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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 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

Illegal dividends explained – what are they?
Abbott Moore’s James Abbott explains why contractors must ensure they record profit calculations & the correct paperwork to avoid illegal dividends.
�end.” Abbott says that most one-person mainstream contracting businesses would be unlikely to fall foul of comm� �e unusual for a contractor with a straightforward contract paying ongoing fee income to declare an illegal d�
Category: Articles: Limited Companies | Tue, 14 Dec 2010

Contracting company profits - tax issues when investing cash surpluses
Contractors with cash in their businesses may be considering company investments. Expert financial advice is vital, says Abbott Moore’s James Abbott.
�example, created property empires by reinvesting contracting earnings into their business. Others have built s�
Category: Articles: Limited Companies | Mon, 21 Feb 2011

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

Closing a contractor limited company tax efficiently using ESC C16
Contractors can dissolve their contractor limited company, taking the remaining funds tax efficiently using ESC C16, says Abbott Moore’s James Abbott
�might be planning to take a long break from their contracting career, are retiring or just taking up a permanen�
Category: Articles: Limited Companies | Mon, 15 Feb 2010

Contractors and the rise of the online contractor accountant
Online contractor accountants are driving a paradigm shift in the way that contractors can record and manage their bookkeeping, accounts and tax.
�an take complete control of every aspect of their contracting business in real time by using an online accounta�
Category: Articles: Limited Companies | Thu, 04 Mar 2010