Dividend Calculator – How much tax will you pay?
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
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.
Balance Sheet and Profit & Loss Account – What are they?
The balance sheet and profit & loss (P&L) account provide important records of your company’s finances. Both contain similar financial information but there are key differences between the two. Read more
Company formation – the Certificate of Incorporation
When you incorporate a new company, you will receive a Certificate of Incorporation, which you may be asked to produce at various stages in your business life. Read more
Will IR35 off-payroll rules be extended to the private sector?
The Government has published a consultation document which may eventually lead to the extension of the April 2017 public sector IR35 rules to all private sector contractors. Read more
How to avoid declaring an unlawful / illegal dividend
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
How can you find umbrella company reviews?
Before you join an umbrella company, you will most likely seek out recommendations before signing on the dotted line. So, how do you find umbrella company reviews in the first place? Read more
IT contractors and company car tax – with examples
Important tax considerations to bear in mind when deciding whether to buy a company car, or claim a mileage allowance for business use of your own car. Read more
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? Read more
Limited or umbrella company – which is best?
Which trading structure should you use when you start our as an IT contractor? We look at how umbrella and limited companies work in practice. Read more
Can you reclaim the cost of home broadband from your limited company?
In the latest of our series on limited company expenses, we look at tax treatment of broadband installed at home. Read more