Buying property in my own Limited Company
Buying property Can I or should I in my own Limited Company? Is it common, what are the risks and basic consequences? Does it only affect commercial property? For contractors the question of buying property through their own Limited Company arises when considering possible ways to invest their profits. It is definitely possible to do […]
Switch from an Umbrella Company
Switch from an Umbrella Company It’s simple to switch from an Umbrella company. If you are looking for flexibility, permanence and more take home pay then perhaps switching from an Umbrella company to a Limited Company is right for you? Using an Umbrella company suits many contractors and freelancers when they first start out as […]
Personal Service Company – Tax returns
Personal Service Company – Tax returns Answering the question about PSC (personal service companies) when I complete my personal tax return. Do I have an IR35 issue when I tick this box as a “yes”. Is it anything to worry about? Or is it just a simple “yes” answer? What is the definition of a […]
Umbrella vs Limited comparison
Umbrella vs Limited comparison So you decided to enter the freelance market and become a contractor? But of course starting off is so full of uncertainty and potential risk that you looked for the simple and easy route to entering the market – an Umbrella solution. Naturally, back then it seemed like the right thing […]
Umbrella to Limited Company
Umbrella to Limited Company Paul Gough, Managing Director of Intouch Accounting, the personal online accounting adviser for contractors and freelancers, discusses the benefits of moving from an Umbrella to a Limited Company and explains why he believes Limited is best. Making the decision to become a contractor or freelancer is one of the most exciting […]
VAT – Could you be paying too much? Flat Rate VAT?
The benefits and burdens for contractors of the flat rate VAT scheme Paul Gough, Managing Director of Intouch Accounting, the personal online accounting adviser for contractors and freelancers, looks at the pros and cons of adopting a flat rate scheme, and explains more about how the scheme could affect contractors’ take home pay. The flat […]
AWR – could you lose out? Introduction to AWR
Introduction to AWR By now you’ve probably heard the abbreviations AWD or AWR, which are often used interchangeably – AWD being the Agency Workers Directive and AWR, the Agency Workers Regulations. But, do you know what it’s all about and, most importantly, do you know if it affects you and, if so, what actions do […]
Two advantages of being new to contracting
New to contracting If you are new to contracting and trade through a Limited Company you should be aware of two advantages open to you of being registered for VAT under the Flat rate scheme and the potential savings of Employer’s National Insurance contributions, if you qualify under the Regional Employer holiday rules. Most new […]
Benefits vs dividends: what’s the best option?
Benefits vs Dividends Business going well? Unsure how to reap the rewards of your hard work? Today we’re taking you through the most tax-efficient methods of extracting cash from your business. As a business owner or director, it’s understandable that you want to reap the financial rewards of your venture’s success – and do so […]