What qualifies as a ‘trivial benefit’ according to HMRC and how you can reward your staff and company directors with a simple gift or benefit without them being taxed? Read more
The 2019 loan charge is a retrospective tax law which seeks to collect taxes from anyone who worked via a contractor loan scheme in the past. Read more
Critical illness insurance is a type of policy designed to cover you if you happen to be diagnosed with a serious medical condition. It’s a policy aimed specifically at contractors and other limited company directors. Read more
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. How to make your company dormant. Read more
With so many different products available, how do you know which bookkeeping software is best for your contracting business? Our quick guide provides a few key pointers that should make it easier to decide. Read more
Form P11D details the cash equivalent of benefits and expenses UK-based employers have provided to company directors and employees in a given tax year. It’s a statutory form required by HMRC and has to be submitted annually. Read more
If you want to take out a life insurance policy to protect your dependants should you die, you could benefit from a ‘relevant life’ policy, which is paid for by your limited company, resulting in a significant tax saving. Read more
The balance sheet and profit & loss (P&L) account provide important records of your company’s finances. Both contain similar financial information but there are key differences between the two. Read more
When you incorporate a new company, you will receive a Certificate of Incorporation, which you may be asked to produce at various stages in your business life. Read more
The Government has published a consultation document which may eventually lead to the extension of the April 2017 public sector IR35 rules to all private sector contractors. Read more