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Contractor Doctor: Can my limited company pay for counselling?
Contractors can pay for certain types of counselling without attracting a Benefit in Kind tax charge or employer’s National Insurance Contributions.
�ce a benefit in kind charge.” Good luck with your contracting! Contractor Doctor� �company for over ten years. However, in his last contract my husband was harassed by another contractor, an�
Category: Articles: Contractor Doctor Q+A | Wed, 30 Nov 2011

Contractor doctor: how can I avoid a gap when going from permie to contracting?
Advises a reader how to make a smooth transition from permie to contracting without a gap in working.
�ppraisal I've decided to vote with my feet and go contracting. My notice period is 4 weeks. How should I go abo� �wer your question about when to start looking for contracts, here's a brief suggested action plan and some po� �ised pay rise we'd have retired years ago. In the contract market, this kind of 'promise' of future pay rise�
Category: Articles: Contractor Doctor Q+A | Wed, 21 Dec 2011

Contractor doctor: can I be forced to take time off for xmas?
Unless your contract specifies that you are expected to have periods of suspension, there is no reason why you should be obliged to take time off.
�ithout a reasonable solution. Good luck with your contracting! Contractor Doctor� �ks, Rachel Contractor Doctor replies: Unless your contract specifies that you should expect periods of suspe�
Category: Articles: Contractor Doctor Q+A | Thu, 22 Dec 2011

Dividends and contracting: calculation, payment and taxation
You may take dividends from your limited company whenever you are certain that there are after-tax profits to be divided up. Here's how you calculate them.
�best form of payment for contractors? If you are contracting and running a limited company , the most advantag� �ments? If you believe your revenue is earned from contracts that are inside IR35 , then you must not take div�
Category: Articles: Limited Companies | Thu, 15 Mar 2018

Contractor guide to dividends and dividend tax credits
Contractors pay themselves via a combination of low salary and dividends, but calculating how much income tax to pay on dividends can be complicated.
�into the company or, as is usually the case with contracting businesses, declared as a dividend and distribute�
Category: Articles: Limited Companies | Thu, 03 Apr 2014

How to close your company and extract the profits – paying only 10% tax
Considering closing down your limited company? Securing a Members’ Voluntary Liquidation may be the most efficient way to extract funds. Find out how.
�out how much you could save with an MVL With the contracting sector in a state of flux over the IR35 reforms,� �s possible. Our chosen partner specialises in the contract sector, and can ensure you have access to the ret�
Category: Articles: Limited Companies | Sun, 30 Jan 2022

11 tips for choosing the best contractor accountant
Once you've decided to trade using your own limited company, then choosing a contractor accountant is the next step.
�best trading option for the current stage of your contracting career is a limited company, then choosing a spec� �don't pay tax twice. Some accountants also offer contract reviews, but contractors should ideally consult a�
Category: Articles: Limited Companies | Wed, 22 Nov 2023

Valid expenses as a contractor - what you can claim
We describe in detail what expenses are allowed to be claimed when you are contracting.
�ses you can claim is longer if you are working on contracts which are outside the scope of IR35. What are val� �ses outside of IR35? The expenses allowable for a contract not caught by IR35 would be as follows: The amoun�
Category: Articles: Expenses | Wed, 23 Nov 2005

10 facts you need to know about company dividends
Ltd company contractors find that sharing profits through dividends is more tax-efficient. Here’s everything you need to know about company dividends.
�Contractors mostly run their contracting business through their own limited companies , wh�
Category: Articles: Limited Companies | Wed, 27 Apr 2016

Backdating dividend payments to a previous tax year is asking for trouble
Proper tax planning negates the need to backdate dividends, which is illegal and attracts unwanted attention from HMRC, says Intouch’s Duncan Strike.
�s Whilst it is quite commonplace for directors of contracting companies to declare a dividend and leave the mon�
Category: Articles: Limited Companies | Thu, 02 Jun 2016