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 →
Many contractors buy equipment, software or services before registering their company for VAT. Provided certain conditions are met, the VAT can often be reclaimed once registration is complete. … [more]
A number of key factors are used to establish employment status - whether an individual's contract work is caught by IR35 or not. … [more]
For a long time, many recruitment agencies viewed umbrella compliance as something sitting slightly outside their immediate control. This was ultimately manageable through supplier agreements, annual reviews and a degree of trust in the providers … [more]
HMRC has issued a warning to umbrella employees and recruiters over the growing emergence of so-called “Bills of Exchange” schemes, which are being marketed as a way to avoid or settle tax liabilities. … [more]
Every UK limited company and LLP must file a confirmation statement with Companies House at least once every 12 months, confirming that the information held on the public register is still correct and up to date. … [more]
Bad debt relief allows a limited company to reduce its taxable profits where invoices are unlikely to be paid, helping contractors avoid paying Corporation Tax on income they may never actually receive. … [more]
HMRC's new MTD for ITSA regime is now live. If you operate through a limited company, the good news is that this almost certainly doesn't affect you - but almost isn't the same as definitely. … [more]
It’s not unusual to spot a mistake after your company accounts have been filed. This could be anything from something minor to forgetting to include income or expenses before your accounts were prepared. … [more]
The off-payroll working rules in the private sector present many challenges for contractors, agencies, and end-clients. Here we answer the most common questions about how Chapter 10 works in practice. The rules have applied in the public sector since … [more]
With costs rising across the board, it makes sense to review your business outlays. Accountancy fees are one of the regular costs that most limited company directors can’t avoid. … [more]
