More contractors are facing financial difficulties due to the pandemic, Brexit and recent changes to IR35 rules. Many contractors have seen a reduction in business over the last few years. Limited company contractors also did not benefit from most of…
Rumours about the future of Capital Gains Tax and Entrepreneurs’ Relief mean that any limited company contractor that will be affected by IR35 rule changes in April should strongly consider closing their limited company as soon as possible. The Chancellor…
By nature, contractors are incredibly resilient to change. But just because you are good at responding to changing circumstances, doesn’t mean you enjoy it â especially when it means that you’re losing money. The rickety IR35 reform wagon has been…
If you are a contractor planning to close down your solvent limited company (PSC) then depending upon how much cash there is left, using a Members Voluntary Liquidation (MVL) could be the most tax-efficient way and save you thousands of…
MPs have blamed Carillion’s directors for the construction and outsourcing company’s collapse, which left thousands of sub-contractors in serious financial difficulty. Two committee’s of MPs criticised the firm’s “rotten corporate culture” suggesting that their downfall was a “story of recklessness,…
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