The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £3,000 per year. So, can your limited company benefit from this tax incentive? … [more]
First Timer or Veteran Contractor?
Very few contractors regret their decision to break with traditional employment and start out on their own. Our site provides all the information you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or if you're a seasoned pro.
There may be a time when you need to borrow money from your own limited company - perhaps to finance a house deposit, or for a major purchase. Here we look at how directors' loans are treated, and how you could face a hefty tax bill if you don't plan … [more]
Working out the most tax efficient way to draw down income from your company should be a priority for limited company owners. In this article, we explain how to establish your optimum salary level in 2018/19, what dividends are, and how they are … [more]
The retained profits generated by UK companies of all sizes can be distributed to shareholders. For professional workers (such as contractors, consultants, and freelancers), dividends make up the bulk of income drawn down from small limited … [more]
It's that time of year again - the start of April brings with it changes to a number of tax rates and bands, as well as a cut in the dividend allowance. … [more]
Due to the emphasis often placed on IR35, contractors may enter into contractual agreements without fully understanding the practicality and implications of the other provisions contained within them. Here are some typical things to look out for … [more]
If you're thinking of expanding the contract work you undertake into a larger business, taking on your first employee is a big move. Becoming an employer for the first time will inevitably mean dealing with some red tape, but the process should be … [more]
Although the Chancellor didn't mention IR35 in his Spring Statement speech, the Government's written statement published shortly after suggests that an extension of the public sector off payroll rules to the private sector is still on the cards. … [more]
As a limited company owner, you may incur a variety of business expenses whilst undertaking your contract duties. Here, we look at how expenses are 'allowable' for tax purposes, and some common errors to avoid. … [more]
Company secretaries are usually appointed to help directors complete their statutory duties and carry out other task related to corporate governance. … [more]