If you run a limited company and have registered as an employer, you will have been sent letters about employer pension auto-enrolment at certain staging date by pension regulators. What actions do you need to take? It depends on your company’s structure: if you hire employees, even if they are …
Tag: self-employed
If you are thinking about starting your own company or leaving your permanent role and taking on a contract role, and you are wondering what the tasks are to fulfil the tax and reporting requirements, here are a list of things you need to do and by when: Register a …
The change that will affect contractors and other limited company owners is the reduction of dividend allowance from £5,000 to £2,000. So that means an extra £3,000 will be taxed at either: 32.5% rate, this equals to £975 more tax you have to pay. Most contractors’ income level will fall …