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		<title>UK Limited Company &#8211; Why As A Freelancer or Contractor You Might Want To Set One Up</title>
		<link>http://interviewing-answers.com/1093/uk-limited-company-why-as-a-freelancer-or-contractor-you-might-want-to-set-one-up/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=uk-limited-company-why-as-a-freelancer-or-contractor-you-might-want-to-set-one-up</link>
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		<pubDate>Wed, 28 Dec 2011 20:44:28 +0000</pubDate>
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				<category><![CDATA[Considering Contracting]]></category>
		<category><![CDATA[directors remuneration]]></category>
		<category><![CDATA[employment status rules]]></category>
		<category><![CDATA[personal assets]]></category>
		<category><![CDATA[personal tax return]]></category>
		<category><![CDATA[running a limited company]]></category>
		<category><![CDATA[separate legal entity]]></category>
		<category><![CDATA[strict time]]></category>
		<category><![CDATA[taxable profits]]></category>
		<category><![CDATA[unincorporated business]]></category>
		<category><![CDATA[unincorporated businesses]]></category>

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		<description><![CDATA[Although it’s perfectly possible to freelance as a sole trader or partnership, a large proportion of freelancers prefer to “incorporate? – in other words, to set up a limited company.   One of the main reasons for this is that some clients are wary of working with unincorporated businesses because it puts them at risk [...]<p><a href="http://interviewing-answers.com/1093/uk-limited-company-why-as-a-freelancer-or-contractor-you-might-want-to-set-one-up/">UK Limited Company &#8211; Why As A Freelancer or Contractor You Might Want To Set One Up</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<p><img style="margin: 5px;" src="http://interviewing-answers.com/wp-content/uploads/2011/12/taxable-profits-1889.jpg" alt="taxable profits" width="235" height="214" align="left" border="0" /></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Although it’s perfectly possible to freelance as a sole trader or partnership, a large proportion of</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">freelancers prefer to “incorporate? – in other words, to set up a limited company.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">One of the main reasons for this is that some clients are wary of working with unincorporated </span><span style="font-family: 'Courier New';">businesses because it puts them at risk under the <a href="http://interviewing-answers.com/tag/employment-status-rules/" class="st_tag internal_tag" rel="tag" title="Posts tagged with employment status rules">employment status rules</a>. However, it’s not the</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">only reason. </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Having a limited company lends certain credibility. It is a separate legal entity, which </span><span style="font-family: 'Courier New';">helps to create a division between the person and the business. It also protects any personal</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">assets – if the company goes bust or gets sued, creditors can’t take your possessions as long as </span><span style="font-family: 'Courier New';">you haven’t acted fraudulently or negligently, in which case they might be able to seize your</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><a href="http://interviewing-answers.com/tag/personal-assets/" class="st_tag internal_tag" rel="tag" title="Posts tagged with personal assets">personal assets</a> (as specified in The Companies Act 2006).</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>IMPLICATIONS</strong></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">A limited company is a distinct legal entity in its own right. It has rights and responsibilities and </span><span style="font-family: 'Courier New';">can own property or equipment. This means that there are more rules and regulations to running</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">a limited company than an unincorporated business. A number of returns need to be made within </span><span style="font-family: 'Courier New';">a <a href="http://interviewing-answers.com/tag/strict-time/" class="st_tag internal_tag" rel="tag" title="Posts tagged with strict time">strict time</a> limit:</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Company tax return</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Company accounts and a computation of <a href="http://interviewing-answers.com/tag/taxable-profits/" class="st_tag internal_tag" rel="tag" title="Posts tagged with taxable profits">taxable profits</a></span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Form P35 in relation to salaries including directors remuneration</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">A form P11D (return of taxable benefits and expenses) for each director/employee</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><a href="http://interviewing-answers.com/tag/personal-tax-return/" class="st_tag internal_tag" rel="tag" title="Posts tagged with personal tax return">Personal tax return</a> for the company directors.</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">However, with the help of a good accountant, this isn’t unduly onerous. It will cost you a bit more </span><span style="font-family: 'Courier New';">than running an unincorporated business, but on the other hand a company gives you a certain </span><span style="font-family: 'Courier New';">amount of control over when and how you pay tax which can result in legitimate savings.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>WEIGHING UP THE BENEFITS OF A LIMITED COMPANY</strong></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Pro’s </span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Overcomes the hurdle of clients who won’t deal with sole traders or partnerships </span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Personal assets are protected against company debts*</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">You can control how you pay yourself to ensure tax efficiency</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">If you are working through a recruitment agency, the agency or the client can pay your limited </span><span style="font-family: 'Courier New';">company gross. A recruitment agency must pay all others as if they were employees by applying </span><span style="font-family: 'Courier New';">PAYE</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">It’s easier to set up trade accounts with suppliers</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Owner managers can get Statutory Sick Pay, Statutory Maternity Pay and similar benefits</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Entitled to R&amp;D tax credits</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Can have occupational pension scheme and NIC relief for pension payments</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">A limited company can raise funds through Venture Capital, Enterprise Investment Schemes or sale of equity</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Cons</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">There are more rules and regulations</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">If you get hit with IR35, you get stung with the bill, not the client</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">There is more admin due to the legal reporting requirements and number of returns that have to be made</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Accountancy fees tend to be slightly higher for a limited company</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">The penalties for getting it wrong or submitting returns late are greater than for sole traders</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">You can’t just withdraw money from the business without formally recording it as salary, dividend or loan</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Your company must pay a 25% tax on any money you borrow from your company if you don’t repay it within nine months of the year end (this is repayable after the loan has been </span><span style="font-family: 'Courier New';">repaid)</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">The company has to pay corporation tax on gains made if you sell company assets.</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><br />
