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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�
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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�
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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�
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Articles: Limited Companies
| Mon, 21 Feb 2011
Contractor guide to how online accountants manage tax and company year-ends
Contractors need no longer complete numerous forms, as online accountants largely automate end of tax and company year processes, says Carl Danvers.
�er relevant. “Because a contractor managing their contracting business via an online accountant maintains ongoi�
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Articles: Limited Companies
| Tue, 26 Apr 2011
Contracting limited companies: top questions contractors ask their accountants
Answers to the most common questions contractors ask their accountants are explored by Derek Kelly of contractor accountant ClearSky.
�rtner, will.” 5. What happens when I am no longer contracting? Kelly warns contractors that running a limited c� �ice before making any serious decisions. 8. Is my contract IR35 friendly? A contract might be IR35 friendly�
Category:
Articles: Limited Companies
| Thu, 28 Apr 2011
P35 Employer Annual Return service company question and IR35 - contractor guide
Working through your own limited company means you must complete a P35, including the service company question.
�Contractors who contract through their own limited company must complete a�
Category:
Articles: Limited Companies
| Tue, 17 May 2011
Contracting and subcontractors: tax, VAT and employment issues
Contractors subcontracting client work to other contractors should be aware of the tax, VAT and employment issues, says James Abbott of Baker Watkin.
�added tax ( VAT ). “A contractor may be earning a contracting income that keeps them just below the VAT registr� �ing the law.” Other factors: employees’ expenses, contracts and the ‘hassle factor’ Although there are no rul� �frequently no written agreement. Putting a proper contract in place is essential. It should be prepared by a�
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Articles: Limited Companies
| Mon, 30 May 2011
Contracting via a limited company: Preparing to trade
Contracting via a limited company requires a bank account and registration with HMRC before trading can start, explains InTouch’s Clare Rickman.
�Contracting via a limited company is straightforward, but, sa� �Before a contractor can start work on their first contract and begin trading, the new company should: open a�
Category:
Articles: Limited Companies
| Mon, 25 Jul 2011
Contracting via a limited company. An overview of the start-up process
Contracting via a limited company is straightforward, as long as contractors get the basics right from the outset, says InTouch’s Clare Rickman.
�Contracting via a limited company can be straightforward, as� �g to earn over £30,000 per year in fees, or their contract is inside IR35 , then a limited company may not b�
Category:
Articles: Limited Companies
| Wed, 27 Jul 2011
Investing your company money in gold
Gold could offer contractors seeking investments for their limited company’s surplus cash a greater return than other investments.
�her investments exceeds their trading income from contract fees, their limited company becomes a ‘close inve�
Category:
Articles: Limited Companies
| Tue, 23 Aug 2011
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