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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

Contractors can recover unclaimed travel expenses from past contracts
If a contractor has failed to claim for past travel expenses, these can still be recovered under certain conditions.
�e within the so-called ‘24 month rule’, and which contracts were not covered. Any travel expenses would not b� �, even if they had been legitimately working on a contract for which the travel expenses were eligible. Temp�
Category: Articles: Expenses | Mon, 29 Sept 2008

Is it worth contractors buying a company car?
Even with efficient, low emission cars, most contractors are better off claiming private mileage, says Phil Richards of accountants Blevins Franks.
�to and from their client’s site and use their own contracting limited company have the option of buying a compa�
Category: Articles: Expenses | Tue, 27 Jan 2009

Temporary workplace rules for contractors
Contractors must comply with temporary workplace rules to qualify for travel and subsistence expenses plus tax deductions when travelling to clients.
�fixed term appointment rule – single, standalone contracts The fixed term appointment rule can potentially p� �company’s head office, working on a time-limited contract on the client’s site would appear to qualify as b�
Category: Articles: Expenses | Wed, 21 Aug 2013

Contractor guide to the tax treatment of loyalty schemes and benefits
Contractors can personally ‘spend’ loyalty points from business purchases without a benefit in kind tax charge, explains James Abbott of Abbott Moore.
�ints using a personal loyalty scheme account, the contract employee owns the points, not the employer, which�
Category: Articles: Expenses | Sun, 22 Apr 2012

Transferring shares within a contractor limited company
Splitting shares in a contractor limited company can mitigate tax liabilities, but there can be pitfalls, as Phil Richards of Blevins Franks explains.
�ose to split the ownership of the shares in their contracting limited company between themselves and their spou�
Category: Articles: Limited Companies | Fri, 13 Mar 2009

Hiring a temporary resource – option and issues to consider
Options and issues to consider when deciding to hire a temporary resource.
�for secretarial/administrative functions) or on a contract basis, which commits the agency and worker to wor�
Category: Articles: Limited Companies | Fri, 27 Jul 2007

Opening a company bank account
Advice and guidance for choosing and opening a company account.
�mind your current bank knowing about your future contracting career. When you set up the account you will need�
Category: Articles: Limited Companies | Fri, 03 Aug 2007

Keeping the cash flowing through a contractor limited company
Cash is still very much king and the contractor without money in the bank can come unstuck. The key is keep the cash flowing in the right direction.
�imple systems to keep the cash flowing into their contracting limited company are much less likely to suffer fr� �ure that when they are considering starting a new contract with a new client or agency, they check that thei�
Category: Articles: Limited Companies | Tue, 17 Feb 2009

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