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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

Limited company contractors with contracts inside and outside IR35
Having contracts both inside and outside need not be complicated for you to deal with.
�An occupational hazard of contracting is that some contractors find themselves working� �ctors find themselves working on a combination of contracts both inside and outside of the IR35 tax legislati� �lations. “Contractors who have earned income on a contract that was within IR35 must calculate the deemed pa�
Category: Articles: Limited Companies | Wed, 02 Dec 2009

Extracting profits tax efficiently from a limited company
Contractors can choose from a range of strategies to extract profits tax efficiently from their limited company, explains Abbott Moore’s James Abbott.
�– if they are not doing so, they should move to a contract that is outside IR35 Decide on a suitable salary�
Category: Articles: Limited Companies | Wed, 30 Jul 2014

Dormant company accounts – filing example
Contractors who have a dormant limited company must continue to file basic company information, including abbreviated accounts, with Companies House.
�quired by the Registrar of Companies. Making your contracting limited company dormant is a straightforward proc� �natively, a contractor may be offered a lucrative contract that is inside IR35 and decides to trade via an u�
Category: Articles: Limited Companies | Mon, 23 Feb 2015

How to protect your business bank account savings with FSCS
Contractors qualify as small businesses under Financial Services Compensation Scheme rules so business bank account cash up to £85,000 is protected.
�ing sums to cover ‘holiday pay’ and spells out of contract, contractors can very quickly accumulate large ca�
Category: Articles: Limited Companies | Wed, 20 Jan 2016