How often can a Limited Company director draw dividends?
Drawing Dividends Contractors are increasingly turning to forming their own Limited Companies rather than operating as sole traders or under Umbrella companies. This is in part due to the tax efficiencies available as well as the additional security it offers. Why go Limited? Whilst the ‘sole trader vs Umbrella company vs Limited Company’ debate […]
Supervision direction or control
One of the more controversial aspects of the Summer Budget 2015 was the focus on Supervision, Direction or Control (SDC) – three words every contractor will need to be fully aware of. They are already significant and currently used by HMRC within the agency rules that were revised in April 2014 and became effective in […]
Contractor’s house of horrors
Don’t let the house of horrors spook you! Forget The Shining, American Psycho or The Exorcist, sometimes the worries that contracting can cause can be far scarier! But fear not, Intouch Accounting are here to help guide you through each and every process, without the sleepless nights, or worrying if the Taxman is hiding under your […]
How to avoid time between contracts
How to avoid time between contracts As all contractors know, having a steady stream of contracting jobs is essential to keep the flow of money coming in. The length of individual contracts can vary widely and there can be opportunities for extensions, so in some cases a contractor could be with the same client for […]
What to consider when becoming a contractor
What to consider when becoming a contractor It’s safe to say that almost everyone knows someone who has decided to take the leap into contracting. Be it for lifestyle or financial reasons, or maybe even the outcome from starting a family, more and more people are seeing the benefits from entering the world of contracting. […]
What are the benefits of having Fee Protection Service?
Fee Protection Service In our blog last week we announced that we have enhanced our monthly service to include professional fee protection service. In this blog, Paul Mason of Abbey Tax explains the benefits for contractors in having this service. A bit of background may be useful to put HMRC’s enquiry regime into context. […]
How to deal with unplanned time off
Dealing with unplanned time off Contracting for many means being able to pick and choose when and where they work. They can take time off when they like and line up work for when they’re ready to start contracting again. But whilst hopefully most breaks are planned, there are times when they can appear […]
Intouch’s top tips for getting your Limited Company name just right
Getting your Limited Company name just right So you’ve decided to form your own Limited Company, congratulations! Whilst it’s a fantastically exciting time full of new employment adventures and anticipation for your first few contracts, there are also a few things you’ll need to get in order before you can trade through your own company. […]
IR35 test: Supervision, Direction or Control
There are more ways to assess IR35 than skin a cat Regular followers of the Intouch blog will by now be familiar with some of the more controversial proposals to come out of the Summer Budget. In particular, the suggested reforms aiming to improve compliance to the Intermediaries Legislation (IR35) have made people rather hot […]
Do you look like you mean business?
Do you look like you mean business? It sounds obvious but your website is your shop window to the world. Yet so many contractors don’t have one, perhaps because they think they’re too small or it’s just another thing to do. Or, they may have set one up once upon a time and haven’t touched […]