
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]
IT Contractor Essentials
Practical guides, calculators, industry news and advice to help you set up and run a professional contracting business.
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:

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:

There is no legal obligation to hire an accountant if you're setting up a limited company. However, there are some very good reasons to do so. … [more]
By James Leckie | Last updated:

There may be times when you need to borrow money from your own limited company, or you may have unintentionally done so whilst drawing down funds. What are the tax implications of doing so? … [more]
By James Leckie | Last updated:

If you buy a car via your own limited company, there are several tax considerations to bear in mind. Read this no-nonsense guide to calculate the tax cost for the 26/27 tax year. … [more]
By Nicholas Hopkins | Last updated:

For many IT contractors hearing the word “networking” causes a cold shiver to run down their spines. It conjures up images of stuffy conference rooms, drab food and forced awkward small talk. … [more]
By James Leckie | Last updated:

Capital Gains Tax is charged when you sell or dispose of an asset which has grown in value, and you have made a profit from the sale. Here, we examine how the CGT rules work in practice. … [more]
By James Leckie | Last updated:

Most of the traditional tax advantages available to limited company contractors have been reduced over time. Even so, there are still some savings to be had if you are considering an electric car. … [more]