Although the Intermediaries Legislation was created to target alleged disguised employment by limited company directors, how are sole traders affected by IR35?
If you are considering closing down your limited company - possibly as a result of the April 2021 'Off-Payroll' changes in the private sector - what is the most tax-efficient way of achieving this goal?
Although most contractors work as one or two-man limited companies, with no other employees, you are allowed to claim back the costs of an annual party for your staff.
The different options you will face when shutting down your company - keeping the company 'ticking along', applying for a voluntary strike off, or a members voluntary liquidation.
When you’re working as a contractor you’ll more than likely need to use your own vehicle for work travel at some point. Here we look at how you can claim fixed HMRC mileage costs - and which costs you cannot claim back.