Search Results

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

Limited company contractors with contracts inside and outside IR35
Having contracts both inside and outside need not be complicated for you to deal with.
�An occupational hazard of contracting is that some contractors find themselves working� �ctors find themselves working on a combination of contracts both inside and outside of the IR35 tax legislati� �lations. “Contractors who have earned income on a contract that was within IR35 must calculate the deemed pa�
Category: Articles: Limited Companies | Wed, 02 Dec 2009

Extracting profits tax efficiently from a limited company
Contractors can choose from a range of strategies to extract profits tax efficiently from their limited company, explains Abbott Moore’s James Abbott.
�– if they are not doing so, they should move to a contract that is outside IR35 Decide on a suitable salary�
Category: Articles: Limited Companies | Wed, 30 Jul 2014

Dormant company accounts – filing example
Contractors who have a dormant limited company must continue to file basic company information, including abbreviated accounts, with Companies House.
�quired by the Registrar of Companies. Making your contracting limited company dormant is a straightforward proc� �natively, a contractor may be offered a lucrative contract that is inside IR35 and decides to trade via an u�
Category: Articles: Limited Companies | Mon, 23 Feb 2015

How to protect your business bank account savings with FSCS
Contractors qualify as small businesses under Financial Services Compensation Scheme rules so business bank account cash up to £85,000 is protected.
�ing sums to cover ‘holiday pay’ and spells out of contract, contractors can very quickly accumulate large ca�
Category: Articles: Limited Companies | Wed, 20 Jan 2016

Contractor guide to Section 1030A distributions (ESC C16) closing a limited company
Contractors can extract cash tax efficiently as capital when closing their limited companies, by using Section1030A distributions (formerly ESC C16).
�rs traditionally applied ESC C16 and closed their contracting business because of retirement or securing long-t�
Category: Articles: Limited Companies | Sun, 01 Apr 2012

Contractor limited company formation versus set up and preparing for trade
Contractors wishing to use a limited company can choose between a basic formation service or an existing entity that’s registered and ready to trade.
�tors may require. Using an accountant to set up a contracting business is more expensive, but can include items�
Category: Articles: Limited Companies | Fri, 04 May 2012

Choosing an online contractor accountant or accountancy software – checklist download
Contractors can choose the online contractor accountant or accountancy software that suits the needs of their contracting business using this free che
�ct the service that best suits the needs of their contracting business. Online contractor accountancy providers�
Category: Articles: Limited Companies | Sun, 13 May 2012

Contracting businesses: growth and exit strategies for contractors
Contractors seeking to grow and exit their contracting business need to plan and implement a strategy.
�when to ask for help. Chances are you’ve already contracted in a team like this at some point in your contrac� �you are seeking to grow and ultimately exit your contracting business, you need to create a strategy that will�
Category: Articles: Limited Companies | Tue, 09 Oct 2012

Tax efficient distribution of contractor funds using members’ voluntary liquidation
Contractors closing a limited company with cash in excess of £50,000 can use a members’ voluntary liquidation (MVL) to extract funds tax efficiently.
�ontractors to consider exit strategies from their contracting business well before the end of their company’s l�
Category: Articles: Limited Companies | Thu, 31 Jan 2013