WHAT HAPPENS IF YOUR IR35 STATUS IS CHANGED?
Reforms to off-payroll rules in the private sector would mean end hirers become responsible for your IR35 status determination. What happens if your status is changed?
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.
IR35 reforms – should you work through a consultancy?
We are here to help you make sense of the IR35 (off-payroll) reforms. Here we look at the option of forming a consultancy with other contractors.
Umbrella expenses – why not?
Expenses cannot be claimed when you’re an Umbrella worker and subject to supervision, direction and control. Here we explain why.
Witches and extra-woolly underwear: the bold and bizarre excuses and expense claims taxpayers have made
With every annual Self Assessment deadline, HMRC releases some of the unusual and outlandish excuses they receive for late tax return submissions. They also reveal some of the more brazen expense claims self-assessors have attempted to submit. Regardless of how amusing these entrants may be, HMRC holds its stance that these eccentric excuses and claims…
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…
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.
K&B Christmas Party: we made it a December to remember!
We decided to end the year on a festive note by hosting a contractor Christmas Party for K&B clients and partners on Monday evening. It was great to see so many contractors turn up for a chance to mingle with our team and network with fellow contractors whilst enjoying the vibrant atmosphere. Christmas drinks at…
Tax avoidance and the importance of compliant umbrella companies
Tax avoidance was once again at the forefront of the government’s agenda in the Autumn Budget. A topic that has been meticulously discussed, Philip Hammond announced during his speech on Wednesday 22nd November 2017 that “the Government is committed to tackling tax evasion, avoidance and aggressive tax planning.” We’ve already seen an increased focus from…
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.