You may already know, that operating a limited company can be the most financially beneficial method of running a business. Another widely known benefit is the minimal debt responsibility involved with a limited company. But did you know there are other ways you could become financially liable if something goes wrong?
Choosing a career as a contractor allows many individuals extra freedom and flexibility to enjoy their hobbies. If you are a contractor, you are not restricted to the traditional office rota, and working when and where you want is a bonus. So this May, use your extra time to catch up on your favourite sports.
The continuing development of technology has led to a high demand for skilled IT workers. Employers nationwide are looking for IT professionals to join their teams, and companies trying to gain a solid foothold in technology need temporary IT workers to help fill the skills shortage in their organisations.
In the age of technology and instant gratification, many millennials are rejecting traditional office hours and are opting for flexible working schedules. What’s more, competition for jobs in the UK, especially in London, makes it difficult for university graduates to find full time employment straight away.
Many contractors worry about the hassle and burden of setting up and managing a business bank account. This week, a question came from an individual who is considering moving from an umbrella company to a limited company service but is concerned about the additional pressure of having more administration relating to their business bank account.
Do you want to work smarter instead of just working harder? This week our blog highlights the top five apps that can reduce the number of devices you need to carry around, while keeping your personal life and work life separate.
If you have a CIS-registered limited company, getting gross payment status will allow your company to be paid gross rather than being taxed at source, either at 20% (CIS-registered) or 30% (non-CIS registered).
Working as a contractor is a great way to broaden your skills and experience in addition to having more control and flexibility in your career. While the process of finding new contracts can be tedious, it does not need to be stressful.
Contractors often find that one of the benefits of contracting is working from a home office. However, this convenience means that you will inevitably eat into your own electricity and heating that you would otherwise not use when working in a professional workplace. Furthermore, you may need to purchase specialist equipment that would otherwise be provided by an employer. This leads most working contractors to ask, what expenses can I claim if I work from home?
Significant tax changes came into effect on 6th April. Most people will be affected in some way or another, but contractors with their own limited company will need to be able to handle these changes.