Can anyone become a limited company director?
The UK has one of the most unrestricted company formation regimes in the world, however not everyone is allowed to become a company director. Read more
Providing Contractor Guides and News for 12+ Years
- We have everything you need to set up in business as a contractor.
- To get started, try this guide - How to Become a Contractor.
- For 100s more guides and calculators, visit our main site - ITContracting.com.
IR35 insurance – tax investigation cover for contractors
IR35 insurance will cover the professional costs of any tax investigation, and even any tax and national insurance liabilities you are subsequently found to owe following an HMRC enquiry. Read more
How are entertainment expenses treated for tax purposes?
The rules surrounding entertainment expenses are fairly complicated, so it’s important to be aware of the tax implications and reliefs available to your business before you pay for anything. This will ensure there are no nasty surprises at tax year end. Read more
April 2020 off-payroll IR35 private sector rules – the basics
From April 2020 onwards, new ‘off-payroll’ rules will be applied to private sector contractors. Here we explain what the new rules mean, and how you can prepare in advance of the implementation date. Read more
How does a PAYE umbrella company work?
How does a PAYE umbrella company scheme work in practice? We look at the steps from signing up, to submitting your timesheets, getting paid, and how expenses are dealt with. Read more
Do you have to appoint an accountant for your limited company?
When you set up in business as a limited company contractor, do you have to appoint an accountant? What are the benefits? Read more
What are ‘capital allowances’ and how do they work?
When you buy certain things (assets) for your business, such as computer equipment, your company can claim ‘capital allowances’ on the value of these assets – and deduct the value from your profits before tax is calculated. Read more
Will your new accountant charge to form a limited company?
Most accountants can set up a limited company on your behalf, either for free if you’re appointing them as your accountant, or for a fixed fee. Read more
Does IR35 apply to sole traders?
Although the Intermediaries Legislation was created to target alleged disguised employment by limited company directors, how are sole traders affected by IR35? Read more
I’m moving home for a new contract – can I claim relocation expenses?
Changing your main residence for a new contract could mean it’s possible to claim a wide range of relocation expenses. These costs are exempt from tax and national insurance if they are considered ‘qualifying’ costs. Read more