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<p>Are you thinking of setting up a limited company? Here&#8217;s a simple, step by step guide to forming a limited company in the UK.</p>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>THE RULES</strong></span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??The company must have at least one director and a registered office, and must have “Limited” </span><span style="font-family: 'Courier New';">or “Ltd” after its name.</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??Private limited companies are not obliged to appoint a company secretary unless the </span><span style="font-family: 'Courier New';">company&#8217;s articles contain a reference to the company having a secretary.</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??Ownership in terms of the split of shares in the company is up to you but many freelancers </span><span style="font-family: 'Courier New';">split the shares with their spouses. </span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">HMRC have previously attempted to challenge this type of </span><span style="font-family: 'Courier New';">set up, in particular, with the infamous Arctic Systems case, which HMRC lost at the House of </span><span style="font-family: 'Courier New';">Lords. Following the case HMRC proposed a new set of rules to combat what they called </span><span style="font-family: 'Courier New';">income shifting; however, these have not yet come into force. In general, it is considered</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">best to make the split when the company is first formed and in the case of a husband and </span><span style="font-family: 'Courier New';">wife, ensure that the shares subscribed for or provided to the spouse are full ordinary shares.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">PCG members can download the guide to Family Business Tax for more information.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">The registered office is the company’s legal address and it can be your accountant’s office, </span><span style="font-family: 'Courier New';">your own office premises or your home office. In the case of a home office, it is important to </span><span style="font-family: 'Courier New';">check the terms of any lease or mortgage agreement to make sure there are no restrictions </span><span style="font-family: 'Courier New';">regarding commercial operations.</span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">The registered office must be within the jurisdiction in which the company was incorporated.</span><span style="font-family: 'Courier New';">So a company formed in Scotland must have a registered office in Scotland and a company </span><span style="font-family: 'Courier New';">formed in England or Wales must have its registered office in England or Wales. Legally, a </span><span style="font-family: 'Courier New';">plaque or sign must be displayed outside the building to show that this is the company </span><span style="font-family: 'Courier New';">registered office, although PCG does not know of any freelancers who have been prosecuted </span><span style="font-family: 'Courier New';">or investigated for failing to comply.</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??A limited company must file annual accounts with Companies House and also a corporation tax </span><span style="font-family: 'Courier New';">return accompanied with the accounts to HMRC. The limited company must also complete an </span><span style="font-family: 'Courier New';">annual return to Companies House. This document confirms details of the shareholders and </span><span style="font-family: 'Courier New';">directors of the company.</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Finally, any company with an annual turnover in excess of £73,000 from April 2011 must </span><span style="font-family: 'Courier New';">register for VAT. More information on the requirement to register is given in the VAT section.</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>THE ROLE OF THE COMPANY DIRECTORS</strong></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">As a company director you are legally responsible for making sure the company is run properly,</span><span style="font-family: 'Courier New';">according to the law and in the interests of the shareholders. The latter shouldn?t be too hard</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">given that you and/or your spouse are probably the only shareholders.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">A director of a limited company is not strictly an employee of that company unless he/she has a </span><span style="font-family: 'Courier New';">contract of employment. Although not a legal obligation, some freelancers draw up a contract of</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">employment as it can help make the case that you are not IR35 caught. However, bear in mind </span><span style="font-family: 'Courier New';">that employment leads to such responsibilities as the provision of the minimum wage and other</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">statutory benefits. Your accountant may have a standard contract that you can tailor to your </span><span style="font-family: 'Courier New';">specific needs or it may require you to engage the services of an employment law contract </span><span style="font-family: 'Courier New';">specialist to create one.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>QUESTIONS TO ASK YOURSELF</strong></span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??How long are you intending to freelance or contract for? (If it?s just a few months, it&#8217;s </span><span style="font-family: 'Courier New';">probably not worth setting up a limited company)</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??Can you handle the legal responsibility of being a company director?</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??Can you set up proper business to <a href="http://interviewing-answers.com/tag/business-relationships/" class="st_tag internal_tag" rel="tag" title="Posts tagged with business relationships">business relationships</a> with your clients so as to avoid being </span><span style="font-family: 'Courier New';">IR35 caught?</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??Can you simplify the admin with the help of a good accountant?</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><br />
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<p>Are you thinking of setting up a limited company? Here&#8217;s a simple, step by step guide to forming a limited company in the UK.<br />
<strong>Video Rating: 5 / 5</strong></p>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>HOW TO SET UP THE LIMITED COMPANY</strong></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Some freelancers consider putting some of their own personal money into the business as a loan </span><span style="font-family: 'Courier New';">from you to the business. This can be repaid later as the business begins to generate income. If</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">your business subsequently folds you may then lose your investment.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">The easiest way to set up a limited company is to ask an accountant to set one up for you, or to </span><span style="font-family: 'Courier New';">use the PCG Start-up package. Accountants usually charge around £100-£150, although some do </span><span style="font-family: 'Courier New';">it for free.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">You can also do it yourself, which can be a bit cheaper &#8211; around £40 (or £100 for a same day </span><span style="font-family: 'Courier New';">service). You can find out more about this in the guidance booklets available via the Companies House Website.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>WHAT TO DO IF YOU WANT TO CLOSE THE COMPANY</strong></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">If, for whatever reason, you decide you want to close down your company, you will need to </span><span style="font-family: 'Courier New';">complete a „Striking Off Application (DS01)? form available on the Companies House website</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">(www.companieshouse.gov.uk) – you need to have stopped trading at least three months before.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">If there are any funds left in the company, you need to decide how to take it out. There are three </span><span style="font-family: 'Courier New';">options: 1) take it out as dividends or 2) take it out as capital 3) make a company pension</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">contribution. Option 2 should, in a typical scenario, be the more attractive than Option 1. </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Check </span><span style="font-family: 'Courier New';">with an accountant, financial planner or tax planner to make sure the principle works with your </span><span style="font-family: 'Courier New';">specific situation.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Option 1: Take all the money out as dividends a</span><span style="font-family: 'Courier New';">ll remaining funds in the company after payment of all liabilities are treated as a final dividend </span><span style="font-family: 'Courier New';">distribution and allotted to the shareholders as usual. As with any other dividend, for basic rate</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">taxpayers there is no further liability to tax. Higher rate taxpayers will pay an additional 25% of </span><span style="font-family: 'Courier New';">the net dividend received that falls into the higher rate bracket, additional rate taxpayers will pay </span><span style="font-family: 'Courier New';">an additional 36.11%. Careful planning is required here as you might not know what other income </span><span style="font-family: 'Courier New';">you will receive in the rest of the tax year.