Search Results

Setting up a limited company
This article discusses the practicalities of setting up your own limited company to use as a payment structure whilst contracting.
�ount of your salary Help determine and agree your IR35 status Establish shareholding structure Deal with�
Category: Articles: Limited Companies | Wed, 16 Nov 2005

Why contractors make more money than employees
Employees make less money than contractors. It’s that simple. Taxes and the inability to deduct expenses take a terrible toll on what employees earn. Contractors don’t have these burdens.
�es the necessary steps to ensure they are outside IR35 . The cost to the company is the same. The contra�
Category: Articles: First timers | Mon, 21 Aug 2017

Advantages and disadvantages of contracting
Contracting offers skilled knowledge workers much more than the opportunity to substantially increase their earnings, although pay’s a major factor.
�minimise the time you spend running your business IR35: This is a limited-company-contractor-focused pie�
Category: Articles: First timers | Thu, 12 Oct 2017

How National Insurance Contributions (NICs) are calculated
Contractors may be liable to pay National Insurance Contributions (NICs). Calculating how much should be paid depends on the nature of their earnings.
�Most limited company contractors working outside IR35 pay little or no NICs because they pay themselves�
Category: Articles: Tax Issues | Thu, 02 May 2013

Contracting and subcontractors: tax, VAT and employment issues
Contractors subcontracting client work to other contractors should be aware of the tax, VAT and employment issues, says James Abbott of Baker Watkin.
�reclassification of employment status because of IR35 must be paid by the subcontracted contractor. Thi�
Category: Articles: Limited Companies | Mon, 30 May 2011

Contractor dividend strategies and administration for limited company contractors
HMRC can deem a dividend as salary and tax it accordingly if the correct paperwork is allowed to lapse, warns James Abbott of Abbott Moore.
�enalties. “Limited company contractors outside of IR35 will usually pay themselves a low salary and the�
Category: Articles: Limited Companies | Tue, 15 Dec 2009

Contractor guidance on record keeping for HMRC’s Business Record Checks
Contractors can easily ensure their records are in good order if HMRC undertakes a Business Records Check, says InTouch Accounting’s Paul Gough.
�rn (PAYE) compliance review, and possibly also an IR35 investigation.” Gough’s good recordkeeping checkl�
Category: Articles: Limited Companies | Mon, 21 Nov 2011

Spending contractor limited company profits tax efficiently
According to Duncan Strike of Quay Accounting, contractors should be looking closer to home when deciding how to spend the cash in their business.
�for which contractors should put aside money, is IR35 . As he says, “We all know that contractors’ past�
Category: Articles: Limited Companies | Mon, 09 Mar 2009

Contractor doctor: can expenses be claimed for entertainment?
Answers a question from a reader about the rules for claiming entertainment expenses.
�ractor is a genuine business outside the scope of IR35 with the costs of marketing that every business h�
Category: Articles: Contractor Doctor Q+A | Thu, 19 Apr 2012

Contractor Doctor: Do I have rights if my contract’s terminated because I’m pregnant?
Limited company contractors terminated due to pregnancy can sue for discrimination, but there’s a tax sting in the tail.
�aken into account when awarding compensation. The IR35 sting in the tail However, although the contracto�
Category: Articles: Contractor Doctor Q+A | Thu, 01 May 2014