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
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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
Relevant Life Insurance – tax efficient cover for limited company owners
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
6 benefits of online accounting for both contractors and accountants
As a limited company contractor, you’re busy, so you need a system which can keep up with your accounting needs. But does this take on the form of a spreadsheet or online accountancy software? Read more
Umbrella company payslips – what is the Apprenticeship Levy?
If you are working via a PAYE umbrella company, you may have noticed a deduction for the Apprenticeship Levy on our payslips. Here we explain what this deduction is, and why you are paying it. Read more
Making Tax Digital for VAT – is your limited company affected?
The main aim of Making Tax Digital (MTD) is to simplify tax reporting for businesses. MTD for VAT was rolled out on 1st April 2019 for VAT-registered limited companies which have taxable turnover above the £85,000 registration threshold. Read more
Contractor accountant fees – what are the typical costs?
You can pay anything from £50 to £150 per month for a contractor accountant. So what should this monthly fee include, and what ‘extras’ might you have to pay? Read more