To ensure that any contracts you undertake are not deemed inside IR35, you need to be able to demonstrate that you are not a disguised employee, but truly working in the manner of a small business owner. In other words, can you show that you are ‘in … [more]
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There is a huge amount of information available about IR35 and how to protect yourself. But what happens if you are actually selected for an investigation in the post-IR35 reform world? How does an IR35 enquiry work now and what should you expect if … [more]
Most limited company directors draw down funds as a mixture of salary and dividends - typically a tax-efficient salary, with any retained profits declared as dividends to shareholders. What is the optimum director's salary for 2022/23? … [more]
The profits generated by UK companies of all sizes can be distributed to shareholders as dividends. Limited company professionals, such as contractors and consultants, typically draw down the bulk of their earnings in the form of dividends. … [more]
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £5,000 per year. So, can your limited company benefit from this incentive? … [more]
If your salary is above the current thresholds, both you and your company must pay National Insurance Contributions to HMRC. … [more]
The Managed Service Company (MSC) legislation has made the headlines once again - in 2022 - as several contractor accountancy firms - and their clients - are being investigated by HMRC. … [more]
The Chancellor announced a number of tax changes during the March Spring Statement - most notably a rise in the threshold before employees are liable to pay National Insurance Contributions. … [more]
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]
Doing your accounts will probably never become your favourite task. But accounting software may make you less prone to wanting to pull your hair out. Even if you’re not a numbers whiz. … [more]