With the first recipients now due to start repaying their Bounce Back Loans, it is clear that a significant proportion of firms will be unable to meet these repayments. What if your company used a loan to make dividend payments? … [more]
First Timer or Veteran IT Contractor?
Our site provides all the information, tools and resources you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or even if you're a seasoned pro.
If you're looking for a new umbrella company, chances are you will conduct some online research as part of the vetting process. Here we consider why you should treat online 'reviews' with a degree of skepticism. … [more]
If you work through a limited company, you're not the business, even if you're the company's sole owner. But how do shares work, who can be a shareholder, and what are your rights and responsibilities? … [more]
As a result of the April 2021 Off Payroll changes, more individuals than ever are using umbrella companies. In an unregulated industry, the consequences of choosing an unscrupulous provider can be severe. … [more]
There are many legal types of tax relief available for all UK registered companies, no matter their size, that could save you thousands on your annual tax bill. You just need to know what they are, when they apply, and how to use them. … [more]
You may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account”. What do these terms mean, and what information can these documents provide you about your company? … [more]
Doing your accounts will probably never become your favourite task. But accountancy software may make you less prone to wanting to pull your hair out. Even if you’re not a numbers whiz. … [more]
One of the main attractions of working via your own company is that the liability of shareholders is limited. So, to what extent is the liability of company directors limited? … [more]
Capital allowances allow you to claim tax relief on assets you buy for your business. The value of these items can be offset against your company's profits over time. So how do capital allowances work in practice? … [more]
With the arrival of private sector off-payroll rules from 6th April 2021, is working as a sole trader a smart way to ensure your contract work falls outside IR35? … [more]