The contractor Contractor Advice UK website is an information-packed resource for contractors, freelancers, and interim professionals in all sorts of industries. Much of the advice in the blog applies to UK limited company contractors but also most UK business owners in general. Please note, the website has now been live for a couple of years and will aim to bring you the best free advice as a UK contractor or small business owner.
Within the Contractor Advice UK blog, there are plenty of useful articles. Please note, these cover all sorts of aspects such as contractor accountancy services, tax saving ideas, business travel, salaries, dividends, tax returns, tax year dates, starting a company, closing a company and many more.
Some of the more complicated articles cover Companies House and HMRC areas and the various taxes which apply to UK small businesses.
The Contractor Advice UK blog is a reference point for UK limited company contractors, however, there is also:
- A great contractor forum -you can join discussions and introduce yourself.
- The private members’ area -here you can view important articles which may affect you as a UK limited company contractors.
- A contractor finances page -this contains articles on all the important financial issues such as insurance, mortgages, income protection and life insurance.
Please enjoy your stay and feel free to register as a member and sign up for the newsletters.
Expenses Guides
Business gifts -learn when they are tax deductible
Introduction -business gifts When you are in business, are client gifts tax-deductible (UK)? In addition, when are gifts to customers tax-deductible? Many business owners, including contractors, will consider buying gifts for clients at one time or another to say thank you for the work provided to them during the calendar year. As a result, they will ask themselves are business gifts tax-deductible? A business owner may also look to buy company gifts for specific business contacts at Christmas time or at other times during the year. Therefore, they may also wonder are corporate gifts tax-deductible. There are specific rules to consider regarding when corporate gifts for clients and customers may be allowable for tax. When we investigate are business ...
Marketing & advertising -learn about contractor advertising ideas
(Image from rawpixel.com) Advertising for contractors -introduction Marketing and advertising costs -as a UK business ...
Allowable HMRC professional subscriptions
Introduction Can you claim professional subscriptions as genuine business expenses and when are professional ...
Business training costs -learn when these are tax deductible
Introduction As a contractor or UK business owner, when is training a business expense ...
Business phone and broadband -what is tax deductible
Introduction -claim phone and broadband costs When you run your own company, is there a tax-efficient ...
Tax Saving Guides
Relevant Life Insurance for Directors & Contractors
Relevant Life Insurance for directors Are you paying for your life insurance out of your own pocket? If the answer is yes, then you may be paying too much as a contractor or limited company director. Relevant Life Insurance for contractors and directors is tax-efficient life cover. It moves the cost of your life insurance policy from your pocket to your company expenses, and your business will benefit from tax savings that lower the premiums. In addition to the tax benefits, Relevant Life Insurance for company directors protects your mortgage, your family’s future standard of living, your income by safeguarding ...
How much dividend can I take
Introduction As a UK limited company contractor, how much ...
Dividend allowance -how this works
Introduction -the tax-free dividend allowance The annual tax-free dividend ...
Business expenses guide for contractors
Introduction This article is the official contractor expenses guide ...
Trivial benefits for UK contractors
Introduction Trivial benefits for directors are an available exemption, ...
Financials
Income Protection Insurance for Contractors – CAUK
What is Income Protection insurance for contractors? First of all, please scroll to the bottom and complete the boxes if you would like a free quote for Contractor Income Protection. Contractor Income Protection is a key policy to consider for a contractor who runs their own company. This will ensure that you do not have to dip into your savings if you are unable to work. In addition, it will also help you pay the bills and avoid getting into any financial difficulties. Notably, you do not have a safety net when you work for yourself. By this, we ...
Relevant Life Insurance for Directors & Contractors
Relevant Life Insurance for directors Are you paying for ...
Contractor Business Insurances – Contractor Advice UK
First of all, please scroll to the bottom and complete ...
UK Professional Indemnity Insurance – Contractor Advice UK
First of all, please scroll to the bottom and ...
UK Critical Illness Cover – Contractor Advice UK
Introduction - Critical Illness cover UK First of all, ...
Other Guides
Electric & hybrid cars for limited company directors
Introduction -electric cars for company directors Today, electric cars are relatively new on the scene, as are hybrid cars. Indeed, as time progresses, vehicles with electric power should become more energy-efficient and friendly to the environment. Due to this, many contractors and company directors are looking to purchase or lease an electric company car through their limited company. Up to now, we should all be aware of the fuel economy, which illustrates the relationship between the distance travelled and fuel consumed, i.e., miles per gallon (MPG) or litre. With electric cars comes some good advantages as well as some ...
Company bank account for contractor banking
Introduction You will undertake various tasks when you start your own company for ...
Change my contractor accountant -how to do this
Introduction -how to change accountants (UK) How can you change your ...
File Confirmation Statement form
Introduction -the Companies House Confirmation Statement As a limited company contractor ...
Director loan account -what is this?
Introduction -what is a director’s loan account? Are you a contractor, ...
Some Key Articles
Personal Incidental Expenses -how these work
Introduction Personal Incidental Expenses (HMRC) are ...
Trivial benefits for UK contractors
Introduction Trivial benefits for directors are ...
Company Xmas party allowance
Introduction -the company Xmas party allowance As ...
Contractor accountant -learn what to look for
Introduction When you start contracting, you ...
Director loan account -what is this?
Introduction -what is a director’s loan ...
Why Contractor Advice?
UK business owners come to Contractor Advice UK to educate themselves on a wide number of areas. As well as general accounting advice, there are also many tips on how to become tax-efficient and save money when you run your own UK business.
