
If you are a professional contractor, you may need to invest in marketing to win new work - but can these costs be offset against your company's tax bill? … [more]
IT Contractor Essentials
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
Read the 10-Step Guide →By James Leckie | Last updated:

If you are a professional contractor, you may need to invest in marketing to win new work - but can these costs be offset against your company's tax bill? … [more]
By James Leckie | Last updated:

If you've decided to close your limited company, a members' voluntary liquidation is the most tax-efficient way to do it. Here we explain what an MVL is and how the process works. … [more]
By James Leckie | Last updated:

Your limited company pays Corporation Tax (CT) on any profits it makes during its financial year. CT is applied to the profits of all UK companies, regardless of size. … [more]
By James Leckie | Last updated:

HMRC assigns tax codes to inform employers how much tax to deduct from an employee's salary. Here, we look at what the series of numbers and letters signifies and how they affect your income. … [more]
By Christian Hickmott | Last updated:

This guide explains the format for filing annual accounts with Companies House each year - specifically the FRS105 and FRS102 frameworks, which apply to small companies. … [more]
By James Leckie | Last updated:

A company secretary helps with the administrative side of running a limited company, supporting directors with their legal duties and day-to-day paperwork. … [more]
By Michael McCullion | Last updated:

Money taken from a limited company that is not salary or dividends is recorded in the director’s loan account (DLA). And if the balance becomes negative, the director owes the company money, creating an overdrawn director’s loan account. … [more]
By James Leckie | Last updated:

If you run a limited company, you must keep on top of several monthly, quarterly and annual filing obligations. Here is a quick summary before we cover each one in detail. … [more]
By James Leckie | Last updated:

If you want to form a new company, alongside the Companies House application itself (IN01), you must also file Articles and a Memorandum of Association. Here, we explain what these documents are and how to submit them. … [more]
By James Leckie | Last updated:

If your contract work is caught by the IR35 rules, and your limited company is responsible for determining IR35 status, you may be entitled to a flat 5% deduction to cover administrative expenses. … [more]