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Option 2: Take all the money out as capital t</span><span style="font-family: 'Courier New';">o do this you need to let HMRC know that you intend to make a claim under Extra Statutory </span><span style="font-family: 'Courier New';">Concession ESC C16?. Essentially this concession treats the final distribution of the company as </span><span style="font-family: 'Courier New';">capital, rather than revenue and is therefore subject to Capital Gains Tax (CGT) rules.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">There are two useful reliefs for CGT:</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">1. The first £10,600 of annual capital gains are exempt from tax, and this applies to each </span><span style="font-family: 'Courier New';">taxpayer.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">2. There is also Entrepreneurs Relief. Normally, gains between £10,600 and £35,000 are charged </span><span style="font-family: 'Courier New';">at 18% and gains above £35,000 are charged at 28%. However, with Entrepreneurs Relief the </span><span style="font-family: 'Courier New';">tax rate on the gain is only 10%. You can claim this relief if:</span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">the company is your „personal company?, i.e. you own a minimum of five percent of the </span><span style="font-family: 'Courier New';">voting shares, and are an employee/director of the company</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">??the company is a qualifying trading company. There are limits on the amount of non-business </span><span style="font-family: 'Courier New';">assets the company can hold in order to meet the criteria – accumulated reserves count as </span><span style="font-family: 'Courier New';">non-business assets.</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Option 3: Make a company pension contribution</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">If you have a pension shortfall, you can make a lump sum contribution of up to £50,000 into a </span><span style="font-family: 'Courier New';">pension. This should reduce your Corporation Tax bill for your last year of trading, as they are an </span><span style="font-family: 'Courier New';">allowable expense under the revenue,s “Wholly and exclusively” rules. It will also reduce the CGT </span><span style="font-family: 'Courier New';">bill in Option 2 as the lump sum will be taken out of the business before it is closed down.</span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;">
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><br />
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<p>Part 2 of Jenrick IT&#8217;s &#8220;Contractor Advice&#8221; series of videos. For the resources which accompany this video, please visit: www.jenrickblog.co.uk This video features Marc Morris from 1st-Option Contractor Accountants. 1st-Option specialise in the provision of accountancy services to IT Contractors and will regularly feature on the Jenrick IT Videos. Jenrick IT is one of the most experienced and reputable IT recruitment consultancies in the UK. Having been established since 1984, Jenrick IT was one of the first UK recruitment companies to become ISO certified and it is also a 3 time winner of the Sunday Times 100 Best Companies to Work For. To learn more about Jenrick IT, click here: www.jenrickit.co.uk To learn more about 1st-Option Accountants, click here: www.1st-option.co.uk Please leave your comments and ratings we welcome your feedback! Also, if there are future topics you would like information on, please let us know.<br />
<strong>Video Rating: 4 / 5</strong></p>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"> </span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><strong>SUMARY: LIMITED COMPANIES</strong></span></p>
<ul>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Incorporating or operating as a limited company is a popular route for </span><span style="font-family: 'Courier New';">freelancers &#8211; many clients have a policy of not working with sole traders</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Because of the admin involved, it is not worth setting up a limited company if you </span><span style="font-family: 'Courier New';">only plan to freelance for a few months</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">Running a limited company is a big responsibility – you need to understand the </span><span style="font-family: 'Courier New';">rules</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">An accountant can help you set the company up</span></div>
</li>
<li>
<div class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';">HMRC can investigate company accounts up to two years after the end of the </span><span style="font-family: 'Courier New';">accounting period, including the accounts for the year you cease to trade.</span></div>
</li>
</ul>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"> Filed: UK Limited Company &#8211; Why As A Freelancer or Contractor You Might Want To Set One Up</p>
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		<title>Thinking of Becoming a Freelancer or Contractor in the UK</title>
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		<pubDate>Wed, 28 Dec 2011 01:47:44 +0000</pubDate>
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				<category><![CDATA[Considering Contracting]]></category>
		<category><![CDATA[business relationships]]></category>
		<category><![CDATA[generic terms]]></category>
		<category><![CDATA[income tax self assessment]]></category>
		<category><![CDATA[individual partners]]></category>
		<category><![CDATA[ir35]]></category>
		<category><![CDATA[legal category]]></category>
		<category><![CDATA[limited companies]]></category>
		<category><![CDATA[limited liability partnership]]></category>
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		<category><![CDATA[self employed business]]></category>
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		<description><![CDATA[Freelance or Freelancer Self Employment Trading options &#160;   The terms freelancer or contractor are generic terms given to describe the various official UK government titles that specifically describe the trading and tax structure that you may choose. The options include:- Trading structure &#8211; Legal category &#8211; Your tax status Limited company -Incorporated -  Company director and/or [...]<p><a href="http://interviewing-answers.com/1087/thinking-of-becoming-a-freelancer-or-contractor-in-the-uk/">Thinking of Becoming a Freelancer or Contractor in the UK</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<h2><span style="color: #000000; font-family: Calibri; font-size: small;">Freelance or Freelancer Self Employment Trading options</span></h2>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p><strong><br />
</strong></p>
<p>The terms freelancer or contractor are <a href="http://interviewing-answers.com/tag/generic-terms/" class="st_tag internal_tag" rel="tag" title="Posts tagged with generic terms">generic terms</a> given to describe the various official UK government titles that specifically describe the trading and tax structure that you may choose.</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">The options include:-</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Trading structure &#8211; </span></span></span><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;"><a href="http://interviewing-answers.com/tag/legal-category/" class="st_tag internal_tag" rel="tag" title="Posts tagged with legal category">Legal category</a> &#8211; Your tax status</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;"><a href="http://interviewing-answers.com/1093/uk-limited-company-why-as-a-freelancer-or-contractor-you-might-want-to-set-one-up/">Limited company</a> -Incorporated -<span style="mso-tab-count: 1;">  </span>Company director and/or employee of your compan</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Sole trader  - Unincorporated -<span style="mso-tab-count: 1;">   </span>Self-employed</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Partnership  - Unincorporated - Self-employed</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Limited liability partnership &#8211; Incorporated - Self-employed</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Umbrella company &#8211; Incorporated - Employee of the umbrella</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Note: An incorporated business is a <a href="http://interviewing-answers.com/tag/separate-legal-entity/" class="st_tag internal_tag" rel="tag" title="Posts tagged with separate legal entity">separate legal entity</a>. You can think of it as being like a separate person – it can own things, have bank accounts in its own name, and it can be liable for debts or lawsuits. If you are unincorporated it means that you and the business are one and the same – there is no legal separation.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Each of the above has different trading and taxation rules it need to follow, and at this point it may be advisable to get professional advice to ensure you choose the best trading structure for your unique needs.