A popular site for professional contractors in the UK.

London
Joined June 2013
Taking a break from contracting or moving to an umbrella company? You don't necessarily have to close your limited company. Keeping it dormant could be an option. There are still Companies House filing requirements to meet, though, and you need to be careful about transactions that could affect dormant status. Our updated guide explains how it works. itcontracting.com/dormant-li…
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Thinking of leasing a car through your limited company? Electric cars can be surprisingly tax-efficient, but petrol and diesel models may leave you with a hefty personal tax bill that outweighs any other benefits. itcontracting.com/lease-car-…
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Did you know your limited company can usually pay for an annual staff event costing up to £150 per head, including VAT, without creating a personal tax charge? The exemption can also cover directors and their partners, subject to the rules. itcontracting.com/staff-ente…
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Contracting overseas through your UK limited company? Travel, accommodation and subsistence expenses may be allowable, but the temporary workplace rules still apply. We explain the main rules, including HMRC's overseas concessions. itcontracting.com/claiming-e…
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When you appoint a new limited company accountant, you'll need to authorise them to deal with HMRC. Here's how agent authorisation works for Corporation Tax, VAT, PAYE and Self Assessment. itcontracting.com/how-to-aut…
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Does your limited company accountant need to be registered with Companies House as an Authorised Corporate Service Provider (ACSP)? Not necessarily. Here's what the rules mean for accountants and company directors. itcontracting.com/does-your-…
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You can save 50% on the cost of life insurance by setting up your policy via your own limited company. Read our 8 facts about relevant life cover for company directors. itcontracting.com/financial-…
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While you shouldn’t decide who to hire as your contractor accountant based solely on price - after all, you get what you pay for - it’s important to check that what you’ll be charged is fair. Compare some of the UK's leading contractor accountants. itcontracting.com/contractor…
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What is retained profit in a limited company? itcontracting.com/retained-p…
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Many companies begin trading before HMRC has completed their VAT registration. If you need to invoice clients during that time, it’s important to understand what you can – and can’t – do while you wait. itcontracting.com/invoice-be…
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Can my limited company pay for parking and congestion charges? itcontracting.com/can-my-lim…
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IT Contracting retweeted
Contractors rate SG Umbrella highly for fast setup, clear communication and reliable payroll support. See why we’re so well‑reviewed: trustpilot.com/review/sg-umb… #UmbrellaCompany #ContractorsUK #PayrollSupport #TrustpilotReviews
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Employer PAYE Reference Number (ERN): what it means for contractors - thanks to Vincent May from @sgumbrella for this useful guide. itcontracting.com/what-is-an…
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‘Catch-up fees’ when you join a new accountant. If you decide to switch to a new accountant, what happens to any accounting work that hasn’t been completed yet? More importantly, will your new accountant charge catch-up fees to bring your accounts up to date? itcontracting.com/catch-up-f…
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How to judge whether your contractor accountant is doing a good job! itcontracting.com/how-to-jud…
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IT Contracting retweeted
What is an Employer PAYE Reference Number (ERN)? SG's Vincent May, recently collaborated with @justcontracting to explain everything contractors, recruiters and employers need to know about ERNs: itcontracting.com/what-is-an…
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The recent £1.1 million HMRC penalty issued against an umbrella scheme promoter is not just another headline about tax avoidance. It is part of a much broader escalation in enforcement activity that is rapidly reshaping risk across the recruitment sector. Thanks for a great opinion piece from Matt Fryer, MD of @brooksongroup. itcontracting.com/hmrc-umbre…
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The government has confirmed that small companies will have to file profit and loss accounts with Companies House from April 2028, bringing clarity to a reform that had appeared in doubt. Thankfully, directors can choose to keep their P&Ls off the public record. itcontracting.com/companies-…
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