Managed Service Company (MSC) rules: a contractor’s guide
Guide to the Managed Service Company (MSC) legislation. Learn the 2007 rules, five MSCP tests, recent HMRC cases (2019, 2022, Spotlight 67).
How to set up a limited company as a contractor – comprehensive guide
Complete non-nonsense guide to forming a limited company as a contractor. Covers naming, directors, duties, Companies House, certificates, and next steps.
Does my limited company have to appoint a secretary?
Find out if your limited company needs a secretary, what the role involves, and how to appoint or remove one. Includes FAQs.
Limited or umbrella company – which is best for contractors?
Which trading structure should you use when you work as an IT contractor? We look at pros and cons of working via a limited company vs. an umbrella.
Taking a break – how to make your limited company ‘dormant’
There may be a time when you want to take a break from contracting or other business activity, whilst keeping your limited company in an 'inactive' state.
As a company director, can I keep my home address private?
If you don't want a limited company director's residential addresses to appear on the public record, you can provide a service address instead.
Limited company dividend voucher and board meeting minute templates
A company may distribute any retained profit it has made to its shareholders. Board meeting minutes and dividend vouchers must be completed in all cases.
A limited company owner’s guide to the Confirmation Statement
The confirmation statement confirms that all of your company information is accurate and up to date and that your company is compliant with company law.
Why don’t IT contractors set up as sole traders?
A popular way to run a business in the UK is as a sole trader. So why do IT contractors avoid this route? Why won't recruiters work with sole traders?
Contracting via a limited company – advantages and disadvantages
We look at the advantages and disadvantages of contracting via a limited company - a tax efficient option for many, however directors do carry a number of statutory and financial obligations.