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IR35 is tax law that was introduced in 1999. It is also popularly called the Intermediaries Legislation, and it came into effect in April 2000 under the Finance Act. IR35 gets its name from the then Inland Revenue, which is now the HM Revenue & Customs (HMRC). The legislation covers every individual worker who functions […]
While the debate about outsourcing or continuing with in-house resources will continue for long, the undeniable fact is that outsourcing has helped businesses achieve huge cost savings without compromising on deliverables. It is the same with outsourcing accounting services, where specialized services are available at a fraction of the costs without having to maintain an […]
At times, for one of many reasons or a combination of many reasons, it may be necessary to effectively bring all business operations to a close. UK company closing procedures need to meet certain statutory requirements, and will hinge on the financial status of your company – i.e. is your company solvent or insolvent?. In […]
Most individuals entering a business would probably be under the impression that setting up a Limited Company in the UK is expensive and complicated. Far from it, to actually get your “Certificate of Incorporation” as a Limited Company does not involve high costs. And depending on the option you choose, it can be either a […]
You’re a contractor determined to achieve a good work-life balance, but you’re not sure how. There are some fundamental elements to help towards achieving what many contractors are enjoying; the route to a good work-life balance for a contactor includes: An expert accountant, preferably part of a firm of accountants, offering a host of accountancy […]
Under what circumstances would you switch accountant? Would you look for an alternative if your needs weren’t being met? Of course meeting one person’s needs doesn’t guarantee that that any firm would meet someone else’s—you can’t please all of the people all of the time—but say you were a small business expecting the following, can […]
How do you get on with your bookkeeping? If you’re running a small business (including if you’re a landlord with rental income, or earning income from other sources on top of being paid via PAYE) hopefully you’re on top of your bookkeeping. Any business big or small must keep its books in order in order […]
Holding residential property in a limited company can definitely help lower the tax bill of some individuals, but the benefits mainly apply to higher rate taxpayers. Owning property in a company can also make it easier to pass on investments to children or grandchildren; however, buying property through a limited company can also work out […]
Registering a company in the UK does not compulsorily require UK- residency. If you are a Non-UK resident, then don’t worry about the incorporation of a company in the UK for better business prospects. You will get a number of companies that will provide you entire set of online services regarding company incorporation. But UK […]
Setting up and Registering your own limited company in the UK is very simple and cost-effective. Having your own limited company can save you from many tight spots and it’s the smartest way to get paid for work. Company formation process is lasting till the period of one year. Under this phase of 12 months, […]
