What is self-billing? Contractor FAQs
Self-billing is a common practice for recruitment agencies who deal with contractors and freelancers. If you are on a self-billing arrangement for your contract, here is what you should know.
When should you leave your umbrella and go limited?
Using a PAYE umbrella service is a simple and efficient way to get paid as a self-employed worker. However, the time may come when it is in your best interest to say farewell to your umbrella company and become the director of your own limited company. This article will investigate when you should consider switching from an umbrella service to an umbrella company.
The importance of using a compliant payroll provider as a contractor
As a freelancer or contractor, it is likely you will set up your own limited company or work through a PAYE umbrella company. However, with so many providers of payroll services available, how do you know which one to use? Whatever your decision, make sure the company you use to take care of your payroll is reputable and compliant, or the repercussions could be devastating.
What is a limited company? Contractor FAQs
Many people who either are looking to start their own business, or are a contractor or freelancer looking for a payroll solution, hear that limited companies are a tax-efficient way to operate in the UK. But with all the confusing jargon surrounding it, what is a limited company really and how can operating one benefit you?
Your Christmas party expenses as a limited company director
As the director of your own limited company, you may be entitled to tax relief on your 2016 staff Christmas party. Check out the criteria and see if you can benefit.
What are the benefits of a limited company?
Read about the benefits of a limited company, and how you might experience a more rewarding contracting career by setting up your own limited company.
The benefits of having a CIS registered limited company
Are you a construction worker who plans to remain in the industry in the future? If so, there are many ways that you can increase your earnings, including becoming self-employed. Many qualified construction workers choose to operate in this way rather than being permanently employed, as it gives them flexibility and more control of their finances in addition to increased earnings.
Changes to tax legislation affecting limited company contractors
The new tax year is only one day away, marking the arrival of several changes to tax legislation that will have an impact on contractors. George Osborne announced the changes during the Summer Budget 2015 and Autumn Statement 2015 in a move to tackle alleged tax avoidance in the contractor industry.
How easy is it to switch from an Umbrella Company to a Limited Company?
Recent changes to legislation have led many contractors to ask: how easy is it to leave my umbrella company? Leaving an umbrella company is a quick and easy process, and many contractors are switching to the more tax efficient limited company model. We explain how to make this happen.
Limited Vs Umbrella
Like many embarking on a career in contracting, you will probably find yourself wondering what is the best way to set up and run your new business. For most contractors this choice essentially comes down to operating under an umbrella company, or establishing and running your own limited company.