Here at K&B Accountancy Group, we understand that there is more to life than just contracting. That is why we are launching ‘Kingsley Hamilton Lifestyle’ – an exclusive rewards scheme for our clients. The rewards scheme is a way for our clients to create a better balance in work and life. A better work-life balance…
Following on from our ‘Happy Contractors’ article, new research now reveals further evidence to support the point that contractors are happier in the workplace than their permanent counterparts. Entering the world of contracting may seem like a big step to take but the benefits it offers often outweigh any challenges. New research, conducted by a…
Last Friday (3 February), HMRC published further guidance regarding off-payroll working in the public sector from 6 April. The update provided clarification that the responsibility of determining the IR35 status of a Personal Service Company (PSC) worker would lie solely with the hiring Public Authority. If the Public Authority determines the PSC worker to be inside…
HMRC recently published further guidance on off-payroll working for PSC workers in the public sector. Cloud9 Umbrella has written a guest article on the topic below. It’s one of the biggest topics of conversation within the industry, creating a massive stir for contractors and steadfast decisions from end clients. The off-payroll working in the public…
Whether you’re a freelancer or a contractor working 9-5, we are all guilty of working late from time to time; often neglecting our life outside of work. It’s essential to create boundaries between your work and your personal life with a healthy work-life balance but sometimes situations arise where it becomes quite easy to overstep…
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…
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…
Former BBC presenter, Christa Ackroyd has lost her legal battle with HMRC and is now facing a fine of £419,151 in outstanding income tax and national insurance contributions covering tax years: 2006/07 to 2012/13. This ruling made by the first tier tribunal (FTT) was based on the judgement that despite Ackroyd working through a PSC…
If you are affected by off-payroll reforms and are considering alternatives such as Umbrella employment, it’s helpful to understand AWR.
Across the UK, contractors and temporary staff are receiving notably higher pay rates. The REC disclosed that the steepest inflation in contractor pay rates recorded was in London. However, across the board, wages were continuing to rise, extending this trend to 62 months. Contractor pay rates accelerating at an exceptional rate REC director of…
‘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…
Due to severe weather conditions, our offices are closing early at 4pm today to ensure our employees can get home safely. Our offices will be open on Monday as per the usual hours. We apologise for any inconvenience caused and thank you for your understanding.
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