Special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities. Why the rules Directors, particularly of personal and family companies, can control how and when they are paid and, in the absence of special rules, would be able to reduce their Class 1…
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Every small business owner wants to maximize credit โ and there is only one way – by reducing tax. Small businesses are privately owned corporations, partnership or sole proprietor that has fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as โsmallโ in terms…
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As a CIS contractor on top of the normal issues surrounding whether to be a limited company or a sole trader, are there any CIS specific issues to be aware of? From a Construction Industry Scheme (CIS) point of view ONLY, there is another factor that can affect your decision…
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