<span style="mso-spacerun: yes;">  </span></span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Sole traders and ordinary partnerships:-</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Sole traders and ordinary partnerships are known as <a href="http://interviewing-answers.com/tag/unincorporated-businesses/" class="st_tag internal_tag" rel="tag" title="Posts tagged with unincorporated businesses">unincorporated businesses</a> – in other words,</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">you are self-employed as opposed to having a separate corporate structure. As a result sole</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">traders and partners in a business report their income on their own income tax self-assessment</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">return. Sole traders will complete a self-employment page and the <a href="http://interviewing-answers.com/tag/individual-partners/" class="st_tag internal_tag" rel="tag" title="Posts tagged with individual partners">individual partners</a> will </span></span></span><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">complete a partnership page.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">If, as a sole trader or partnership you are deemed employed then your client will be liable for</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">tax and NICs on the fees they have paid you. This can be charged retrospectively for as long</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">as the engagement took place, even if that means several years. It can be very expensive and</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">probably won’t do your client relationship much good if the situation should arise.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">limited liability partnerships (LLP):-</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Under an LLP structure the Intermediaries Legislation (IR35) will apply and thus if the engagement</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">is deemed by HMRC to be employment, the partnership itself will be liable for the extra tax and</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">NIC’s both employers and employee’s.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Implications for <a href="http://interviewing-answers.com/tag/limited-companies/" class="st_tag internal_tag" rel="tag" title="Posts tagged with limited companies">limited companies</a>:-</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">If you are the director of your own limited company through which you bill your client(s), and the</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">taxman says you are deemed employed, then the IR35 legislation can kick in, allowing HMRC to</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">re-classify the engagement between you and your client as IR35 caught.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">If you are working with more than one client you are less likely to be caught by IR35 however it is</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">not impossible for IR35 to apply to one or more of them since IR35 is assessed engagement by</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">engagement.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">The typical relationship involving a <a href="http://interviewing-answers.com/1093/uk-limited-company-why-as-a-freelancer-or-contractor-you-might-want-to-set-one-up/">freelancer trading through a limited company</a> is:</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Engaging organisation (the client) – limited company service provider (your company/the</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">“intermediary”) – the worker (you), and there may be an agency between your company and the client.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">What the IR35 Intermediaries legislation allows HMRC to do is create a hypothetical contract</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">which asks the question: “If the intermediary (your company) was removed from the business</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">relationship and the worker (you) were engaged directly by the end client what would that</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">relationship be?”</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;"><br />
</span></span></span></p>
<h3><a href="http://www.amazon.com/Quick-Easy-Guide-Contracting-Uk/dp/144784730X%3FSubscriptionId%3DAKIAJJG7Y5MTZKDHFOYA%26tag%3Dsentientrecru-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D144784730X" rel="nofollow">The Quick And Easy Guide To It Contracting In The Uk</a></h3>
<p><a href="http://www.amazon.com/Quick-Easy-Guide-Contracting-Uk/dp/144784730X%3FSubscriptionId%3DAKIAJJG7Y5MTZKDHFOYA%26tag%3Dsentientrecru-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D144784730X" rel="nofollow"><img style="float: left; margin: 0 20px 10px 0;" src="http://ecx.images-amazon.com/images/I/41dkHa6qv3L._SL160_.jpg" alt="" /></a></p>
<p>Originally from Sydney, Australia, Shane Sekuloski has been based in Central London since 2004 working on contracts predominantly in the Finance and Investment Banking industries for London-based clients with European operations. Shane&#8217;s clients in London have included Barclays Bank, Citigroup, Brit Insurance, and JPMorgan Chase.Shane says: &#8220;My aim in this quick-and-easy guide is not to blow your mind with the myriad intricacies of the IT contracting world, but to tell you what you need to know</p>
<div style="float: right;"><a href="http://www.amazon.com/Quick-Easy-Guide-Contracting-Uk/dp/144784730X%3FSubscriptionId%3DAKIAJJG7Y5MTZKDHFOYA%26tag%3Dsentientrecru-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D144784730X" rel="nofollow"><img src="http://interviewing-answers.com/wp-content/plugins/WPRobot3/images/buynow-big.gif" alt="" /></a></div>
<p>List Price: $ 10.76</p>
<p><strong>Price: </strong></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">If HMRC can successfully argue that the relationship would most closely represent a contract of</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">service (employment), then only for tax purposes and only for the engagement(s) in question, you</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">will be deemed an employee. And in this scenario, you can only be deemed an employee of …</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">your own company!</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">The taxman will then insist that your own limited company should have deducted PAYE tax and</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">NICs on the all of the fees paid by the client, as if the fees were salary payments. The additional</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">tax due can be charged retrospectively going back up to six years. </span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">They may also charge interest </span></span></span><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">and penalties, and there are likely to be accountancy fees to sort it all out. That’s how contractors </span></span></span><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">can find themselves owing tens of thousands and sometimes even hundreds of thousands in tax </span></span></span><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">and NIC?s that they weren’t expecting.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<h3>How HM Revenue &amp; Customs assesses your employment status</h3>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Currently HM Revenue &amp; Customs (HMRC) use three key status indicators to decide whether you</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">are a genuine business or whether you are in fact a “disguised employee? of your client. The</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">principle is that if you have an engagement where you have to provide your personal service,</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">where there is an obligation to offer and accept work and where you can be controlled by the</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">engager, then a contract of service (employment) exists.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Where any one of these three elements is missing, then it cannot be a contract of employment and</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">so logically it must be a contract for services (self-employment). In an ideal world, it would be</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">best to “pass” all three key tests, but “passing” two is better than one. But where these status</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">indicators are inconclusive, one should also consider “in business? factors or factors which show</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">that a freelancer is taking the kind of financial risk that would not be required of an employee. In</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">essence, the more factors in your favour the better.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Being in business can be most easily demonstrated by the type of expenditure you incur; for</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">example, most employees do not need to invest in office equipment and stationery to do their job.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">It is highly unlikely that an employee would need liability insurances or to submit invoices in order</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">to get paid. Also most employees will receive some form of employment benefits and have the</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">protection of employment law. If you are IBOYOA you will have to make provision for all of these</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">things and face the prospect of contracts terminating at short notice and with no guarantee of</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">finding future work etc.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;"><br />
