Four tips to help you stop wasting time on emails
Stop wasting time! In today’s tech-savvy world, you’re only ever a click away from checking your emails. You could be up the side of a mountain or deep in a jungle (depending on your 4G coverage, of course) and you’d still have access to what’s going on in the wider world. Be it human […]
Humblebragging – the art of selling yourself without the big headedness
Humblebragging Picture the scene: you’ve spotted a new contract that’s perfectly suited to your experience and skills, so much so that you could have written the contract requirements yourself. You know there’s a whole host of other contractors probably sat there thinking exactly the same thing, so now is the time to act. […]
What every Limited Company contractor should know about the Personal Savings Allowance
Personal Savings Allowance 6 April 2016 was a big day for Limited Company contractors, with many new changes affecting their everyday professional lives. One of these changes was the introduction of a new Personal Savings Allowance (PSA) which will see around 95% of taxpayers no longer having to pay any tax whatsoever on their […]
Renting accommodation as a Limited Company contractor
Renting accommodation Most contractors will consider renting accommodation when taking on a contract that’s some distance away from their home. Your Limited Company can always foot the bill, but how do you know if it’s classed as a benefit in kind? Provided that the expense is a legitimate business cost, HMRC will not […]
Do you have a contractor loan as part of a tax avoidance scheme? Prepare for the new retrospective tax
Prepare for the new retrospective tax Contractors have been expressing a dislike and unfairness for the new retrospective tax that they are to face on past loans associated with many of the tax avoidance schemes they may have taken advantage of. So what is this tax, who’s affected and how can you check […]
Moving your company away from a MSC
Post April 2016: Birth of a new Umbrella generation. Better or worse? Since April 2016 new tax rules restrict the expenses that can be claimed by Umbrella workers, with the consequential loss of tax relief reducing take home pay. These new rules changed the landscape. Many Umbrella workers wanted to protect their earnings and Umbrella […]
Cessation of Contracting – what to do when it’s time to close your Limited Company
Cessation of Contracting Whether you’re retiring, going back into permanent employment forever, or your circumstances change, there will potentially come a time when you will need to close your Limited Company. But how do you go about it and what steps do you need to take? Director of Operations, Laura Hepworth takes you […]
The Limited Company contractor’s guide to Entrepreneurs Relief
Entrepreneurs Relief What is Entrepreneurs Relief (ER)? ER was created to encourage people to set up and grow their own businesses, by providing a reduced level of Capital Gains Tax (CGT) on business disposals (when you decide to either sell or dissolve your Limited Company). Who can claim ER? ER is available to […]
The Limited Company contractor’s guide to pensions
Pensions As a Limited Company contractor you may pay into a pension in order to lower your overall tax liability, but are you aware of how the payment is made, who the contract is between and the implications this can have on how the tax relief is obtained? Is your pension being treated correctly? […]
Brexit: tax implications for contractors
Tax implications for contractors Seven weeks after the EU Referendum vote and there has been little clarity on what will happen, when and by whom! In fact, until Article 50 is triggered, sparking the start of exit negotiations, we’re likely to remain in a haze of uncertainty at least until the Autumn. Our own political […]