tax

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How will my take-home pay be affected by IR35?

2019-11-12T11:59:25+00:00By |

Working through a limited company is one of the most tax-efficient ways to work as an independent contractor. This set up tends to work well for contractors who are deemed as working ‘outside of IR35’, but if you’re caught ‘inside IR35’ it’s highly likely you’ll pay more tax. Let’s look at how your take-home pay [...]

Are you inside or outside of IR35? 

2019-11-05T10:12:33+00:00By |

The Intermediaries Legislation or ‘IR35’ as it’s most commonly referred to is a complex piece of legislation and knowing whether you’re ‘inside’ or ‘outside’ of it can be just as confusing. This article discusses what it means to be inside or outside of IR35 and explains who is responsible for determining your IR35 status. First, [...]

Thinking about changing your company car? Why waiting until 2020 could be a good idea

2019-09-10T11:53:08+01:00By |

If you’re a contractor who is thinking of purchasing an environmentally friendly company car through your limited company, due to the car benefit changes, you may be better off waiting until 2020 to do it.   Tax on company cars Instead of using their personal car and reclaiming the mileage allowance relief, some contractors choose [...]

What are dividends and when can they be paid?

2019-06-04T10:33:03+01:00By |

If you’re an independent contractor who is working through your own limited company, as well as being a director, you will also likely be a shareholder. This means you are entitled to receive dividend payments on any retained profits that are held within the company. In this article, we explain in further detail what dividend [...]