Are contractors better off using the Flat Rate VAT scheme?
Are limited company contractors generally better off registering for the Flat Rate VAT scheme, or the standard VAT scheme? Includes details of the Limited Cost Trader exclusion.
A contractor’s guide to SIPPs – take control of your retirement
SIPPs offer flexibility, tax efficiency, and a wide range of investment choices, making it attractive for those who want to manage their own retirement pot.
Umbrella companies and agency PSLs – how do they work?
If you've found a contract through a recruitment agency, you'll often be encouraged to use an umbrella on the agency's preferred supplier list (PSL).
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?
IT contractor expenses – what can you claim for?
If you are a contractor, you can offset a range of business expenses against your company's tax bill. Here we look at some typical contractor expenses.
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.
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.
HMRC tax codes – quick guide for limited and umbrella contractors
This guide explains what tax codes are used for, some typical ones, and what to do if you think your code is wrong.
Umbrella companies – how is net take home pay calculated?
We look at how net pay is calculated for PAYE umbrella company employees, following deductions from your assignment (umbrella rate) and gross pay rate.
Key Information Document (KID) – guide for umbrella contractors
All umbrella workers should receive a Key Information Document (KID) from their recruitment agency before starting a new contract.