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…
How to claim tax relief from charity donations and Gift Aid
While it’s exciting to prepare for holiday celebrations with your friends and family, the festive season is also a time to stop and reflect on the joys and blessings of our lives and share this with those in need. If you are planning to make a donation to a registered charity there are some opportunities…
Christmas expenses Q&A – important information for contractors and freelancer
Now that December has arrived, there is no hiding from the fact that Christmas is less than 4 weeks away. As the build-up intensifies, days seem to get shorter as schedules become packed with shopping trips, social gatherings and last minute jobs at home. However, as a contractor or freelancer, there are many expenses and…
New contractor policies
With the Chancellor’s Autumn Budget on the horizon the Treasury has reached out and asked for input into the Chancellor’s statement. IPSE have taken the lead and proposed a number of policy changes, which would benefit 4.6 million self-employed people. Simon McVicker, IPSE’s Head of Policy and External Affairs said: “The policy proposals we are…
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?