Are you a contractor? If you work for someone else, it is important to know whether you are working for that person in an employed capacity or in a self-employed capacity as an independent contractor.
Your employment status will determine the charge to tax on income from your employment or self-employment. It will also determine the class of NICs, which are to be paid.
Umbrella Companies employ you for tax purposes and complete central returns for all their contractors. It's less hassle and more flexible for you but take home pay is typically less than that the limited company option.
The best option for you depends on your plans, 'one off' contract or 'contractor for life'? [Read More...]
The limited company guide section provides a sequential set of guides and articles. Designed to enable easy understanding of limited company payroll and accounting.
The limited company guides are structured for those new to contracting, if you are already a contractor running your own limited company you can jump to specific articles and information.
The aim of this section is to enable contractors to have a solid awareness of limited company payroll and accounting requirements and, on completion, be capable of making an informed decision as to whether running their own limited company is the right payroll and accounting choice for their contract.
Umbrella Compare is about informed decision making and compliant, trustworthy solutions. If you have any feedback or information you wish to share with other contractors please contact us, connect with us on facebook and twitter.
Understand what is involved in running your own limited company. Admin, litigation and governance, is it really that hard?
Discover what makes a good limited company accountant and considerations when choosing a specailist accountant. HMRC compliance is key.
Weigh up the options: A Limited Company can be financailly and personally rewarding for a carreer contractor. Claimable Expenses:
Limited Company the right payroll solution for you? Compare leading Contractor specailist limited company accountants and calculate the costs.
Leave feedback for your ltd company accountant, help other contractors make an informed decision. Remember how it was when you started out?
New Contractor? Go limited: limited company payroll and accounting solutions which provide more take home than an umbrella company
Contractor IR35 and Legal Expenses Insurance explained. Is it worth it? Well, you can run any type of insurance if there's someone willing to pay the premiums....
IR35 Deemed Payment FAQs. What happens to the IR35 deemed payment at the end of the tax year? Click here to find our more about IR35 deemed payment and your limited company
Are you a contractor wondering about IR35? Essential IR35 FAQS and how it affects contractors running a limited company.
Guide to IR35 find out if you are caught by HMRC legislation known as IR35. Dummies guide to contracting and limited company accountants.
IR35 True or False. Find out if your contract falls within IR35 law. See our free guides to contracting.
Are you new to contracting? Are you looking for an IR35 umbrella company? If you are you could be looking for some time yet - because there's no such thing as an 'IR35 umbrella company'. Read More here
The IR35 Test for Contractors. Take the test and decide if your own one-man limited company is better than using an umbrella company.
Fourth in our set of guides on expenses and company benefits: Did you know you may have to pay tax on them? HMRC usually include the value of the benefit in your tax code, in order to collect any due tax through PAYE.
Comprehensive guide to expenses and limited company benefits. Contractors, small companies, read this and increase your pre-tax margin. Compliant tax information through legitimate expense deduction
Claim expenses for your limited company Christmas party and legitimate festive season tax deductible expenses
Understanding limited company benefits, expenses and claimable allowances as part of pre-tax operational costs. Contractors, small businesses, read this and pay less tax.
Starting your own company? New Limited Company contractor? Follow this step by step work instruction with images, a simple guide to registering for Corporation tax and Government Gateway services
Could you split your limited company into separate parts to avoid VAT? Yes, but only in certain circumstances. Click here for contractor limited company tax advice and information.
Contractors Limited Company improve their service to contractors - again!
Contractors and Directors running their own limited company can reclaim the VAT made on any purchases made through the company. Find out how you can reclaim the money spent on VAT.
Is using a contractor umbrella company your best option? Plus customer satisfaction surveys on umbrella company services.
As unbelievable as this may seem, HMRC actually give contractor limited companies money for doing nothing - really. Flat Rate VAT. Dummies guide to contracting.
Quick Guide to Contractor Limited Company Tax. You know what they say about Death & Taxes, well its true! Dummies guide to contracting.
Quick guide to limited company Corporation Tax. Dummies guide to contracting. Click here to find out more.
Claiming contractor limited company expenses. Umbrella Compare - the home of contracting. No jargon no nonsense no bull. Dummies guide to contracting and limited company accountants.
Contractors who run their own limited companies are required to have structured record keeping. Did you know that there are penalties for businesses? Find our more here
Considerations when running your own one-man limited company with limited company accountant comparison tool
Own Limited Company - 24 Month Rule. Find how a long term contract can mean the loss of claiming business expenses. Click here to see how it affects your net pay!
Guide to limited company dividend vouchers with example. What a limited company dividend voucher and what it means to your company
Advantages of running your own Limited Company. Plus limited company accountant comparison calculator
Directors and Officers Liability Insurance explained. Dummies guide to contracting and limited company accountants.
Pensions may make your eyes glaze over and send you into a trance, but it's important and it could save you money now and improve your future. Dummies guide to pensions and limited company contracting.
Contractor limited company director obligations. Dummies guide to contracting and limited company accountants.
Managing your contractor limited company. As a parent you have various legal and moral duties to your child same applies to running your own limited company.
Find out how you can contract through your own limited company. Dummies guide to contracting and limited company accountants.
Contractor limited company Home office expenses. Click here to see all the expenses a contractor and limited company is allowed to claim.
Contractor limited company bank accounts. Handy Guides on how to handle your limited company bank account. Dummies guide to contracting and limited company accountants.
A list of useful Companies House forms for Limited Companies.
Contractors running their own limited company can lower their tax bill by claiming business expenses. Click to find out what expenses you can claim for your limited company.
Limited Company Entertainment Expenses - What are you allowed to claim? Click here to see what expenses are allowed by HMRC.
Are training costs a limited company expense? Ensure your next course is tax deducted
Do you want to set up your own contractor limited company? Compare UK's Leading ltd company accountants Dummies guide to contracting and limited company accountants.
Contractor limited company expenses what can and cannot be claimed by contractors running a limited company.
Guide to limited company dividends. How and when to pay your Company Dividends. Dummies guide to contracting and limited company accountants.
Contractors face an increased threat level of being investigated by HMRC. Make sure your limited company records are in good order. What to do if investigated by HMRC.
Quick Guide to Contractor Limited Company, Pros and Cons. Dummies guide to contracting and limited company accountants.
It's the basics... Compliance with Tax, VAT, PAYE and fiscal arrangements is mandatory for contractors regardless of whether you use an umbrella company or your own limited company.
Incredible then that there are still rogue umbrella companies and limited company accountants who expose their contractors to fraud. Umbrella Compare provides THE solution, we thoroughly vet all umbrella companies and limited company accountants that we list [Read more...].
Umbrella Compare provides a holistic overview of contracting with the aim of helping new and old contractors find the right payroll solutions. Contracting should be about focusing on the contract, not payroll, accounting, HMRC and bureaucracy.