How to avoid declaring an unlawful / illegal dividend
What happens if your company declares a dividend only to discover that there were insufficient profits at the time to justify such a payment to its shareholders? Read more
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IT contractors and company car tax – with examples
Important tax considerations to bear in mind when deciding whether to buy a company car, or claim a mileage allowance for business use of your own car. Read more
Limited company directors – salary vs. dividends in 2018/19
As a limited company contractor, what is the most tax-efficient salary to pay yourself, and any staff you employ? Read more
Can I reclaim expenses from before I formed my limited company?
You may well have incurred various expenses starting out in the contracting world, before you formed a company. Can you reclaim these costs? Read more
Limited or umbrella company – which is best?
Which trading structure should you use when you start our as an IT contractor? We look at how umbrella and limited companies work in practice. Read more
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. Read more
Self-Assessment tips for for limited company owners
As a company director, you’ll almost certainly have to file a personal tax return for yourself before 31st January 2018. Here we look at what you should, and what you shouldn’t include on your self-assessment return. Read more
How do you know if an accountant is ‘qualified’?
Before you appoint a specialist accountancy firm to look after your contracting books, ensure that you check what qualifications the firm holds. Read more
Why don’t IT contractors set up as sole traders?
The most popular way to start up in business in the UK is as a sole trader. So why do IT contractors avoid this route, and work via their own limited companies or umbrella schemes? Read more
The advantages of contracting direct with clients
During your contracting career, you may have the opportunity to work for a client directly, without the involvement of a recruitment agency. Here we look at the benefits of working direct, and address some of the pitfalls. Read more