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How contractors should run limited companies
There are a number of issues that contractors should be aware of in running their own limited companies.
…ith your company and expect to walk away from it. Contracting With Your Company There are two main purposes for… …n purposes for your company: the first is to sign contracts with agents or third parties, The second is to ha… …things that people do: borrow money, spend money, contract for services, pay tax, etc. Your personal respons…
Category:
Articles: Limited Companies
| Mon, 04 Feb 2008
Choosing a company name
Choose something catchy and original but avoid using something too specific.
…vice and guidelines. Think long term When you are contracting the client rarely becomes aware of your company n…
Category:
Articles: Limited Companies
| Mon, 31 Mar 2008
Processing fees for fellow contractors should be avoided
Tempting though it might seem to help a friend in need, contractors should resist invoicing on behalf of fellow contractors, as it could backfire.
…the colleague is seeking, then they would need a contract with the contractor’s limited company clearly sta…
Category:
Articles: Limited Companies
| Thu, 02 Oct 2008
Contractors may find limited liability partnerships useful
A Limited Liability Partnership may have value for contractors. But a limited company is probably more useful.
…hing a limited company can do: own property, sign contracts, incur debts, etc. Liability is limited to the mo…
Category:
Articles: Limited Companies
| Tue, 11 Sept 2007
Taking on your first employee - financial and legal issues
Consideration when deciding to expand your contracting business by taking on an employee.
…e benefits in kind as part of the salary package. Contract of employment You should provide your employee wi…
Category:
Articles: Limited Companies
| Fri, 26 Oct 2007
Working with foreign and offshore companies
Financial aspects to consider when dealing with companies outside of the UK.
…VAT Matters If you work in the UK and supply your contracting services for a client in an EU country then you a… …the UK. There are three aspects to consider: VAT Contracts abroad Engaging foreign workers VAT Matters If yo… …troduction As a contractor, you might need to sub contract work to a foreign company, or provide contract se…
Category:
Articles: Limited Companies
| Fri, 02 Nov 2007
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…
Category:
Articles: Limited Companies
| Tue, 26 Apr 2011
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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