When it comes to paying dividends to shareholders, the first thing a company's directors should do is to check how much profit is available to be distributed. But what happens if you have overpaid dividends? … [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.
If you are caught by the off-payroll IR35 rules, you may decide that there is no point keeping your limited company active. However, this isn't necessarily the case, as a leading accountant explains. … [more]
The basics of IR35 should be understood by everyone in the contracting community at a fundamental level, as the rules have such a profound impact on take-home pay if you are caught. Here, an expert answers our questions on employment status - does … [more]
If you're working through an umbrella company, you may have noticed deductions on your payslip for the Apprenticeship Levy. Here we explain what this charge is, and how it is calculated. … [more]
The draft legislation which will make the off-payroll private sector IR35 rules law in April 2020 has been published today. With few amendments made, it disregards the concerns expressed by respondents to the recent consultation. … [more]
When the 'off-payroll' IR35 rules are extended to the private sector in April 2020, 'small companies' will be excluded as things currently stand. However, the exclusion itself may cause more complications for clients to deal with. … [more]
What should contractors do to appear more business-like? It is surprisingly easy to create a professional business identity these days - thanks, in no small part, to web technology. … [more]
Today, ten contracting organisations signed a joint letter to the two Conservative leadership candidates, asking them to urgently reconsider two damaging pieces of legislation - IR35 (off-payroll) and the Loan Charge. … [more]
Many major tax and business groups have called for the IR35 off-payroll private sector reforms to be delayed until at least April 2021, as businesses simply won't be ready to cope with the changes as things stand. … [more]
As a contractor, your client may require you to travel as part of your contract duties - whether this involves a quick meeting on the other side of London, or an international trip for a week. … [more]