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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�
Category:
Articles: Limited Companies
| Wed, 30 Nov 2011
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
Transferring shares within a contractor limited company
Splitting shares in a contractor limited company can mitigate tax liabilities, but there can be pitfalls, as Phil Richards of Blevins Franks explains.
�ose to split the ownership of the shares in their contracting limited company between themselves and their spou�
Category:
Articles: Limited Companies
| Fri, 13 Mar 2009
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
Contractors who take long breaks between contracts should be aware of likely pitfalls
For many limited company contractors, taking long breaks is part of their reason for contracting, but James Abbott warns there can be pitfalls.
�Contractors can take long breaks away from their contracting for many reasons – everything from taking an exte� �, to returning to permanent work for a spell when contracts are thin on the ground. This freedom to take time� �of training courses and short breaks in-between a contract, with ongoing monitoring of emails and calls to a�
Category:
Articles: Limited Companies
| Thu, 27 May 2010
Contractor guide to charging VAT to overseas, non-UK clients
For most contractors whether or not they should charge VAT for overseas non-UK business clients is straightforward, explains Steve Crouch from Crunch.
�Contractors who run their contracting business via a VAT-registered contractor limited� �les follow the General Rules.” Contractors with a contract to work for a non-UK client but who work via a UK�
Category:
Articles: Limited Companies
| Thu, 01 Jul 2010
Closing down your contracting limited company
Discusses the steps to close down your limited company
�nking about returning back to permanent work from contracting , or perhaps moving from a limited company to an� �ella companies. If you are dipping in and out the contract market then the umbrella option is probably a bet�
Category:
Articles: Limited Companies
| Mon, 11 Oct 2010
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