Contracting overseas and EC sales list requirements
Contracting overseas and EC sales list requirements While contracting with overseas customers can add significant revenue to your business it’s important to get the tax elements right to avoid any penalties from HMRC. If you’re a VAT registered Limited Company you must report your sales of applicable goods and services to VAT registered EU businesses […]
Umbrella company avoiding National Insurance
Umbrella company avoiding National Insurance If my Umbrella company reduces my salary and increases my expenses to avoid National Insurance am I at risk? If this is something that your Umbrella company is doing there is definitely a possible risk. If any expenses listed fall outside HMRC rules on what is allowable as a legitimate business […]
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 […]
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 […]
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 […]