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Heckled and cat called throughout his hour long Budget announcement, the Chancellor George Osborne called this year’s budget “A budget for building a resilient economy.

Back up plans can be a valuable thing. Take Director’s Loans for example. Useful when running a limited company and can act as a handy back up. Most contractors might never need to use it, however, if you decide you need to take out money from your business account that exceeds how much you have, the money is then treated as a loan to the company.

Back up plans can be a valuable thing. Take Director’s Loans for example. Useful when running a limited company and can act as a handy back up. Most contractors might never need to use it, however, if you decide you need to take out money from your business account that exceeds how much you have, the money is then treated as a loan to the company.

Following a fraught and busy financial year, the overall assessment of how well Chancellor George Osborne has implemented his promises from the 2013 Budget is – not bad, could do better. Critics rounded on the government’s policy on borrowing for example, with the Shadow Chancellor, Ed Balls, calling the government’s stance as ‘borrowing for failure’.

Following a fraught and busy financial year, the overall assessment of how well Chancellor George Osborne has implemented his promises from the 2013 Budget is – not bad, could do better. Critics rounded on the government’s policy on borrowing for example, with the Shadow Chancellor, Ed Balls, calling the government’s stance as ‘borrowing for failure’.

As a contractor, working through your own Limited Company, paying Higher Rate Tax, will almost certainly see substantial negative effects on your take home pay.

As a contractor, working through your own Limited Company, paying Higher Rate Tax, will almost certainly see substantial negative effects on your take home pay.

Running a Limited Company without an accountant’s help can be hard work. To be a successful director of a Limited Company, you need to be king of organisation and have a competent level of accounting know-how to keep track of all the tasks involved in order to work within the Companies Act 2006.

Running a Limited Company without an accountant’s help can be hard work To be a successful director of a Limited Company, you need to be king of organisation and have a competent level of accounting know-how to keep track of all the tasks involved in order to work within the Companies Act 2006.