Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Hi
Depending on my contract I either change contracts/companies within 18 months or sometimes every 2-3 years. With regards to IR35 which is worst? I know the investigation can start with anything which is not my question but I`m more interested in the length of contracts/ number of clients ...
If you are one man band and you are not trading on your company name, is it not better to create a new co. and split the shares from day 1, start a new contract with the new co. and then disband the current co. later?
I agree with you, what I`m saying it is up to the individual, no-one has a definite answer for everything. I don`t claim lunch/ meals as some people do because I think that is taking it a bit far but others on this board and others I speak seem to be happy to do it. In my eyes to claim for a...
Could we not say the same about everything we own as a LTD- laptops, phone. I have at least 15 or so books I have for work which I need access to. I cannot see why you cannot purchase a "document management system” for work as it will improve your work as you have quick direct access for work...
The point being a savings plan for my children, rather then come out of my own money , it is via the co ltd so potentially reducing my corp tax and my own tax ?????
Rather than re-allocate your shares so it shows as a gift, can you not shut down your current company and recreate a new one for the start of your next contract – if you are fortunate enough to be in such as position, and structure the shares from day 1 -Yourself 40%, partner 40%, children 20%...
With regards to the 2yr rule. if you have been contracting for 18 months for a Co. and then they offer you another 1 year then as I understand it you should stop the claim at the 18th Month mark as you know the contract takes you over 24 months - Is this correct ?
However say you leave the...
SueEllen- I do have an accountant and I do use him however as the same time I look to use this board to bounce idea`s around before I approach him so I have some background. As in all professions there is no one expert so investigating idea`s from other people is always good.
Incognito- thank you for reply and support
SueEllen- thank you for the link I shall look it up.
northernladuk-"and ask questions that are mildly offensive to people who have put the effort in to find this from proper sources you are going to get a bit of stick. " In what way is my question...
thank you for all your replies.
I thought this was a forum to share and help others who may not be a clever as some people think are they. For someone who has been a member since 09 and seems on average to post/ reply some 4 times a day including weekends perhaps needs, as someone else...
If I have to declare the DIV`s at the same time, can I withhold the actual payments of two of them until each 1/4. From a HMRC point of view, I would like to keep two DIV`s at per 1/4 so it does not look like a wage as per many suggestions. However I presume since I declare them per month HRMC...