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.
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…
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…
How the introduction of the new 16.5% VAT flat rate could affect contractors from April 2017
‘Effective from 1 April 2017, The VAT flat rate scheme (FRS) for businesses with limited cost is set to increase to 16.5% from their current rate, based on defined criteria for a limited cost trader.’ What is a Limited Cost Traders? According to HMRC guidance, a limited cost trader will be defined as one whose…
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.
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…
Insider Interview Series: Life as a contractor
Our ‘Insider Interview’ series has been created to provide insight to those who are considering contracting. Our series starts with Nigel, who has been contracting for over nine years. Q&A Why did you choose contracting? I was tired of being an employee and looked forward to the challenge of being able to demonstrate to clients the…