<object width="425" height="355" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="src" value="http://www.youtube.com/v/O41xKAfumrg?fs=1&amp;rel=0" /><param name="allowfullscreen" value="true" /><embed width="425" height="355" type="application/x-shockwave-flash" src="http://www.youtube.com/v/O41xKAfumrg?fs=1&amp;rel=0" allowFullScreen="true" allowfullscreen="true" /></object></span></span></span></p>
<p>How Contractors and Freelance workers can get sponsored for a UK Tier 2 Work Visa<br />
<strong>Video Rating: 5 / 5</strong></p>
<p>&nbsp;</p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">The key is to think of yourself as a business and act as one. This goes beyond business structure -</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">It’s a principle that actually starts in your head. You are you, and the service you offer is your</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">business. In short, genuine freelancers are in business on their own account and bear the</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">responsibility for the success or failure of their business. They are not „disguised employees?.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Ultimately, a number of factors can come together to create a whole “picture? of your employment</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">status. So rather than relying on any single factor to protect you from being wrongly accused of</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">being an employee, make sure the whole picture of your status can reasonably be said to be that</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">of a business. For more information, PCG provides a wealth of resources for its members, including</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">tax and legal helplines, and specific guides to IR35 and the Agency Workers Regulations.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Specify your working relationship by means of a contract</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">In a dispute the courts will look at the contract between your business and your client to infer whether or not you are actually an employee by another name. Therefore, it’s essential to draw up a contract for any large project you take on. </span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000; font-family: Calibri;"> </span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Furthermore, it should be a contract for services with your business, not a contract of service</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">with you personally. This contract should accurately reflect the relationship between parties, and should include clauses that demonstrate your ability to send substitutes, the lack of mutuality of obligation, and that you have direction and control over your work.</span></span></span></p>
<p class="MsoPlainText" style="margin: 0cm 0cm 0pt;"><span style="font-family: 'Courier New';"><span style="color: #000000;"><span style="font-family: Calibri;">Filed: Thinking of Becoming a Freelancer or Contractor in the UK</span></span></span></p>
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		<title>Getting The Most Out Of Linkedin</title>
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		<pubDate>Sat, 12 Nov 2011 14:49:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[As a recruiter I can testify that Linkedin is a wonderful tool. Linkedin has slashed my advertising costs, enables me to easily find people I would never have previously found, and market my self and services at almost zero cost (my time to set up Linkedin initially, and brief daily management). However as Linkedin evolves, [...]<p><a href="http://interviewing-answers.com/1077/getting-the-most-out-of-linkedin/">Getting The Most Out Of Linkedin</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<p>As a recruiter I can testify that Linkedin is a wonderful tool.</p>
<p>Linkedin has slashed my advertising costs, enables me to easily find people I would never have previously found, and market my self and services at almost zero cost (my time to set up Linkedin initially, and brief daily management).</p>
<p>However as Linkedin evolves, and the worlds business population becomes more comfortable with online media  and social services, I know I am barely scratching the surface of what Linkedin can do for me.</p>
<p>Aside from my recruitment business, I have also started helping friends promote their businesses using the Internet; combining websites, blogging, Google Places, Linkedin, You Tube, Facebook and Twitter.</p>
<p>Though I still class this as a hobby I find in fascinating how most small business owners are reluctant to invest much time in the marketing of their businesses via the net, this soon changes when they see the potential, and unbeatable ROI this form of marketing offers.</p>
<p>Linkedin can be central in this marketing approach whether marketing yourself and your skills, or your company and services offered. If you are looking for a job Linkedin enables so much more than an on line CV / resume, as you can showcase your abilities in your Linkedin profile, summary and experience sections, and back this up with proof of achievements, through Linkedin recommendations provided to you by bosses, colleagues, and friends.  Add in the ability to show videos, slide presentations, white papers, and links to other social / business media you might have.</p>
<p>A good Linkedin profile could become your most powerful sales tool.</p>
<p>Anyway whilst Linkedin remains a free service for the majority of people and businesses, I feel it is a service well worth investing a few hours to evaluate how much it will help you.</p>
<p>However the purpose of this article is to tell you about a Linkedin training course I recently bought. <a href="http://www.sentient-recruitment.com/linkedin-influence-review.html" target="_blank">Linkedin Influence</a> is a video and ebook training course on how to make the most out of linkedin. I felt I knew most of the recruitment tricks for Linkedin, and bought the course to help me better understand how small businesses could best promote themselves, develop their brand, reputation, and bring more leads to their door.</p>
<p>&nbsp;</p>
<p><a href="http://interviewing-answers.com/wp-content/uploads/2011/11/lewis-howes-linkedin-influence1.jpg"><img class="alignright size-full wp-image-1082" title="lewis-howes-linkedin-influence" src="http://interviewing-answers.com/wp-content/uploads/2011/11/lewis-howes-linkedin-influence1.jpg" alt="Linkedin Influence created by Lewis Howes" width="249" height="202" /></a>This course has been put together by author and Linkedin expert <a href="http://interviewing-answers.com/tag/lewis-howes/" class="st_tag internal_tag" rel="tag" title="Posts tagged with lewis howes">Lewis Howes</a>, who demonstrates how to set up Linkedin so that you get out of it whatever you need, be it more business, job opportunities, potential partners or investors.</p>
<p>The course comprises 25 videos broken down into 4 modules,  two pdf ebooks covering basic Linkedin set up and advanced Linkedin strategies, and a excellent bonus course for Twitter called <a href="http://interviewing-answers.com/tag/twixplode/" class="st_tag internal_tag" rel="tag" title="Posts tagged with twixplode">Twixplode</a> (Twitter and Linkedin can be the perfect marketing combo, and this bonus shows you how).</p>
<p>&nbsp;</p>
<p><a href="http://interviewing-answers.com/tag/linkedin-influence/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Linkedin influence">Linkedin Influence</a> will be ideal for those who are familiar with Linkedin, but are unsure of how to turn its potential into the value you are looking for.</p>
<p>So if you think you or your business could benefit from Linkedin look take a look at <a href="http://www.sentient-recruitment.com/linkedin-influence-review.html" target="_blank">Linkedin Influence by Lewis Howes</a>.</p>
<div style='clear:both'></div><br/><script type="text/javascript" class="owbutton" src="http://onlywire.com/btn/button_1674" title="Getting The Most Out Of Linkedin" url="http://interviewing-answers.com/1077/getting-the-most-out-of-linkedin/"></script><p><a href="http://interviewing-answers.com/1077/getting-the-most-out-of-linkedin/">Getting The Most Out Of Linkedin</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
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		<title>LinkedIn Profile Optimisation &#8211; How To Get Found By Recruiters</title>
