FAQS

My tax code is wrong – can you sort it out for me?

August 06 2020 @ 2:01 pm by

HMRC is responsible for setting your tax code. As we are your employer and not an accountant or agent, HMRC will not talk to us about your code which is a personal matter. If you have any questions it’s best if you contact HMRC and if any changes happen as a result, HMRC let us […]…

What does my tax code mean?

August 06 2020 @ 1:59 pm by

Your tax code is set by HMRC and controls the amount of tax-free money you receive when you are paid. Watch our video here which explains what the codes mean and you can find further information on the government’s website.…

What fees do Danbro charge?

March 19 2018 @ 3:17 pm by

Here at Danbro we understand that not every client needs exactly the same degree of service, so we provide a range of services to suit your needs. All fees are fixed and agreed in advance, starting from as little as £85 plus VAT per month.…

How do I operate my own limited company?

March 19 2018 @ 3:17 pm by

When forming your own limited company, you will be appointed as director (and employee) of the company and will be responsible for managing the company affairs. The company will pay you a salary for acting in this capacity. You will also be the owner (shareholder) of the company and will receive dividend income from the […]…

What are dividends and will I have to pay Income Tax on them?

March 19 2018 @ 3:17 pm by

A dividend is a slice of a company’s profit that is given to the shareholders, which will be yourself if you operate your own limited company. Dividend income you receive will not be subject to National Insurance contributions and the first £2,000 per annum will be tax-free. Dividends above this level which fall within the […]…

What if I decide to return to permanent employment?

March 19 2018 @ 3:17 pm by

You can simply choose to leave your company dormant, in case you decide to go back to contracting, or close your company down. If you chose to close your company down, Danbro will assist you with this process at a small additional cost.…

What sort of expenses can I claim for?

March 19 2018 @ 3:16 pm by

When operating through your own limited company, you’ll incur expenses that will generally fall into two types, those incurred in performing your contract, e.g. travel, and those incurred to administer your company e.g. accountancy fees. It is most likely that those incurred in performing your contract will be made out of your own pocket and […]…

How much admin time and paperwork is involved?

March 19 2018 @ 3:16 pm by

At Danbro, our services offer you the choice of spending as much or as little time on admin as you prefer. By choosing our Plan One you can prepare your own professional invoices, record all out of pocket expenses and upload company bank statements easily and conveniently using FreeAgent online accounts. If paperwork and admin […]…

Which is better, my own limited company or employment umbrella?

March 19 2018 @ 3:15 pm by

Both options offer their own advantages depending on your circumstances and requirements. If you’re uncertain as to which option is best for you then simply give us a call on 01253 600140, and our friendly team will help you find which of our services is the best fit for your circumstances. As Danbro provide both […]…
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