Many contractors consider price to be a key factor when choosing an umbrella company. We look at typical umbrella company fees charged by providers, and why you should look at additional factors before signing up. Read more
Use our salary and dividends calculator to work out how much additional tax you will have to pay on dividends drawn down from your limited company. Read more
You might have heard your accountant mention a “director’s loan account” in your limited company. What do they mean, and is this something you need to be concerned about? Read more
A guide to dividends for contractors. How much income you draw down as dividends, when to distribute them, and what paperwork you need to complete. Read more
If it is eligible, you company may be able to reclaim up to £4,000 of Employers’ National Insurance Contributions (NICs) from HMRC each year, thanks to the Employment Allowance. Read more
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
Both your company, and its employees are liable to pay National Insurance Contributions on all salaries paid to staff. Here we look at how the rates are calculated. Read more
A key change you must become accustomed to as a contractor is that tax will no longer be deducted at source. Therefore, you’ll need to set aside money to pay this in your tax return, which is where ‘payments on account’ come into play. Read more
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. Read more
You may have heard of the controversial tax rule which reduces the amount of child benefit you are entitled to keep if you (or your partner) earns above £50,000 each year. Read more