As contractor accountants, we receive many frequently asked questions about VAT registration for limited companies. We help our accountancy clients register their limited companies for VAT, and we’re happy to advise on the VAT registration threshold, what VAT taxable turnover is, and how to register for VAT.
When you decide to become a contractor or freelancer with your own limited company, you have to register a company name. This means you should choose a name that is professional and is easy to remember. We discuss ways to help you select a catchy and appropriate name for your limited company.
As a director of a limited company, you have the option to decide how and when you extract funds from your company. We’ve put together a short article to help you discover which option may be beneficial for you.
Take a look at our latest article as we answer the question – what payment references should I use for my limited company?
A Special-Purpose Vehicle (SPV) Company is a limited company which is set up for the sole purpose of purchasing property and property management for buy-to-let activities. Read our short guide to gain a better understanding of what an SPV company is, why you should set an SPV company up before you buy the property and how our SPV service works.
CIS gross payment status allows your company to be paid gross rather than being taxed at source. In the construction industry, income is normally taxed 20% at source (CIS) or 30% (non-CIS).
It’s possible to claim capital allowances on cars which are bought for business use. This means you can deduct part of the value of the car from your profits before tax. Unfortunately, cars do not qualify for the Annual Investment Allowance but you can use the Writing Down Allowance to work out what you are eligible to claim for.
HMRC has issued a warning to all taxpayers to be extra vigilant and watch out for fake phone calls, texts, emails, and WhatsApp messages from scammers pretending to be the UK tax office. Continue reading as we highlight how to spot a scam and what to do if you encounter one.
What is a director’s loan? How does one work, and what are the tax implications if I take a director’s loan from my limited company? In this article, we explain all-things related to director’s loans – so you can decide whether it’s a good course of action for you.
Many freelancers will ‘test the water’ by doing some freelance work around their permanent job before moving to self-employment. But what are the tax implications of freelancing on the side?