Coronavirus: Government Schemes Update
Here we detail the latest Governement announcements that will benefit PSCs and self-employed contractors.
Salary & Dividend Illustrations for Tax Year 2020/21
Here you can download our salary and dividend illustrations for the current tax year (2020/21).
Briefing on the New Tax Year 2020/21
The new tax year began on April 6th. Here’s a round-up of the key changes.
Summary of Coronavirus Help for Contractors
Last night the Chancellor unveiled a package of measures aimed at helping the self-employed during the Coronavirus pandemic. Here we summarise what this means for contractors.
Coronavirus Update 23rd March 2020
Read our update on the latest announcements on Government support for businesses affected by coronavirus.
CORONAVIRUS AND BUSINESS CONTINUITY
Here you can find details of the business continuity measures we have put in place to ensure we can support clients during the coronavirus pandemic.
Annual Christmas Party Expenses for Contractors
As we are now weeks away from Christmas, and the holiday season is in full swing, we cover the most common queries about festive and annual event deductible expenses. Annual Christmas party as deductible expenses Your limited company can claim its festive or annual party as deductible expenses for corporation tax purposes. The cost…
What is classified as ‘goods’ when determining if you are a limited cost business after 1 April 2017?
One of the most frequently asked questions from our clients on the VAT flat rate change for a limited cost business is: “what is counted as ‘goods’ when determining if they need to use the higher rate of 16.5%?” According to HMRC guidance, ‘goods’ are movable items or materials exclusively used in your limited cost…
5 common mistakes to look out for in your Self Assessment Tax Return
Completing and submitting your Self Assessment Tax Return (SATR) can seem like a daunting task, but having it prepared well in advance of the 31st January deadline will make your life so much easier. If you miss the deadline you will be subject to a penalty, and this sum will only increase the longer you…
PENSION PLANNING WHEN TRANSFERRING FROM PSC TO UMBRELLA
What happens to your pension if you switch from working as a limited company contractor (PSC) and join an Umbrella company?
AWR (AGENCY WORKER REGULATIONS) EXPLAINED
If you are affected by off-payroll reforms and are considering alternatives such as Umbrella employment, it’s helpful to understand AWR.
Budget highlights for contractors and freelancers
On Wednesday, the 2016 Budget was presented to MPs in the House of Commons. This year’s Budget has reiterated the government’s intention to clamp down on those they perceive to be avoiding taxes. We are yet to receive definitive information on many of the topics relating to contractors and the self-employed; however, the imminent release…