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Contractor guidance on record keeping for HMRC’s Business Record Checks
Contractors can easily ensure their records are in good order if HMRC undertakes a Business Records Check, says InTouch Accounting’s Paul Gough.
�good business practice that support a successful contracting career. HMRC has a team of 120 specialists that i�
Category:
Articles: Limited Companies
| Mon, 21 Nov 2011
Dormant limited companies: guidance on HMRC and Companies House rules for contractors
Contractors maintaining dormant limited companies must abide by rules set out by HMRC and Companies House, explains David Colom of DJ Colom & Co.
�at name Incorporating a company at the start of a contracting career that fails to get off the ground in the fi� �ly working and has no immediate plans to find new contracts. “HMRC is only interested in companies whose acti�
Category:
Articles: Limited Companies
| Tue, 22 Nov 2011
Avoiding the tax issues of transferring assets from limited companies to contractors
Contractors can face unwelcome income tax and employer’s NI charges if they fail to follow the rules when transferring ownership of a company asset.
�sets contractors are likely to acquire from their contracting business, and ensuring payment via a director’s l�
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Articles: Limited Companies
| Wed, 30 Nov 2011
Contractor ESC C16 options for tax efficient limited company closure by 1 March 2012
Contractors have time to close their contracting business tax efficiently using ESC C16 before new rules and a £25k cap come into force on 1 March.
�Contractors can still close their contracting limited company tax efficiently using Extra Statu�
Category:
News
| Wed, 08 Feb 2012
Contracting and claiming statutory sick pay (SSP) for limited company contractors
Contractors can claim statutory sick pay (SSP) from their limited company if taking time off due to illness, explains James Abbott of Abbott Moore.
�rly if there are long-term implications for their contracting business.”� �ing to the policy on sickness in their employment contract, or if the contract does not specify a notificati�
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Articles: Limited Companies
| Mon, 13 Feb 2012
Making your contracting limited company dormant
How to make a limited company dormant and the responsibilities whilst it is dormant.
�es change. If you need to take a short break from contracting contracting to take on fixed employment or to tak� �is means a contractor must not enter into any new contracts using their dormant contractor limited company. T� �ich point you can simply restart trading on a new contract. Should I close my contractor limited company com�
Category:
Articles: Limited Companies
| Tue, 14 Feb 2012
Can the public sector bear the cost of abolishing limited company contractors?
Government abolition of limited company contractors would cost it up to 20% more per worker and force key talent out of the public sector.
�ns. Moving contractors onto fixed-term employment contracts simply increases the cost to the taxpayer but wit� �ermination or moving onto a fixed-term employment contract . “Termination deprives taxpayers of benefiting f�
Category:
News
| Tue, 28 Feb 2012
Contractor Calculator market report - November 2007
IT was stable last month, but construction and engineering took off despite questions about economic growth.
�g to experience a period of growth, buoyed by new contract wins across the sector,'' said Roy Ayliffe, direc�
Category:
News
| Tue, 06 Nov 2007
Contractors get bonanza at olympic games
Britain will spend about £10 billion on the 2012 Olympics, and much of it will go to contractors.
�y exclude such small companies from accessing ODA contracts, through its procurement strategies and procedure� �jects, the ODA intends to use the new engineering contract version 3 (NEC 3) for all major electronics and c�
Category:
News
| Thu, 08 Nov 2007
Contractor calculator market report - December 2007
More dynamic growth was seen this month for IT, engineering and construction, despite a wavering UK economy.
�e study shows that the average hourly rate for IT contracting holds steady at £40 per hour, although it goes up� �esirable ''It would seem that those permanent and contract staff working with C++, JAVA, Oracle, SAP or UNIX�
Category:
News
| Wed, 05 Dec 2007
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