Downloads Euro 2016 is just around the corner and excitement is brewing. Can our young England squad show the world how talented they are and bring the nation home its first major football trophy since the World Cup in 1966? Euro 2016 – come on England! Roy Hodgson has provided us with a few…
This article focuses on web tools and applications that could have a major impact on the way you operate as a freelancer, to increase productivity. Some, if not all, may not be relevant to your specific line of work. However, it is still fascinating to know what’s out there… Social Media Social media is free…
Umbrella or Personal Service Company Contractors working through an umbrella company are unable to claim tax relief on travel and subsistence, if they are subject to Supervision, Direction or Control (SDC). The change in legislation came into place on the 6th April 2016. With a large majority of umbrella workers previously claiming travel and subsistence,…
A guest article from our sister company Cloud9 Umbrella What has changed? The Spring Budget 2016 has confirmed there will be restrictions for contractors who are claiming travel, subsistence and accommodation expenses, starting from 6 April. From now on, Cloud9 Umbrella will have to assess all of our workers, and determine their Supervision, Direction or…
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…
K&B Accountancy Group has been affiliated and accredited accountants with IPSE (The Association of Independent Professionals and the Self-Employed – formerly PCG) since 2012. We are delighted that our relationship with IPSE has grown stronger this month, and we have become official Accountancy Partners. With 21,000 members, IPSE is the largest association of independent professionals in…
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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