Free Webinar: Sole Trader v Ltd Company
* 10/12/21 Updated with link to recorded webinar from July 2021 GoSimple, in conjunction with Listentotaxman, bring you a free webinar on Sole Trader v Limited Company.
UK Contractors; Limited Company vs Umbrella 2020-2021 tax year update
With the impending IR35 changes right around the corner, the Limited vs Umbrella debate is on a lot of contractor’s minds. But what really is the difference and which one will be most beneficial to you?
Sole Trader vs Limited Company – Our Analysis
Which is the better option for you?
Beginners Guide to Contracting through a Limited Company
Wondering about setting up a limited company to offer your trade/services through?
A Contractors Guide to Salary Dividends (Up to date for 19/20 tax year)
Our guide to Contractors Salary and Dividends: How much you can take home and how to take it.
A contractor’s introduction to Director’s Loans
There may be a time when you need to loan money to or borrow money from your own Limited Company. Now you may think it’s your company and you can do what you want, but director’s loans are wrapped up in fiddly bits of legislation and when borrowing cash from your company, care must be taken. You must ensure that you fully understand the tax implications before you take any kind of loan from your business.
Value Added Tax (VAT) is a standard consumption tax levied on almost all goods and services in the UK. If you’re a contractor, working through your own Limited Company, registering for VAT could significantly improve your tax efficiency.
Business expenses: a contractor’s guide to what you can and can’t claim.
One of the main benefits of trading as a Limited Company contractor is that you can claim back business expenses for anything you purchase for your business, and in turn, claiming for these expenses can lower your tax bill.
UK Contractors; Limited Company vs Umbrella? 2019-2020 tax year update
With the impending IR35 changes right around the corner, the Limited vs Umbrella debate is on a lot of contractor’s minds. But what really is the difference and which one will be most beneficial to you?
IR35: A Contractors Guide (Up to date for 2019/2020 tax year)
IR35 is a complex piece of legislation used to distinguish between true self-employed contractors and employees. As a contractor, it’s important that you have an awareness and understanding of IR35 to ensure that you’re paying the correct amount of tax and National Insurance. Here’s a definitive introduction to IR35 to help you understand how it works.
IR35 and private sector contracts - everything you need to know
IR35 is a tax legislation used to distinguish between employees and genuinely self-employed contractors. We take an in-depth look at how the ‘off-payroll working’ rules, introduced to the public sector in 2017, will be extended to medium and large-sized businesses in the private sector from April 2020.
Top Ten Claimable Expenses for Limited Companies
Let’s start with a thought experiment. I’ll set the scene. You’re a limited company owner, and you, as the director, are the sole employee. You also - understandably – love learning about tax. You open up the Monday morning paper to find some exciting news - HMRC has hinted there are going to be some big changes in the upcoming UK budget.....
A guide to tax efficient remuneration for Limited Company directors for 2019/20.
UK Contractors; Limited Company vs Umbrella? 2018/19 tax year update
What are the benefits for contractors of setting up a Limited Company vs Umbrella Company? Read our guide, see how much you could take home in each setup.
10 personal finance tips freelancers & contractors need to know
Organised properly, freelancing/contracting can be the most rewarding way to make a living. Skilful tax planning can transform your finances - and with 15% of the workforce self-employed, financial services providers are at last offering the support contractors and freelancers need.
Our Guide to tax, VAT, NI for Contractors, including tax saving tips.