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Limited company or umbrella – how to choose the best payment option
Key differences explained. Learn the pros and cons of each payment option and decide which one is best for starting your contracting career.
�Payment structure options When you plan to start contracting you will need to set up a way to get paid. And as� �he third party umbrella company bank account. For contracts earning revenue outside IR35 there is a significa� �s not in any way influence the IR35 status of the contract or modus operandi of the working arrangements. Th�
Category:
Articles: Limited Companies
| Tue, 27 Sept 2016
10 questions to ask a specialist contractor accountant
You should ask these 10 questions to check whether an accountant is a contracting expert before signing up.
�You should check your potential accountant is a contracting expert prior to signing up to their services. Jam� �e. 6. Can you explain how expenses will work if I contract through my own limited company? Contractors are n�
Category:
Articles: Limited Companies
| Fri, 30 Sept 2016
Penalties incurred for late filing of forms
Running a limited company for contracting means you need to file certain forms each year, or else you could face sizeable penalties costing thousands.
�director of your own limited company to run your contracting means you are subject to company and tax law. If�
Category:
Articles: Limited Companies
| Thu, 15 Jun 2017
6 tips for choosing an accountant for your limited company
Decided to use a limited company for your contracting? Then you'll need a specialist accountant. Here are 6 tips on how to find and choose one.
�Have you decided to start contracting using a limited company? Then you will need to ge�
Category:
Articles: Limited Companies
| Wed, 04 Oct 2017
How to prepare an invoice - examples and templates
How to prepare an invoice. Examples and templates.
�choose an accounting firm who specialises in the contracting industry - see our 10 tips for choosing an accoun� �s could result in the client claiming a breach of contract . The first step is to speak to the client, befor�
Category:
Articles: Limited Companies
| Mon, 06 Nov 2017
Moving from a limited company to an umbrella: reasons and practicalities.
Had enough of running your limited company? Find out why some contractors prefer to use an umbrella.
�ract within that company. IR35 issues If all your contracts are caught by IR35 , then running a limited compa� �potential reasons why you would wish to move your contract/working arrangements from your own limited compan�
Category:
Articles: Limited Companies
| Thu, 07 Dec 2017
Contractor guide to splitting dividends
Splitting dividends with a spouse to maximise contracting income used to be the norm, but the Arctic Systems case changed the rules.
�eived by the taxman as ‘systemic tax avoidance by contracting couples’, HMRC dusted off the little known Sectio� �ctors running their own limited company and whose contracts are outside IR35 have often maximised net income� �plus marketing, which might include searching for contract opportunities and running the company website. Jo�
Category:
Articles: Limited Companies
| Thu, 14 Dec 2017
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
Contractor guide to Companies Act changes coming into force on 1 October 2009
The Companies Act 2006 has made sweeping changes affecting every UK limited company, with the final changes coming into force on 1 October 2009.
�ontractors who use a limited company to run their contracting business will already have experienced some of th�
Category:
News
| Thu, 01 Oct 2009
Skype chairman eyes contracting sector as next high-growth opportunity
Skype chairman Michael van Swaaij has an uncanny knack of picking high-growth hits. Good news for his latest investment, new kids on the block Crunch.
�ognised the long-term strategic value of the UK’s contracting sector by choosing contractor services start-up C�
Category:
News
| Mon, 26 Oct 2009
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