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Transferring shares within a contractor limited company
Splitting shares in a contractor limited company can mitigate tax liabilities, but there can be pitfalls, as Phil Richards of Blevins Franks explains.
�ose to split the ownership of the shares in their contracting limited company between themselves and their spou�
Category:
Articles: Limited Companies
| Fri, 13 Mar 2009
Claiming contractor limited company start-up expenses
Contractors can claim all their limited company start-up expenses, but it is essential to keep accurate records to prove the expenses are legitimate.
�Contractors who are starting their contracting career and have just won their first contract, or� �erhaps for incorporating the company or preparing contracts or terms and conditions Marketing costs, such as� �contracting career and have just won their first contract, or existing contractors transferring from other�
Category:
Articles: Limited Companies
| Tue, 11 Aug 2009
Contractor guide to Companies Act changes coming into force on 1 October 2009
The Companies Act 2006 has made sweeping changes affecting every UK limited company, with the final changes coming into force on 1 October 2009.
�ontractors who use a limited company to run their contracting business will already have experienced some of th�
Category:
News
| Thu, 01 Oct 2009
Skype chairman eyes contracting sector as next high-growth opportunity
Skype chairman Michael van Swaaij has an uncanny knack of picking high-growth hits. Good news for his latest investment, new kids on the block Crunch.
�ognised the long-term strategic value of the UK’s contracting sector by choosing contractor services start-up C�
Category:
News
| Mon, 26 Oct 2009
Contractors who take long breaks between contracts should be aware of likely pitfalls
For many limited company contractors, taking long breaks is part of their reason for contracting, but James Abbott warns there can be pitfalls.
�Contractors can take long breaks away from their contracting for many reasons – everything from taking an exte� �, to returning to permanent work for a spell when contracts are thin on the ground. This freedom to take time� �of training courses and short breaks in-between a contract, with ongoing monitoring of emails and calls to a�
Category:
Articles: Limited Companies
| Thu, 27 May 2010
Contractor guide to charging VAT to overseas, non-UK clients
For most contractors whether or not they should charge VAT for overseas non-UK business clients is straightforward, explains Steve Crouch from Crunch.
�Contractors who run their contracting business via a VAT-registered contractor limited� �les follow the General Rules.” Contractors with a contract to work for a non-UK client but who work via a UK�
Category:
Articles: Limited Companies
| Thu, 01 Jul 2010
Closing down your contracting limited company
Discusses the steps to close down your limited company
�nking about returning back to permanent work from contracting , or perhaps moving from a limited company to an� �ella companies. If you are dipping in and out the contract market then the umbrella option is probably a bet�
Category:
Articles: Limited Companies
| Mon, 11 Oct 2010
Online accountants now offer contractors a genuine choice for professional services
Contractors seeking alternatives to expensive meetings with pinstriped professional advisers now have a genuine choice, says Crunch’s Darren Fell.
�ents’ needs. Why should they expect any less from contracting sector service providers? The main contracting se� �customer expectations? Contractors won’t win new contracts if they don’t evolve incredibly swiftly, gain new�
Category:
News
| Wed, 10 Nov 2010
Illegal dividends explained – what are they?
Abbott Moore’s James Abbott explains why contractors must ensure they record profit calculations & the correct paperwork to avoid illegal dividends.
�end.” Abbott says that most one-person mainstream contracting businesses would be unlikely to fall foul of comm� �e unusual for a contractor with a straightforward contract paying ongoing fee income to declare an illegal d�
Category:
Articles: Limited Companies
| Tue, 14 Dec 2010
Contracting company profits - tax issues when investing cash surpluses
Contractors with cash in their businesses may be considering company investments. Expert financial advice is vital, says Abbott Moore’s James Abbott.
�example, created property empires by reinvesting contracting earnings into their business. Others have built s�
Category:
Articles: Limited Companies
| Mon, 21 Feb 2011
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