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1.1Find out how the rewards of tax planning saved Mr Happy £12,541
A Illustration that shows why Mr Happy is smiling.
1.2 Some tax tips to save a contractor money
A Take steps to determine if the engagement can fall outwith the IR35 rules
B Claim tax relief on all allowable business expenses..
C Operate the correct Vat scheme. Find out how a contractor saved £620 by doing this.
C Save national insurance by paying dividends.
D Make sure that you operate the correct level of salary
1.3 How to decide on a tax efficient salary/dividend strategy
A Salary v Dividends
B Factors to be considered in setting salary levels
C How to ensure dividends are legal
D So how should you proceed?
E Useful Tips
1.4 The tax plan of a freelance consultant must consider IR35
A The significance of IR35 if you are a freelance consultant.
B An explanation of IR35 and it's importance to a freelance consultant?
C Should a freelance consultant apply IR35 or not ?
D A situation where a freelance consultant is likely to apply IR35.
E A situation where a computer consultant is not likely to apply IR35
F The importance of the service contract to the IR35 legislation
G IR35 increases compliance costs and administration
H IR35 status review and insurance service.
I GRANTS and Lawspeed: IR35 Status Review Service
1.5 Taxes that a consultant may have to pay
A "Income tax-The hardest thing in the world to understand ! " Albert Einstein
B Value Added Tax-the company may have to account for this tax.
C Your company has to account for corporation tax .
D Penalties charged by the HMRC,VAT and the Registrar of Companies
2.1 Don't be treated like a number. Choose the service that suits you!
A Summary of Services which can be provided by us.
B Forming a limited company? Our start-up service will get things on track
C Our limited company full service helps you throughout the year
D Keep your costs low by using our limited company year-end service.
E Our platinum plus service is the solution for outsourcing your company bookkeeping !!
F Charges for our services
2.2 Client Testimonials
Our Client Testimonials
3.1 The various options that a consultant may contract with
A Run your own personal services company.
B Get someone else to "manage" your personal services company
C Join an umbrella company
D Join other contractors in a composite company
E Operate on a self employed basis
F Become an employee of an agency
3.2 Tips when choosing an accountant
A Qualifications
B Expertise-Use an accountant that is an expert in contracting affairs?
C Track record-Use an established accountant. Beware of "here today-gone tomorrow"
D Services-Does the accountant provide a full range of services?
E Resources-Don't use a one man band?
F Price-You want to get value for money?
4.1 Tax Questions
A What is the effect of applying IR 35 to contract income?
B What is the significance of the workplace being permanent or temporary?
C How does a contractor know if the workplace is permanent?
D How does a contractor know if the workplace is temporary?
E Is my old company a factor in determining if my new workplace is temporary?
F Can a contractor claim expenses as an agency employee?
G How applying theVat flat rate scheme could save you £620
H I am of retirement age. What NIC is payable ?
I The Flat Rate Scheme of accounting for VAT can save IT consultants money
4.2 Running your own company
A How does a contractor get a new company up and running
B What accounts work is involved with the company?
C What secretarial work has to be done?
D What bookkeeping work has to be done by the contractor?
E Ongoing taxation work is required by the consultant and the company
F Legal responsibilities of the contractor company director
4.3 I have my own company and I am out of contract
A Should a consultant out of contract leave the company dormant?
B How does a contractor shut the company down?
C How are the company reserves distributed if I shut it down?
D What has to be done with my current pension?
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