Limited Companies

Transferring a spouse’s gift to the PSC is the only way to get tax relief and even then, watch second-hand values don’t make it a waste of time.

Twelve things that PSC bosses come a cropper with when tax deadline day approaches.

Expert advice on how to extract cash when closing down your company.

As long as you follow HMRC’s rules, your ‘annual event’ can go off with a tax-free bang, virtually or in-person.

Just like Companies House, the Revenue punishes the unpunctual. So get in way before Jan 31st.

Like Test & Trace, BBLs were the saving grace but similar to the ‘pingdemic,’ they’re now behind a sinking feeling.

How much, how often and how come dividends at all -- among other taxing issues, explained.

Overview for contractors of the document behind putting a limited company into compulsory liquidation.

Rules in 2016 still rule out many PSCs from a popular way to reduce their PAYE tax bill.

Act with speed to put a green car on your company, as today’s incentives may peter out.

The what, why, how and lingo of P&L for limited company directors.

You’ve got assets with benefits. But are you giving them the right accounts and tax treatment?

With such a big year ahead for contracting, now's the best time to set your figures at the optimum level for tax-efficiency.

The architect of a financial support package under HMT’s consideration explains how it could make all the difference to limited companies.

As Sunak’s sights are set on your stash, it’s financially better to go with 'BADR' while it’s still intact.

What if you’ve ceased trading; what if you’re not ready and what if you’ve got a director’s loan? Among other issues – answered.

A need-to-know on expenses and taxation, where the corporate and individual co-exist.

Sample letters that unpaid IT contractors can use to make clients cough up.

Find out the best way for contractors to pay for their private health insurance.

Insolvent, dormant and detailed. The Revenue’s reminder reaches many types of contractor.

Don’t let today’s deadline obscure another that’s tied to both HMRC and your directorial duties.

Credit control needn't be a tricky business for contractors, simply follow these easy, logical steps.

How to pay yourself in a way that shows (to HMRC) you run a genuine contracting business.

Regardless of why leaving a ‘Ltd’ looms, dealing with shares can be a tricky business.

Which tax and accounting duties will your contractor accountant perform on your behalf?

As many contractors feared, the measure to slice the tax-free dividend allowance from £5,000 to £2,000 from April 2018 has been officially re-tabled.

FAQs to think over before the tax year ends on 5th April. 

How comparing contractor accountants can help you choose the right one for you and your business. 

How to choose an accounting software package that suits you and your business needs. 

Choosing the right accountant for you and finding the right time to make the switch. 

Typical monthly fees, hidden costs and how to accurately compare accountants.

The three errors made with software, pitted against the three let-downs of spreadsheets.

A rundown of how the way tax is computed on your profits is suggested to change.

Pitfalls and pointers for a brave new ‘Ltd’ contractor, trying to tot up tax alone.

Expert navigates an on-the-road PSC looking to take the least taxing route.

Seasonal tax tips for a PSC director wanting to repay their other half's good will.

Why you'll want to ditch your tax adviser; what to look for and when to jump.

Being out of contract doesn't put salary, dividends and expenses out of bounds.

Check why the Revenue's repaying you before you start to celebrate.

Avoiding income extraction is about the only tax benefit to a landlord-tenant relationship.

Two key considerations loom for a contractor looking to share his shareholding.

Tax tips for a contractor convinced his agents and clients just won’t cough up. 

Tax arises no matter how a contractor gives his son a leg-up on the housing ladder.

Permie who went contracting while on leave seeks the cheapest way to extract £4k.

Profit after tax, not before it, is why distributions cannot be treated like pens and pencils.

Tax firms offering you anything over 80% invoice-value should be treated with extreme caution.

PSCs with a second director should still be able to get the Employment Allowance.

A bank account is the stumbling block to becoming limited as a non-resident.

Reassurance for a contractor who's starting-up with someone who stung HMRC.

Top tips if contractors want to play Santa without having to pay Hector.

Potentially numerous ways for 'Ltd' contractors to soften the blow from April.

Only one set of HMRC rates when on the road as a business, incorporated or not.

What the Budget means in tax terms for contractor dividends.

The least-taxing way for 'Ltd' contractors to furnish a room dedicated to business.

Pointed advice for a techie at the sharp end of limited company contracting. 

Ten tax-saving steps limited company contractors should consider taking before April 6th.

