Do I really need a business bank account for my limited company?
This article answers the common questions regarding a business bank account and explains why it is essential to have a business bank account separate from your personal one.
New to contracting: IR35 and the public sector
Contractors working in the public sector can no longer determine their own IR35 status as of the 6th of April 2017. If you work in the public sector, your public sector client is responsible for determining your IR35 status and should take reasonable care in making the assessment.
Can I close my limited company with an outstanding Bounce Back Loan?
The Bounce Back Loan Scheme (BBLs) was introduced during the coronavirus pandemic by the UK government to offer financial help to businesses struggling due to COVID-19. Continue reading as we discuss what support is available for your business if you cannot repay your Bounce Back Loan (BBL) and if you can close your limited company with an outstanding BBL?
What is a personal service company (PSC)?
A Personal Service Company (PSC) is a term often used to describe a limited company of which the sole or main shareholder is also its director, who, instead of taking up employment or working directly for the client, operates through their own company.
Landlord guide: Buy to let properties
The tax implications of rental income, or income from flipping properties, differ depending on the type of letting undertaken and the chosen structure. The most common method of purchasing buy to let properties is doing so personally, or opening a limited company (referred to as a ‘special purpose vehicle‘, or simply a ‘SPV’). Find out more about buy to let properties and how we can help you.
Limited or umbrella?
There are advantages and disadvantages to setting up your own limited company or contracting through an umbrella company. Continue reading to discover the benefits of each and to find out whether you are better suited to contracting via a limited company or an umbrella company.
Retainer Agreements: Are they worthwhile for contractors?
There are many benefits to contracting, such as the opportunity to expand your skills and knowledge set in your chosen area, variety in projects and clients, and more freedom in terms of when you work. However, contractors are more susceptible to periods of unpredictable income.