Dec / 11
Registering your Limited Company for VAT & Making Tax Digital
For contractors operating through their own limited company whose turnover exceeds the upper tax threshold, registering for VAT is a legal requirement. The upper tax threshold is also the point at which you need to register for the government’s new digital tax scheme that has been introduced to make the VAT system more efficient. If
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Nov / 8
Autumn budget announces two-year freeze on VAT threshold
It was widely speculated that Phillip Hammond would lower the small business VAT threshold to £50,000 in last week’s budget. However, the Chancellor announced that the current threshold will remain frozen at £85,000 for a further two years. This was a welcome break for small businesses and limited company contractors whose turnover is below the
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Apr / 4
8 Ultimate Finance Tips for Limited Company Contractors
Being your own boss as a limited company contractor has many advantages, from greater control over the work you do to simply being able to escape office politics. For many who choose to work this way, one of the biggest draws is the opportunity to manage your own finances and the potential to earn a
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