Benefits in kind are benefits which employees or directors receive from their employment but which are not included in their salary or wages. An expert explains further.
Varying incomes and a lack of financial security can put a strain on the cash flow of some contractors. Things may be even worse if you are stuck with a client who delays payment or even refuses to pay at all.
In an attempt to put pay to the promotion of tax avoidance schemes aimed at contractors, amendments have been made to existing legislation which will require recruiters to supply specific information to HMRC about their workers.
The ability to successfully negotiate your contract rate with clients and agents will serve you well in your career as a contractor. Here are some things to bear in mind when working out how much to charge for your skills.
If you are embarking upon a career as a limited company contractor, you need to follow a number of steps before you can start trading.
If you are a limited company shareholder, how do you calculate the personal tax payable on dividends you receive?
In this piece, we look at the measures contractors can take to protect their business assets via practical and technical methods.
A specialist accountant will provide a number of services to look after the tax and accounting needs of your limited company. Here we look at the typical tasks they undertake for a monthly fee.
January 16, 2015
If you are considering closing down the company you have used for contracting, we look at how any remaining profits can be extracted in a tax efficient way.
Use our new salary and dividends calculator to work out how much additional tax you will have to pay on dividends drawn down from your limited company.