The Limited Company contractor’s guide to pensions
Pensions As a Limited Company contractor you may pay into a pension in order to lower your overall tax liability, but are you aware of how the payment is made, who the contract is between and the implications this can have on how the tax relief is obtained? Is your pension being treated correctly? […]
Key dividend dates that should be in every Limited Company contractors diary
Key dividend dates you should be aware of 6 April 2016 saw the introduction of the new dividend tax. Whilst this was a major change that affected almost all of the UK’s contractors, it won’t be until they submit their tax returns before they really feel the effects of the extra tax. So what […]
The contractors’ warchest – spend or save?
The contractors’ warchest Most Limited Company contractors or freelancers build up a warchest, to ensure they are covered financially for any breaks in contracting. Having provisions for such an occurrence makes perfect business sense, but what happens when your warchest is a rather substantial size? Should you spend or save? You’ve just started contracting […]
What can you do if your client cancels your contract?
Your client cancels your contract – what now? Getting culled by a client is no fun. It can deal a huge blow to your cashflow and confidence. Whether you’re at fault or faultless, it pays to know what to do when a client calls time on your contract. In this blog, we show you […]
What is a dividend?
What is a dividend? ˈdɪvɪdɛnd/ noun 1. a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves). Janna Beeching, Director of Accounting and Tax at Intouch Accounting helps Limited Company contractors every day. Here she shares some of the more commonly asked questions she’s […]
Flaky clients – a step by step guide to dealing with late payments – Part two
Dealing with late payments – part two As a contractor or freelancer, one of your main gripes will probably be late payments from clients. They promise to adhere to your payment terms and conditions, you complete the contract on time and then payment never seems to arrive when expected… In last week’s blog we explored the […]
Flaky clients – a step by step guide to dealing with late payments – Part one
Dealing with flaky clients – part one Sadly, late payment is something which every contractor and freelancer will probably have to deal with at some point. Whilst it can be considered the nature of the beast, it’s not something which you as a professional should expect nor have to put up with. This […]
The New Tax-Free Childcare Scheme
The New Tax-Free Childcare Scheme – how will it help contractors? The recent Budget revealed more details about the new Tax-Free Childcare scheme, but what does this mean for contractors? Well the good news is, unless you want to, you’ll no longer have to mess around with childcare vouchers or setting up an Employer’s […]
Can I get a mortgage as a contractor?
Can I get a mortgage as a contractor? As a contractor, one of the most commonly asked questions is whether or not it is possible to secure a mortgage. Quite understandably, many contractors are unsure as to what their position is, given the fact that they’re not in permanent employment. It’s common knowledge that it’s […]
Claiming Christmas expenses through your Limited Company
Claiming Christmas expenses through your Limited Company Can I claim Christmas party expenses through my Limited Company? The interest-free sofa adverts have started and the supermarkets are full of advent calendars, yes you’ve guessed it, it’s now officially Christmas. If you’re currently contracting within a corporate environment the annual Christmas party is probably a hot […]