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		<pubDate>Sat, 22 Oct 2011 17:16:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[linkedin network]]></category>
		<category><![CDATA[linkedin profile optimization]]></category>
		<category><![CDATA[open networkers]]></category>

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		<description><![CDATA[Linkedin Profile Optimisation &#8211; It&#8217;s All About Keywords If you are looking to get headhunted or found by recruiters on LinkedIn, the trick is to understand the keywords that recruiters will be using to find you. What I mean is what are the keywords that describe the work you do, identify them and then  make [...]<p><a href="http://interviewing-answers.com/1070/linkedin-profile-optimisation-how-to-get-found-by-recruiters/">LinkedIn Profile Optimisation &#8211; How To Get Found By Recruiters</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<h2>Linkedin Profile Optimisation &#8211; It&#8217;s All About Keywords</h2>
<p>If you are looking to get headhunted or found by recruiters on LinkedIn, the trick is to understand the keywords that recruiters will be using to find you.</p>
<p>What I mean is what are the keywords that describe the work you do, identify them and then  make sure that they are sprinkled throughout your LinkedIn profile, this is what I mean by <strong>Linkedin profile optimisation</strong>.<a href="http://interviewing-answers.com/wp-content/uploads/2011/10/linkedin-logo1.jpg"><img class="alignright size-full wp-image-1074" title="linkedin-logo1" src="http://interviewing-answers.com/wp-content/uploads/2011/10/linkedin-logo1.jpg" alt="Linkedin Profile Optimisation" width="202" height="249" /></a></p>
<p>I&#8217;m a recruiter and as an example if I were looking for a risk management consultant to to work out of London, I would simple type in the keywords risk management, as this would bring me up all the Linkedin profiles well optimised for my keyword in the world, I would go over to the advanced search parameters on the left of the window and add London, to narrow my search.</p>
<p>In reality I would add more keywords and maybe company names to really pinpoint what I want, but the principal is simple; understand what keywords you need to be found for and optimise you profile accordingly.</p>
<p>The other thing that will hamper you ability to be found by recruiters and in house talent acquisition teams is if your network is too small. Because LinkedIn works to 3 degrees of separation, you do really need to have at least a few hundred connections.</p>
<p>In fact the bigger your network the better, as it means the more people can find you and therefore possibly approach you with employment opportunities.</p>
<p>And finally you need to make sure your Linkedin Profile is also compelling. If you have keyword optimised your Linkedin profile, built a reasonable sized <a href="http://interviewing-answers.com/tag/linkedin-network/" class="st_tag internal_tag" rel="tag" title="Posts tagged with linkedin network">Linkedin network</a>, your profile will be found by recruiters (assuming your role is in demand).</p>
<p>So your profile needs to demonstrate to your readers, that you have the skills and ability their client is after.</p>
<p>To make all this easy I have put together a free guide &#8220;<strong><a href="http://www.sentient-recruitment.com/linkedin-how-to-get-headhunted.html" target="_blank">Linkedin How To Get Headhunted</a></strong>&#8221; which will expose the secret to getting prominent placement for your chosen keywords, how to ensure the profile is compelling, and how to easily build a powerful LinkedIn network in double quick time.</p>
<p>Please follow this link and let me show you <strong><a href="http://www.sentient-recruitment.com/linkedin-how-to-get-headhunted.html" target="_blank">how to use Linkedin to get found by recruiters</a>.</strong></p>
<p>Filed : LinkedIn Profile Optimisation.</p>
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		<title>How To Craft Great Behavioral Interview Answers</title>
		<link>http://interviewing-answers.com/1057/how-to-craft-great-behavioral-interview-answers/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=how-to-craft-great-behavioral-interview-answers</link>
		<comments>http://interviewing-answers.com/1057/how-to-craft-great-behavioral-interview-answers/#comments</comments>
		<pubDate>Sun, 04 Sep 2011 16:11:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured Articles]]></category>
		<category><![CDATA[behavioral interview answers]]></category>
		<category><![CDATA[behavioral interview questions]]></category>

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		<description><![CDATA[Why Behavioral Interview Answers Behavioral interviewing is fast becoming the standard for business looking to hire the best candidates. Therefore being able to craft compelling behavioral interview answers is a valuable skill. Behavioral interviewing is based on the recognition that humans tend to repeat their behavior, put in similar situations. Therefore a good interviewer will [...]<p><a href="http://interviewing-answers.com/1057/how-to-craft-great-behavioral-interview-answers/">How To Craft Great Behavioral Interview Answers</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<h2>Why Behavioral <a href="http://interviewing-answers.com/tag/interview/" class="st_tag internal_tag" rel="tag" title="Posts tagged with interview">Interview</a> Answers</h2>
<p>Behavioral interviewing is fast becoming the standard for business looking to hire the best candidates. Therefore being able to craft compelling <strong><a href="http://interviewing-answers.com/tag/behavioral-interview-answers/" class="st_tag internal_tag" rel="tag" title="Posts tagged with behavioral interview answers">behavioral interview answers</a></strong> is a valuable skill.</p>
<p>Behavioral interviewing is based on the recognition that humans tend to repeat their behavior, put in similar situations. Therefore a good interviewer will ask you to describe your past experiences that relate to the role you are interested in.</p>
<p>And as you answer they will dig deeper.</p>
<p>For example a typical behavioral job interview question, may be phrased along the lines of, &#8220;please describe the last time you encountered&#8230;&#8221;</p>
<p>and as you recollect the appropriate experience, the interviewer may ask further questions, such as why did you do what you did, what were the alternatives, what were you thinking at the time. Well constructed behavioral question trees, will soon give the interviewer all the information they need.</p>
<p>Being able to craft great <strong><a href="http://www.sentient-recruitment.com/behavioral-interview-answers.html" target="_blank">behavioral interview answers</a></strong> will take a little research and some sound preparation. The video below explains about behavioral interviewing, and how best to prepare so you can bowl the interviewer over with your behavioral interview answers.</p>
<p>&nbsp;</p>
<div align="center"><iframe src="http://www.youtube.com/embed/Th54JFLTiwQ" frameborder="0" width="420" height="345"></iframe></div>
<h3> STAR Story Behavioral Interview Answers</h3>
<p>The video alludes to creating Star story behavioral interview answers in answer to those tough questions coming your way.</p>
<p>Realizing that interviewers are looking for three main ingredients from your answers, commercial understanding of how your individual contribution aligns with that of the company, demonstration of the skills needed, and demonstration of the personality traits they value most.</p>
<p>There are eight general personality traits that all companies look for, and by knowing this, and by using the renown STAR Method to frame your answers, a person can prepare a fantastic behavioral interview answers library, ready for questions you can logically predict.</p>
<p>The idea being you a number or work and non-work related experiences crafted into star stories that can be re-purposed on the fly in your interview . This approach to creating compelling behavioral interview answers works extremely well, and is the best strategy for dealing with a tough style of interviewing.</p>
<p>We have created a free guide (Interview Sniper) on how to craft stunning star story behavioral interview answers which can be downloaded free from Facebook.</p>
<h2 style="text-align: center;"> <a href="http://www.facebook.com/pages/Interview-Sniper/208714015851370" target="_blank"><span style="color: #ff0000;">Download Interview Sniper Now</span></a></h2>
<p>Thanks for visiting and good luck with your job iterviews.</p>
<p>Filed: How To Craft Great Behavioral Interview Answers</p>
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		<title>Star Method Behavioral Interview Answers &#8211; Your Secret Interview Weapon</title>
		<link>http://interviewing-answers.com/1050/star-method-behavioral-interview-answers-your-secret-interview-weapon/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=star-method-behavioral-interview-answers-your-secret-interview-weapon</link>
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		<pubDate>Sat, 03 Sep 2011 08:58:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured Articles]]></category>