Expert warns an IT contractor that the tax break when winding-up could be in jeopardy.

The options for a techie whose business has an investment offer out of the blue.

Expert helps a limited company owner wanting to wind-up tax-efficiently so he can go perm. 

Freelancer reassured that incorporating should make working from home less costly.

The least-taxing way to draw a director's loan.

The employment allowance can't be used to reduce any deemed employment payment.

The least taxing way to put thousands of pounds in rail fees on your one-person company.

What tax-savvy IT contractors shouldn’t miss in their financial spring clean.

Eight steps for limited company contractors to take ahead of Jan 31.

Tax tips for a contractor eyeing bricks and mortar in his company’s name.

‘Other than having to charge clients more, registering for VAT looks like a safe bet.’

Expert helps an out-of-pocket IT contractor, pinning his hopes on a £10,000 software project.

Six steps to ensure a salary-dividend mix keeps saving you more than it costs.

Accountant's top tips on how to ease the burden of your incoming tax obligations.

Tax expert helps a 'Ltd' contractor wanting to grant share options to his IT team.

Real Time Information reporting to HMRC is a must for the majority of businesses from April 6th.

Contractors under investigation must dance to HMRC's tune, especially with no insurance.

No contractor can afford to chance it with a taxman that rounds up rather than down.

Expert continues to spell out how sanctions facing contractors can be ruinous.

Avoid enriching officialdom by completing, filing and paying accurately and on time.

The relief 'Ltd' contractors can get if New Year means new home due to new workplace.

Contractors must fork out more to wind-up, so take the following steps to keep a lid on costs.

Mandarins should hang their heads in shame at a tax farce of their own making, says PCG.

Leading tax body on why it opposes a £25,000 cap on wind-up profits.

An earner for insolvency firms, a boon to HMRC and a £5,000 tax on contractors.

A constitutionally correct tax change spells extra costs on the owners of micro businesses wishing to wind-up. 

It’s an online thing for most contractors, but it doesn’t have to be.

InTouch Accounting on a tax-efficient way of distributing your company’s money when closing your limited.

Five steps to take once your next invoice is overdue.

The seven steps to take before your next invoice becomes overdue.

Accounting aid for an IT contractor unsure about what he’ll get taxed on.

What to look for in a world where anyone can call themselves an accountant.

When clients cut their costs, it’s only right that contractors do the same.

Measured reassurance for an aspiring limited company put off by the National Minimum Wage Act.

Three possible answers, not four, if you understand the maths of late payment.

On the ropes or on holiday? How contractors can truly tell if an agent or client is draining their lifeblood.

Knowing what to do, and when, can be the difference between zero and kerching.

Tax expert on running a ‘Ltd’ company via a third party to insulate its assets if you divorce.

The most tax-friendly ways to get your hands on your company’s cash.

The hoops out-of-pocket contractors can jump through will change from next year.

Tax aid for a consultancy whose contractors will want a stake in its new business.

Because of the level of trust required and the potential risks associated with failure, an IT contractor’s relationship with their accountant is necessarily a special one. But what should you do when it comes time to bring that relationship to an end?

Depending on your view of matters financial, your annual accounts are either an opportunity or a horror story. 

How you opt to pay yourself is an important factor in determining whether your decision to switch to a contracting career will pay dividends (literally).

Tax expert helps a soon-to-be hard-up 'Ltd' eyeing itself for an interest-free loan.

The emergency Budget retained dividends as the least taxing route for 'Ltd' contractors.

What clients claim to delay paying IT contractors' invoices, and how to get round it.

Five ways to help get your invoice paid promptly and in full.

Your invoice is your record of services sold to your client. Here is a description of what should be in an invoice and a free Word template to get you started.

Revenue quizzes 'service companies' over complex tax rules.

Legal experts, PRMS Ltd, continue their advice on how contractors can recover debt.

Legal experts, PRMS Ltd, look at how contractors can recover debt.

Ten tips from an industry expert offering advice on how to speed up tardy payment from a client - and what to do if they refuse to pay.

John Antell describes the procedure from Letter of Claim to trial and enforcement.

As a contractor, working via an agency, or working direct with a client, you may well experience the joys of 'late payment'. Not only can this cause cashflow problems, but it can also lead to breakdown of your relationship with the client/agency if invoices are not paid on time. So, what rights do small businesses have when it comes to collecting unpaid fees?