Income shifting and the settlements legislation for small companies
Guide to the UK settlements legislation and income shifting rules, from the historic Section 660 to the Arctic Systems case and current HMRC challenges.| Contract Eye
There are some compelling reasons why most contractors should have adequate business insurance cover in place, even if it is not required by law. The post IT contractor business insurance – what’s mandatory and what clients ask for appeared first on Contract Eye.| Contract Eye
Many clients now insist that contractors have adequate professional indemnity insurance cover in place. What is PI insurance?, and how to choose a policy. The post A guide to professional indemnity insurance for contractors appeared first on Contract Eye.| Contract Eye
Finding the right accountant is one of the most important decisions when you start contracting. Follow these 10 steps to make the right choice. The post Choosing a contractor accountant: 10 steps to take appeared first on Contract Eye.| Contract Eye
Opening a business bank account is essential for contractors. Our guide explains setup, fees, and the best free options, including Tide and Zempler. The post Business bank accounts for contractors: setup, fees and free options appeared first on Contract Eye.| Contract Eye
What to include on contractor invoices, how self-billing works, and your statutory rights on late payments. Includes a free Word invoice template. The post How to invoice agencies and clients as a contractor + free template appeared first on Contract Eye.| Contract Eye
If you are considering closing down the company you have used for contracting, we look at how any remaining profits can be extracted in a tax efficient way. The post Company strike-off: can you extract profits tax efficiently? appeared first on Contract Eye.| Contract Eye
Find out if your limited company needs a secretary, what the role involves, and how to appoint or remove one. Includes FAQs. The post Does my limited company have to appoint a secretary? appeared first on Contract Eye.| Contract Eye
Guide to the UK settlements legislation and income shifting rules, from the historic Section 660 to the Arctic Systems case and current HMRC challenges.| Contract Eye
When does the 5% IR35 allowance apply? How it works, and which contractors can still claim it following the introduction of the Off-Payroll working rules.| Contract Eye
How do you go about setting up a pension as a contractor? How much should you save? And what's the most tax-efficient way to pay into it?| Contract Eye
How to work out which expenses you can claim if your work is caught by IR35 - the 5% expenses allowance and how the deemed payment is calculated.| Contract Eye
What happens if your company declares a dividend when there there were insufficient profits at the time to justify a payment to its shareholders?| Contract Eye
There may be a time when you want to take a break from contracting or other business activity, whilst keeping your limited company in an 'inactive' state.| Contract Eye
We look at typical fees charged by umbrella company providers, and why you should consider additional factors before signing up.| Contract Eye
A list of some of the UK's leading PAYE umbrella companies for contractors. The post Top 10 best UK umbrella companies [2025 list] appeared first on Contract Eye.| Contract Eye
What qualifies as a 'trivial benefit' according to HMRC and how you can reward your staff and directors with a gift or benefit without them being taxed.| Contract Eye
Understand the difference between a balance sheet and P&L account, and why they matter for small limited companies, contractors and business owners.| Contract Eye
How to pay yourself dividends from your limited company – including tax rates, rules, paperwork, and how to avoid illegal payments.| Contract Eye
A list of some of the leading specialist accountancy firms for contractors, including Aardvark, SG Accounting, Clever Accounts and Integro. The post Top 10 Limited Company Contractor Accountants (2025 List) appeared first on Contract Eye.| Contract Eye
Complete non-nonsense guide to forming a limited company as a contractor. Covers naming, directors, duties, Companies House, certificates, and next steps.| Contract Eye
If you decide to work via an umbrella company, how do you find a reputable and efficient provider? Read these 20 tips to help compare umbrella companies.| Contract Eye
As a limited company director, what is the most tax-efficient salary to pay yourself in the 2025/26 tax year, and any other employees?| Contract Eye
The 2007 MSC legislation was created to target the use of contrived corporate structures, which provided (mainly) professional workers with the tax benefits of working via a limited company, but without the responsibilities.| Contract Eye
What is IR35 and Off Payroll, exactly? And how much tax will you pay if you are caught? In our simple guide to IR35, we explain everything!| Contract Eye
A list of some of the leading specialist accountancy firms for contractors, including Aardvark, SG Accounting, Clever Accounts and Integro.| Contract Eye
We look at how net pay is calculated for PAYE umbrella company employees, following deductions from your assignment (umbrella rate) and gross pay rate.| Contract Eye
