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10 facts you need to know about company dividends
Ltd company contractors find that sharing profits through dividends is more tax-efficient. Here’s everything you need to know about company dividends.
…Contractors mostly run their contracting business through their own limited companies , wh…
Category: Articles: Limited Companies | Wed, 27 Apr 2016

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

Making your contracting limited company dormant
How to make a limited company dormant and the responsibilities whilst it is dormant.
…es change. If you need to take a short break from contracting contracting to take on fixed employment or to tak… …is means a contractor must not enter into any new contracts using their dormant contractor limited company. T… …ich point you can simply restart trading on a new contract. Should I close my contractor limited company com…
Category: Articles: Limited Companies | Tue, 14 Feb 2012

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

Contractor guide to Section 1030A distributions (ESC C16) closing a limited company
Contractors can extract cash tax efficiently as capital when closing their limited companies, by using Section1030A distributions (formerly ESC C16).
…rs traditionally applied ESC C16 and closed their contracting business because of retirement or securing long-t…
Category: Articles: Limited Companies | Sun, 01 Apr 2012

Contractor limited company formation versus set up and preparing for trade
Contractors wishing to use a limited company can choose between a basic formation service or an existing entity that’s registered and ready to trade.
…tors may require. Using an accountant to set up a contracting business is more expensive, but can include items…
Category: Articles: Limited Companies | Fri, 04 May 2012

Choosing an online contractor accountant or accountancy software – checklist download
Contractors can choose the online contractor accountant or accountancy software that suits the needs of their contracting business using this free che
…ct the service that best suits the needs of their contracting business. Online contractor accountancy providers…
Category: Articles: Limited Companies | Sun, 13 May 2012

Contracting businesses: growth and exit strategies for contractors
Contractors seeking to grow and exit their contracting business need to plan and implement a strategy.
…when to ask for help. Chances are you’ve already contracted in a team like this at some point in your contrac… …you are seeking to grow and ultimately exit your contracting business, you need to create a strategy that will…
Category: Articles: Limited Companies | Tue, 09 Oct 2012

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