with taking out a Director’s Loan. Guide for contractors.
A guide to Business Asset Disposal Relief – while it still exists
An accountant to contractors shares possibly time-sensitive tips on the two top ways to close a solvent limited company.