Combining salary with dividends
Combining salary with dividends Efficiently combine salary with dividends and declare your dividends at a time that suits you. At Intouch Accounting, the best accountants for contractors and freelancers, we discuss how contractors legitimately reduce their overall taxation costs by efficiently combining an annual salary with any additional cash requirements being taken as dividends from […]
Outgrown your Umbrella company?
Outgrown your Umbrella? Sometimes an Umbrella arrangement is exactly the right solution you need when you are a freelancer or contractor. There are other times when it will feel restrictive and doesn’t meet all of your objectives; usually tax matters and accounts control. But how do you get to grips with the differences without having […]
Business risk, personal protection and insurances
Business risk, personal protection and insurances… Are you covered? Running a business always has some element of risk so it’s not unusual to look for an insurance policy to protect the business. Whether it’s professional indemnity insurance to cover the risk of making a mistake, employer and public liability or business contents insurance most businesses […]
Agency workers regulations – could you lose out?
AWR – could you lose out? By now you’ve probably heard the abbreviations AWD or AWR, which are often used interchangeably – AWD being the Agency Workers Directive and AWR, the Agency Workers Regulations. But, do you know what it’s all about and, most importantly, do you know if it affects you and, if so, […]
Beginner’s guide to Limited Company tax
Beginner’s Guide to Limited Company Tax If you are thinking about becoming a limited company contractor or you already run your own company, you will need to consider the different taxes you’ll encounter. Limited Company tax seems complex, but here at Intouch Accounting, our personal online accounting advice for contractors and freelancers can help you […]
Embrace IR35! Still set up a Limited Company to enjoy the other benefits
Embrace IR35 Embrace IR35! Still set up a Limited Company to enjoy the other benefits. Is being inside IR35 legislation really the end of the road in going Limited? We think not. It’s not unusual for a contractor to fear IR35 regulations or regard them as some form of penalty for doing something wrong. However, […]
Travel expenses 2: Subsistence expenses
Subsistence expenses for contractors Introduction: In our business journeys eBrief, we looked at what constitutes a business journey and what expenses you’re entitled to claim. In this eBrief, Intouch Accounting, the best contractor accountants, discusses the reimbursement of subsistence expenses. What options are available to contractors? What if you work late or start early… can […]
Travel expenses 1: Claiming business travel expenses
Claiming business travel expenses: a guide for contractors and freelancers Could you be missing out on claiming all your business expenses for travel? We all like to maximise our take home pay after tax and by far the simplest way is to claim all legitimate expenses to set against income. Generally, travel and subsistence costs […]
Travel expenses 3 : Cars & motorcycle mileage claims
Car & motorcycle travel expenses for contractors Personally owned cars and motorbikes: Are you really claiming all the travel and subsistence expenses you are entitled to? In our eBriefs, Business Journeys & Subsistence Expenses, we examined the definition of a business journey, what can be claimed for as a cost of that journey, and some […]
Travel expenses 5: Company cars
Company cars Travelling & Subsistence Expenses: Company cars In our previous eBriefs, ‘Travelling and Subsistence: Parts 1- 4’, Paul Gough, Managing Director of Intouch Accounting, provides online accounting advice for freelancers, looked at business journeys and how to claim the cost from your company of using your privately owned cars for business. We also looked […]