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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�
Category:
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�
Category:
Articles: Limited Companies
| Mon, 21 Feb 2011
Closing a contractor limited company tax efficiently using ESC C16
Contractors can dissolve their contractor limited company, taking the remaining funds tax efficiently using ESC C16, says Abbott Moore’s James Abbott
�might be planning to take a long break from their contracting career, are retiring or just taking up a permanen�
Category:
Articles: Limited Companies
| Mon, 15 Feb 2010
Contractors and the rise of the online contractor accountant
Online contractor accountants are driving a paradigm shift in the way that contractors can record and manage their bookkeeping, accounts and tax.
�an take complete control of every aspect of their contracting business in real time by using an online accounta�
Category:
Articles: Limited Companies
| Thu, 04 Mar 2010
What contractors need to know about investing through their contractor ltd company
Contractors can build up large sums in their limited company, but James Abbott of Abbott Moore warns that investing this cash can mean higher taxes.
�Contractors enjoying a stream of lucrative contracts can easily find large cash balances building up i�
Category:
Articles: Limited Companies
| Wed, 10 Mar 2010
Tax issues for contractors who save large sums of money in their limited companies
Abbott Moore’s James Abbott explains why building up a large cash balance in a contractor limited company can end up costing contractors more tax.
�aditionally considered one of the benefits of the contracting lifestyle to be periods of high earnings interspe� �ctors is to decide to work non-stop on high value contracts for five years and pay themselves tax efficiently� �find work, but are clearly and actively seeking a contract on behalf of the company, then they can live off�
Category:
Articles: Limited Companies
| Tue, 30 Mar 2010
How to set up and incorporate a contractor limited company online
Contractors choosing a limited company as their trading option can quickly and cost effectively incorporate online, using a range of options.
�Contractors who have just won their first contract, or are switching from an umbrella company or oth�
Category:
Articles: Limited Companies
| Wed, 07 Apr 2010
Hiring a temporary resource – option and issues to consider
Options and issues to consider when deciding to hire a temporary resource.
�for secretarial/administrative functions) or on a contract basis, which commits the agency and worker to wor�
Category:
Articles: Limited Companies
| Fri, 27 Jul 2007
Opening a company bank account
Advice and guidance for choosing and opening a company account.
�mind your current bank knowing about your future contracting career. When you set up the account you will need�
Category:
Articles: Limited Companies
| Fri, 03 Aug 2007
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
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