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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
Investing your company money in gold
Gold could offer contractors seeking investments for their limited company’s surplus cash a greater return than other investments.
�her investments exceeds their trading income from contract fees, their limited company becomes a ‘close inve�
Category:
Articles: Limited Companies
| Tue, 23 Aug 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�
Category:
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
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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