With new private sector off-payroll rules set to take effect on 6th April 2021, is working as a sole trader a smart way to ensure your contract work falls outside IR35?
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Ever since the 2016 dividend tax hike, the timing of dividend declarations by limited company owners has become more important than ever - to minimise their exposure to punitive levels of tax. … [more]
Most professional contractors spend a large proportion of their time behind computer screens. With this in mind, can you claim for the cost of an eye test from your limited company? And, what about the cost of corrective glasses? … [more]
Clauses included within the Off-Payroll section of the 2020 Finance Act imply that the role of umbrella companies may be redundant after the April 2021 private sector IR35 rollout, prompting HMRC to rapidly publish clarification on the matter. … [more]
As part of the Treasury's wide-ranging measures to support the economy during the COVID-19 outbreak, the Chancellor has given the UK's 11 million self-assessment taxpayers more time to pay their next income tax bills, which become due on 31st January … [more]
If you've left your permanent job behind, you need to work out if your income will still be taxed at source, or if you need to join the almost 12 million other taxpayers who submitted a Self Assessment return last year. … [more]
With IR35 reforms being applied to private sector organisations from 6th April 2021, here we look at ways clients/engagers can prepare their businesses in advance of the implementation date. … [more]
The forthcoming off-payroll changes to the private sector represent a massive challenge to the contracting industry. Here we have included some of the most common FAQs we've been asked about the IR35 reforms. … [more]
If you are considering joining an umbrella company, you need to be able to accurately compare the fees charged by different providers. … [more]
If you're looking for a new umbrella company, chances are you will conduct some online research as part of the vetting process. Here we consider why you should treat online 'reviews' with a degree of skepticism. … [more]