There may be good reasons why you want to set up a company, but not necessarily trade for the time being... or you may decide to take a break from contracting, but keep your company ticking over. Here we explain what a 'dormant' limited company is, … [more]
First Timer or Veteran IT 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.
With most contractors ineligible to benefit from the main Government COVID-19 support schemes, the new Bounce Back Loan scheme may offer some relief to cash-starved small companies. … [more]
In response to the coronavirus pandemic, the government unveiled an unprecedented support system for employees – the Coronavirus Job Retention Scheme (CJRS). While workers and organisations have generally welcomed the scheme, there are still major … [more]
The 'dividend allowance' was put in place in April 2016 - it means that the first £2,000 of dividends you receive are tax-free. But how does this allowance work in practice for company owners? … [more]
If you have decided to trade via your own limited company, you have to submit an application to Companies House, the registrar of companies. Here, we've listed 10 bits of information you need to collect in advance to ensure your formation can be … [more]
If you decide to buy a car via your own limited company, there are a number of significant tax considerations to take into account. Here we've created a no-nonsense guide to working out the real cost. … [more]
The Government has announced a series of measures to support businesses and people through this period of disruption. Here, the team at Forma has put together an excellent summary of the various schemes, plus a calculator. … [more]
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £4,000 per year. So, can your limited company benefit from this incentive? … [more]
With hundreds of prospective accountancy firms to choose from, this table lists the monthly fees charged by some of the UK’s leading specialist accountants. … [more]
Limited company contractors won't benefit from the new COVID-19 self-employed support package, unveiled by the Chancellor this week. … [more]