The weird, wonderful and downright bizarre excuses for missed tax return deadlines

During your school days, you likely heard excuses along the lines of ‘the dog ate my homework’ or ‘my printer broke’ from a classmate who was attempting to avoid detention. But did you think the silly excuses ended at childhood? Well, think again. The HMRC recently revealed some peculiar explanations made by taxpayers for why…

What NOT to name your limited company

Thinking of setting up your own limited company? It can be an exciting yet daunting process. There are many benefits to running a limited company, from flexible working hours and being your own boss to having complete control over your finances. But what about when it comes down to naming your company? There are more…

Market update – a very merry Christmas for contractors

In the latest Report on Jobs released by the REC/IHS Markit, the past month has been favourable for contractors. Data gathered from consultants and employers revealed that temp billings and pay rates saw a healthy increase for temporary staff. The growth of temp billings was, in fact, the sharpest rise reported in 2 years. Around…

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…

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 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 of…