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.
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.
Do I need to register my ltd company for VAT?
At what stage do limited company contractors have to register for VAT?
What is the High-Income Child Benefit Charge, and how does it work?
This controversial tax rule reduces the amount of child benefit you are entitled to keep if you (or your partner) earns over £60,000 each year.
Can I pay my husband/wife a salary from my limited company?
If you work via a limited company, you may want to pay your spouse a salary. An accounting expert tells us what the tax and payroll implications are.
How the Autumn Budget affects contractors following employers NI hike
Rachel Reeves delivered her first Budget today following months of speculation about which taxes would be increased to pay for a ‘black hole’ in the nation’s finances. How are contractors affected?
Guide to benefits in kind and the P11D form for contractors
If you are an employer, you need to file an annual P11D form for employees who received any benefits in kind from the company during the previous tax year.
What is a director’s loan? – a guide for contractors
You might have heard your accountant mention a “director’s loan account” in your limited company. What does this mean, and should you be concerned about it?
Do I need to inform HMRC if I pay my wife a small salary via my company?
A reader asks if he needs to inform the authorities if he wants to pay his wife a small salary for 'administrative' work done for his company.
Value Added Tax – VAT guide for IT contractors
Value Added Tax guide for IT Contractors. When you should register for VAT, and how to deal with VAT administration.