Limited Company Directors: Repaying Your Bounce Back Loan
Launched in May 2020, the Bounce Back Loan Scheme (BBLS) was designed to help smaller businesses that were impacted by Covid-19 and a significant number of contractors have taken advantage of the BBLS to get their Limited company through the pandemic. In this article we’re clearing up some of the most common questions we’ve received about them.
Should Your Friend be Your Contractor Accountant?
If you’re contracting through a Limited company and you have a friend who’s an accountant, the idea of getting your accountancy services at “mate’s rates” from someone you know and trust might seem very appealing. However, your choice of contractor accountant is very important, and this apparent “win-win situation” can turn out to be a recipe for disaster, both for your business and your friendship.
Is Contracting through Your Limited Company Still Tax Efficient?
Continuing our series of articles comparing contracting to employment, in this article we’re looking at how trading through your Limited company affects how much money you take home, and whether this will change with the planned tax increases in April 2022.
Umbrella Company Cloning: How Recruiters can Protect Themselves
There have been a number of recent attacks by fraudsters on recruitment agencies using so called “umbrella company cloning”. This has led to large sums of money being lost by recruiters, who made payments meant for their umbrella companies into the criminals’ accounts. In this article we’ll take a look at the danger and what recruiters can do to protect themselves.
What Contractors Need to Know About Workplace Pensions
It’s never too early to think about planning for retirement and the sooner you start, the better chance you have of funding the lifestyle you want when you retire. If you’re employed by a compliant UK umbrella company, you should have easy access to a workplace pension without having to take any action yourself – all you really need to do is go along with it.