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Keeping the cash flowing through a contractor limited company
Cash is still very much king and the contractor without money in the bank can come unstuck. The key is keep the cash flowing in the right direction.
�imple systems to keep the cash flowing into their contracting limited company are much less likely to suffer fr� �ure that when they are considering starting a new contract with a new client or agency, they check that thei�
Category:
Articles: Limited Companies
| Tue, 17 Feb 2009
How contractors should run limited companies
There are a number of issues that contractors should be aware of in running their own limited companies.
�ith your company and expect to walk away from it. Contracting With Your Company There are two main purposes for� �n purposes for your company: the first is to sign contracts with agents or third parties, The second is to ha� �things that people do: borrow money, spend money, contract for services, pay tax, etc. Your personal respons�
Category:
Articles: Limited Companies
| Mon, 04 Feb 2008
Choosing a company name
Choose something catchy and original but avoid using something too specific.
�vice and guidelines. Think long term When you are contracting the client rarely becomes aware of your company n�
Category:
Articles: Limited Companies
| Mon, 31 Mar 2008
Processing fees for fellow contractors should be avoided
Tempting though it might seem to help a friend in need, contractors should resist invoicing on behalf of fellow contractors, as it could backfire.
�the colleague is seeking, then they would need a contract with the contractor’s limited company clearly sta�
Category:
Articles: Limited Companies
| Thu, 02 Oct 2008
No treasury decision yet on managed service companies; lawspeed seminar planned
No decision yet from the Treasury on managed service companies, and changes could be made; Lawspeed plans a seminar for open discussion of the issues with the Revenue
�, impact, how to deal with the issues that arise, contract arrangements, and how to avoid exposure to contra�
Category:
News
| Thu, 22 Feb 2007
Contractors wait in fear for UK budget announcement
UK Contractors await an attack on their industry in the budget announcement on Wednesday 21st March. Billions of pounds are at stake due to the attack on managed service companies.
�unced on Wednesday," says one legal specialist in contracting. A Wave of Protest The managed service company ,� �oup . We are looking at five years of lawsuits UK Contract Lawyer Morris points out that the Government has�
Category:
News
| Mon, 19 Mar 2007
Can contractors claim expenses without receipts?
Contractors often ask how much expenses can be claimed and whether these expenses need receipts?
�e wholly and exclusively for the purposes of your contract. Expenses can potentially be claimed if they are�
Category:
Articles: Expenses
| Tue, 12 Dec 2017
Contractor travel expenses, tax relief and the 24-month rule explained
Contractors can claim travel expenses and benefit from tax relief as long as they stay within the 24-month rule, says Abbott Moore’s James Abbott.
�reset if, for example, a games developer usually contracted with a small number of closely co-located clients� �penses, depending on the type and location of the contract and the time spent working at each client site. E�
Category:
Articles: Expenses
| Thu, 29 Mar 2018
Contractor travel and subsistence expenses rules face wide-ranging Treasury review
Contractor travel and subsistence rules face another wide-ranging review, this time by the Treasury, which proposes further expenses tax relief cuts.
�ty for business could do no further damage to the contracting sector, we are now faced with the possibility of� �fices, tax relief on expenses is what makes these contracts possible, and not prohibitively expensive. What e� �ld only be claimed for the first 24 months of any contract. Furthermore, there are no proposed changes to ho�
Category:
News
| Mon, 28 Sept 2015
Contractor clients urged to support fight against contractor T&S restrictions
Contracting stakeholders are appealing for contractor clients to help gather evidence on the negative impact T&S restrictions will place on UK plc.
�egislation comes into effect on 6 April 2016. Key contracting stakeholders – including the Confederation of Bri�
Category:
News
| Mon, 25 Jan 2016
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