If you are new to contracting, you will need to learn about IR35 legislation and how it applies to your temporary assignments. In this article, we explain what IR35 is, and what it means to be “inside IR35” and “outside IR35”.
The Construction Industry Scheme (CIS) sets out special tax rules for contractors and subcontractors involved in construction work. Continue reading to discover why you should consider a CIS-registered limited company for your construction career.
Following the end of the tax year, you are required as director of your own limited company to produce dividend vouchers for all dividends that were declared in the tax year. We explain dividend vouchers and why they’re required by HMRC.
Being a contractor with a limited company comes with a few responsibilities, including filing an annual set of statutory accounts with Companies House and HMRC. Find out more about annual (yearly) accounts and when you are due to complete and file them.
As the Director of your own limited company, you can claim expenses on costs you have incurred on certain business-related items and activities. Are you aware of the limited company expenses you may be able to claim?
Security clearance, provided by United Kingdom Security Vetting (UKSV), is required by some personnel to have when carrying out work that involves accessing and/or handling sensitive information.
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.
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.
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?
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.