Many become directors for one reason and one reason only – to save on their tax bill via the ‘salary/dividend’ method.
What many owner-directors might not appreciate is that the role requires them to undertake specific legal duties; the penalties for non-compliance can be severe to include possible criminal proceedings.
This checklist is intended to form the basis of a list that can be given to all directors for… Continue reading

IT contractor Elaine Richardson, trading as ECR Consulting, emerged victorious last week from an IR35 case that could have cost her £50,000.
In their ruling, the tribunal judges concluded, “It is clear to us that ECR is a genuine business and therefore not a target of the IR35 legislation.”
After it decided Richardson was a disguised employee through an engagement with Vertex Data Science, HMRC handed her a £50,000… Continue reading