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		<description><![CDATA[Behavioral Interview Answers &#8211; How To Craft Killer Ones Just posted a article called Behavioral Interview Answers &#8211; Sample Behavioral Answers to Make Certain You Pass The Test, the article demonstrates how you can use a couple of techniques to great effect in answering tough behavioral job interview questions. Namely it demonstrates how with a [...]<p><a href="http://interviewing-answers.com/1050/star-method-behavioral-interview-answers-your-secret-interview-weapon/">Star Method Behavioral Interview Answers &#8211; Your Secret Interview Weapon</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<h2 style="text-align: center;"><a href="http://interviewing-answers.com/tag/behavioral-interview-answers/" class="st_tag internal_tag" rel="tag" title="Posts tagged with behavioral interview answers">Behavioral Interview Answers</a> &#8211; How To Craft Killer Ones</h2>
<p>Just posted a arti<a title="Behavioral Interview Answers" href="http://interviewing-answers.com/wp-content/uploads/2011/09/behavioral-interview-answers.jpeg"><img class="alignleft size-thumbnail wp-image-1051" style="margin: 10px;" title="behavioral interview answers" src="http://interviewing-answers.com/wp-content/uploads/2011/09/behavioral-interview-answers-150x123.jpg" alt="behavioral interview answers for panel interview" width="150" height="123" /></a>cle called <strong><a href="http://www.sentient-recruitment.com/behavioral-interview-answers.html" target="_blank">Behavioral Interview Answers &#8211; Sample Behavioral Answers to Make Certain You Pass The Test</a></strong>, the article demonstrates how you can use a couple of techniques to great effect in answering tough behavioral job <a href="http://interviewing-answers.com/tag/interview/" class="st_tag internal_tag" rel="tag" title="Posts tagged with interview">interview</a> questions.</p>
<p>Namely it demonstrates how with a little research you will be able to identify what the interviewer will be looking for in your <strong>behavioral interview answers</strong>.</p>
<p>&nbsp;</p>
<h3>Behavioral Interview Answers &#8211; Critical Ingredients</h3>
<ul>
<li>How to demonstrate you understand the commercial value your role provides.</li>
<li>How to demonstrate the key technical skills required (accounting, project management, receptionist as examples).</li>
<li>How to identify the critical personality traits the your behavioral interview answers MUST demonstrate.</li>
<li>How to wrap all this up into compelling STAR story behavioral interview answers.</li>
</ul>
<p>Star stories are a super powerful way of using the renown STAR Method to frame your behavioral interview answers.</p>
<p>This technique when mastered is life changing, follow the lead to find out more on creating wonderful <strong></strong><strong><a href="http://www.sentient-recruitment.com/behavioral-interview-answers.html" target="_blank">Behavioral Interview Answers&#8230;</a></strong></p>
<p><strong></strong>Filed: behavioral interview answers</p>
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		<title>What Are QTP Check Points in HP Quick Test Pro</title>
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		<pubDate>Mon, 22 Aug 2011 09:18:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[QTP Interview Questions]]></category>
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		<description><![CDATA[QTP Check Points QTP Check Points &#8211; HP acquired Mercury interactive to get the Quick Test Professional testing suite. QTP is now a part of Hewlett Packard’s suite of Quality Center Tools. Providing functional and regression test automation for software applications and environments QTP is used for enterprise quality assurance. HP QTP supports keyword and [...]<p><a href="http://interviewing-answers.com/994/what-are-qtp-check-points-in-hp-quick-test-pro/">What Are QTP Check Points in HP Quick Test Pro</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
]]></description>
			<content:encoded><![CDATA[<h2><a href="http://interviewing-answers.com/tag/qtp-check-points/" class="st_tag internal_tag" rel="tag" title="Posts tagged with qtp check points">QTP Check Points</a></h2>
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<p><strong>QTP Check Points</strong> &#8211; HP acquired Mercury interactive to get the Quick Test Professional testing suite. QTP is now a part of Hewlett Packard’s suite of Quality Center Tools. Providing functional and regression test automation for software applications and environments QTP is used for enterprise quality assurance.</p>
<p><a href="http://interviewing-answers.com/wp-content/uploads/2011/08/qtp-interview-questions-screenshot.jpg"><img class="alignleft size-thumbnail wp-image-995" style="margin: 10px;" title="qtp-interview-questions-screenshot" src="http://interviewing-answers.com/wp-content/uploads/2011/08/qtp-interview-questions-screenshot-150x150.jpg" alt="QTP custom check points screen shot" width="150" height="150" /></a>HP QTP supports keyword and scripting interfaces and features a graphical user interface.[3] It uses the Visual Basic Scripting Edition (VBScript) scripting language to specify a test procedure, and to manipulate the objects and controls of the application under test.[3]</p>
<p>&nbsp;</p>
<p>A checkpoint verifies that expected information is displayed in an Application while the test is running. You can add eight types of checkpoints to your test for standard web objects using QTP. A page checkpoint checks the characteristics of an Application. A text checkpoint checks that a text string is displayed in the appropriate place on an Application. An object checkpoint (Standard) checks the values of an object on an Application. An image checkpoint checks the values of an image on an Application. A table checkpoint checks information within a table on a Application. An Accessibility checkpoint checks the web page for Section 508 compliance. An XML checkpoint checks the contents of individual XML data files or XML documents that are part of your Web application. A database checkpoint checks the contents of databases accessed by your web site</p>
<p>&nbsp;</p>
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<p>We can add checkpoints while recording the application or we can add after recording is completed using Active screen (Note : To perform the second one The Active screen must be enabled while recording).</p>
<p>Put another way Check points are nothing but a one method which checks the content before or after any step.</p>
<p>User can customize setting according to his/her needs.</p>
<p>&nbsp;</p>
<p>- It can provides delay between two steps.</p>
<p>&nbsp;</p>
<p>In QTP 9.2 you can see following check points..</p>
<p>&nbsp;</p>
<p>Types of check points:-</p>
<p>&nbsp;</p>
<p>1. Standard Check Point</p>
<p>2. Bitmap Check Point</p>
<p>3. Database Check Point</p>
<p>4. Text Check Point</p>
<p>5. Text Area Check Point</p>
<p>6. Accessibility Check Point</p>
<p>7. XML Check Point &#8211; From Application</p>
<p>8. XML Check Point &#8211; From resource</p>
<p>&nbsp;</p>
<p>You can put check points in a two way, after recording and during recording.</p>
<h3>HP QTP Check Points Video Demonstration</h3>
<p>The following video demonstration shows how Quick Test Professional custom check points can be used&#8230;</p>
<p><object width="420" height="345" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/PPireltuE70?version=3&amp;hl=en_US&amp;rel=0" /><param name="allowfullscreen" value="true" /><embed width="420" height="345" type="application/x-shockwave-flash" src="http://www.youtube.com/v/PPireltuE70?version=3&amp;hl=en_US&amp;rel=0" allowFullScreen="true" allowscriptaccess="always" allowfullscreen="true" /></object></p>
<p><a href="http://www.sentient-recruitment.com/qtp-interview-questions.html" target="_blank">Find out more about Quick Test Pro</a></p>
<p>Filed:What Are QTP Check Points in HP Quick Test Pro<br />
</p>
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		<title>Download Free QTP Interview Questions and Answers Guide pdf</title>
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		<pubDate>Sat, 20 Aug 2011 15:24:36 +0000</pubDate>
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		<title>Programming Challenges</title>
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		<pubDate>Wed, 11 May 2011 17:47:46 +0000</pubDate>
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		<description><![CDATA[How to &#8211; Interview Practice by Eastenhuh 10 Ways to Win a Job Interview 10 Ways to Win a Job Interview &#8211; In addition to correctly answering every question an interviewer asks, there are other ways in which you can make a conscious effort to impress an interviewer, and make sure that he or she [...]<p><a href="http://interviewing-answers.com/928/programming-challenges/">Programming Challenges</a> is a post from: <a href="http://interviewing-answers.com">Interviewing Answers</a></p>
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			<content:encoded><![CDATA[<h1>How to &#8211; <a href="http://interviewing-answers.com/tag/interview/" class="st_tag internal_tag" rel="tag" title="Posts tagged with interview">Interview</a> <a href="http://interviewing-answers.com/tag/practice/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Practice">Practice</a></h1>
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<p><strong>10 Ways to Win a Job Interview</strong></p>
