IT Contractor Tax - Accountants for Contractors

Guide to limited company expenses
As a limited company contractor, your company can claim a wide range of expenses against profits - from director's salaries to the cost of IT training.

National Insurance (NIC) guide for contractors and freelancers
National Insurance Contributions guide for contractors and freelancers, updated with 2012/13 rates.

Tax rates and allowances for 2012/13
Here are the business and individual tax rates, bands and allowances for the 2012/13 tax year.

What contractors can expect from Budget 2012
What can contractors expect from Budget 2012? Will the 50p tax band stay or go? Will there be any IR35 announcements?

Budget 2012 - The problem with taxing the rich more
For centuries, successive UK Governments have grappled with the problems of raising more taxes from the better off in society. We look at George Osborne's options ahead of Budget 2012.

Contractor accountant gives his Budget 2012 predictions
Martin Hesketh, MD of Brookson, looks at some of the issues George Osborne will need to consider ahead of the Budget on 21st March.

HMRC extends tax exemption to smartphones
HMRC has deemed that smartphones can now have the same tax treatment as mobile phones, so benefit in kind charges will no longer apply.

Contractors set to pay more tax when dissolving a company, as ESC C16 changes are enacted
Changes to the ESC C16 rules have now been enacted by the Commons, meaning that contractors closing their limited companies will have to pay more tax when making a final distribution from 1st March 2012.

Dividends - how often should I take them, and when are they actually taxed?
We explore two of the questions most often asked by limited company contractors - involving the timing, and tax point of dividend declarations.

Self assessment on limited company dividend income
A contractor recently sent in an question asking whether or not his wife needs to register to fill in a tax return, even though no tax will be payable on her dividend income.

Limited company shareholders - changes to ESC C16 rules from March 2012
HMRC has announced that changes are to be made to the tax treatment of shareholder distributions when a limited company is wound up.

How much should limited company contractors set aside for income tax?
If you are a limited company director, how much money should you put aside to settle your personal tax bill each year?

Common sense self assessment tips for contractors
Some useful personal tax return tips for contractors to ensure you complete your self assessment form accurately and on time.

Can you reclaim the cost of home broadband from your limited company?
In the latest of our series on limited company expenses, we look at tax treatment of broadband installed at home.

Christmas party expenses guidelines for contractors
Although most contractors work as one or two-man limited companies, with no other employees, you are allowed to claim back the costs of an annual party for your staff, as long as you follow the HMRC guidelines carefully.