As a Director of a limited company you are able to claim a percentage of the costs of childcare as an expense through the government’s Childcare Voucher Scheme. The scheme allows you to claim up to £55 per week or £243 per month towards childcare costs incurred.
In a recent Social Media Survey sent to our clients, over 60% of the Contractors asked currently use Facebook and LinkedIn for personal use, but have they ever considered how social media could help their position as a Contractor professionally.
As of January 2013 the Government changed the rules regarding high earners and the possible charge arising on the Child Benefit that they receive. Child Benefit has always been paid out to individuals of all levels of income however, post the start of 2013 high earners now have to pay an extra tax charge on Child Benefits received throughout the year.
For some Contractors business insurance is a requirement from their Agency or a contract condition however, for others it comes as a choice as to whether or not to purchase it. As a Contractor (especially for those entering the contracting world for the first time) it may be a confusing topic as to whether or not to take out insurance if you do have the choice, and if so, which insurance?