<p>10 Ways to Win a Job Interview &#8211; In addition to correctly answering every question an interviewer asks, there are other ways in which you can make a conscious effort to impress an interviewer, and make sure that he or she remembers you, even after you&#8217;ve left the interview.</p>
<p>1. Be Prepared:</p>
<p>What questions you are likely to be asked is not the only thing you need to know when preparing for a job interview. Arriving at the appointment on time, or better yet, arriving early is something you will need to be mindful of. Map out the route to the company&#8230;maybe even driving there&#8230;to see how long it takes to get there. Just in case the original resume you sent has gotten lost or misplaced, you should take a copy with you. Also, you may want to take along something to read in case you have to wait a little while before the interview.</p>
<p>2. Dress Appropriately:</p>
<p>A girl wearing jeans or a guy in a T-shirt isn&#8217;t the appropriate dress for a job interview. Since hirers usually take notice of these things, you&#8217;re less likely to get the job than someone dressed in conservative business attire. You can never be too overdressed for a job interview unless you&#8217;re wearing a tux or evening gown.</p>
<p>3. Be Confident:</p>
<p>Approval from an interviewer is getting that phone call to come in and be interviewed for the company. You may have thought you weren&#8217;t qualified enough for a position, but the interviewer saw something different. It&#8217;s important that you believe you are capable of performing the job, if the company who calls you believes the same thing. Want an interviewer to remember you? Project an air of confidence without sounding conceited or cocky. Talk about your skills and experience with pride and&#8230;above all&#8230;let the interviewer know that you think you could do a good job.</p>
<p>4. Make Eye Contact:</p>
<p>Maintaining direct eye contact and being attentive throughout the interview are ways to project confidence. To assure the interviewer that you are both on the same page, always look this person directly in the eye. What if there&#8217;s more than one person? When answering questions in front of two or more people, move from person to person, but make sure to establish eye contact with each person long enough so that you don&#8217;t seem shifty.</p>
<p>5. Show Your Enthusiasm:</p>
<p>A candidate who lacks confidence is bad enough, but one who lacks enthusiasm is even worse. This lack of behavior will probably only frustrate the interviewer. Show how willing and excited you are about taking on a new challenges and tasks the company may ask of you. Even if you&#8217;re not familiar with the job, show how eager you are to learn. When showing enthusiasm, like showing confidence, there is a line you have to walk to be sure you seem originally excited but not obsequious or insincere.</p>
<p>6. Know The Position:</p>
<p>You should know something about the job position you are applying to and an idea of the type of person the company is looking for. To learn more about the tasks involved, talk to friends or people you know in that type of job or industry. Think of a few tasks you think you will be asked to perform and prepare answers to these questions.</p>
<p>7. Know The Industry:</p>
<p>Do research and find out as much as you can about the industry, and let the interviewer know that you are willing and ready to deal with the day-to-day tasks of the job at hand and you have a strong knowledge of the industry as a whole.</p>
<p>8. Know The Company:</p>
<p>As important as knowing the job and knowing the industry is, knowing the company is probably most important. The interviewer will most likely ask you questions about the company, so you will be a more impressive candidate if you not only have the skills to do the job well, but also have strong knowledge of the company.</p>
<p>9. Practice:</p>
<p>Practicing your answers to questions that are likely to be asked, is the key to projecting a calm and confident exterior during the interview. Practicing for an interview can be done in front of a mirror or role-play with a friend.</p>
<p>10. Follow Up:</p>
<p>Once the interview is over don&#8217;t stop there. Be sure to follow up with a quick note or a short friendly phone call to the person with whom you spoke. A follow-up will help keep your name fresh in the interviewers mind.</p>
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<p><strong>10 Ways to Win a Job Interview</strong></p>
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<p>                  <a href="http://www.articlesbase.com/" title="Free Online Articles Directory">Home Page</a> &gt; <a href="http://www.articlesbase.com/careers-articles/">Careers</a> &gt; 10 Ways to Win a Job Interview              </p>
<p>    10 Ways to Win a Job Interview</p>
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<p>  ]]&gt;</p>
<p>In addition to correctly answering every question an interviewer asks, there are other ways in which you can make a conscious effort to impress an interviewer, and make sure that he or she remembers you, even after you&#8217;ve left the interview.</p>
<p>&#13;1. Be Prepared:</p>
<p>&#13;What questions you are likely to be asked is not the only thing you need to know when preparing for a job interview. Arriving at the appointment on time, or better yet, arriving early is something you will need to be mindful of. Map out the route to the company&#8230;maybe even driving there&#8230;to see how long it takes to get there. Just in case the original resume you sent has gotten lost or misplaced, you should take a copy with you. Also, you may want to take along something to read in case you have to wait a little while before the interview.</p>
<p>&#13;2. Dress Appropriately:</p>
<p>&#13;A girl wearing jeans or a guy in a T-shirt isn&#8217;t the appropriate dress for a job interview. Since hirers usually take notice of these things, you&#8217;re less likely to get the job than someone dressed in conservative business attire. You can never be too overdressed for a job interview unless you&#8217;re wearing a tux or evening gown.</p>
<p>&#13;3. Be Confident:</p>
<p>&#13;Approval from an interviewer is getting that phone call to come in and be interviewed for the company. You may have thought you weren&#8217;t qualified enough for a position, but the interviewer saw something different. It&#8217;s important that you believe you are capable of performing the job, if the company who calls you believes the same thing. Want an interviewer to remember you? Project an air of confidence without sounding conceited or cocky. Talk about your skills and experience with pride and&#8230;above all&#8230;let the interviewer know that you think you could do a good job.</p>
<p>&#13;4. Make Eye Contact:</p>
<p>&#13;Maintaining direct eye contact and being attentive throughout the interview are ways to project confidence. To assure the interviewer that you are both on the same page, always look this person directly in the eye. What if there&#8217;s more than one person? When answering questions in front of two or more people, move from person to person, but make sure to establish eye contact with each person long enough so that you don&#8217;t seem shifty.</p>
<p>&#13;5. Show Your Enthusiasm:</p>
<p>&#13;A candidate who lacks confidence is bad enough, but one who lacks enthusiasm is even worse. This lack of behavior will probably only frustrate the interviewer. Show how willing and excited you are about taking on a new challenges and tasks the company may ask of you. Even if you&#8217;re not familiar with the job, show how eager you are to learn. When showing enthusiasm, like showing confidence, there is a line you have to walk to be sure you seem originally excited but not obsequious or insincere.</p>
<p>&#13;6. Know The Position:</p>
<p>&#13;You should know something about the job position you are applying to and an idea of the type of person the company is looking for. To learn more about the tasks involved, talk to friends or people you know in that type of job or industry. Think of a few tasks you think you will be asked to perform and prepare answers to these questions.</p>
<p>&#13;7. Know The Industry:</p>
<p>&#13;Do research and find out as much as you can about the industry, and let the interviewer know that you are willing and ready to deal with the day-to-day tasks of the job at hand and you have a strong knowledge of the industry as a whole.</p>
<p>&#13;8. Know The Company:</p>
<p>&#13;As important as knowing the job and knowing the industry is, knowing the company is probably most important. The interviewer will most likely ask you questions about the company, so you will be a more impressive candidate if you not only have the skills to do the job well, but also have strong knowledge of the company.</p>
<p>&#13;9. Practice:</p>
<p>&#13;Practicing your answers to questions that are likely to be asked, is the key to projecting a calm and confident exterior during the interview. Practicing for an interview can be done in front of a mirror or role-play with a friend.</p>
<p>&#13;10. Follow Up:</p>
<p>&#13;Once the interview is over don&#8217;t stop there. Be sure to follow up with a quick note or a short friendly phone call to the person with whom you spoke. A follow-up will help keep your name fresh in the interviewers mind.</p>
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