Practical help for limited company directors

If you provide professional personal services to clients, you will almost certainly have heard of PI insurance and may have been asked what level of cover you have by a potential client before being awarded a contract. But what does PI cover insure you against, and do you really need it?

If you’re a contractor, you’ll hear a lot about IR35, and whether your contract work falls ‘inside’ or ‘outside’ this tax trap. But what does IR35 and employment status mean, and why does it matter?