Doing your accounts will probably never become your favourite task. But accountancy software may make you less prone to wanting to pull your hair out. Even if you’re not a numbers whiz.
First Timer or Veteran IT Contractor?
Very few contractors regret their decision to break with traditional employment and start out on their own. Our site provides all the information you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or if you're a seasoned pro.
If you're running your own limited company, there are a number of records the directors are obliged to keep. Here we explain what these registers are used for, and what types of information they contain. … [more]
As a limited company owner, you may well carry out your trade from home - occasionally, or on a regular basis. Which (if any) household expenses can you legitimately claim against your company's tax bill? … [more]
The Finance Bill was approved without division in the House of Commons earlier today; a proposed amendment by David Davis MP to delay the Off-Payroll reforms until April 2023 wasn't even selected for debate by the Speaker. This means that the private … [more]
David Davis, a longtime critic of IR35, has tabled an amendment to the Finance Bill tomorrow (Tuesday 19th May), which - if passed successfully - would delay the private sector Off-Payroll legislation until 2023. … [more]
There are several ways to set up your own limited company; via an accountant (a popular way), via a company formations agent, or direct with Companies House. Here we look at the typical costs associated with each option. … [more]
As the COVID-19 pandemic continues to sweep across the country, it’s clear that all types of workers have been affected in one way or another. Often, it’s presumed contractors suffering from an illness will not receive any income for the time that … [more]
If you are considering joining an umbrella company, we explain why should establish the true weekly / monthly fee (margin) of each service provider on your shortlist before signing up. … [more]
There may be good reasons why you want to set up a company, but not necessarily trade for the time being... or you may decide to take a break from contracting, but keep your company ticking over. Here we explain what a 'dormant' limited company is, … [more]
With most contractors ineligible to benefit from the main Government COVID-19 support schemes, the new Bounce Back Loan scheme may offer some relief to cash-starved small companies. … [more]