As a limited company owner, you may feel that the tax system does you few favours. However, all is not lost, as there is still one benefit available to contractors each year – albeit a small one.
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Latest Articles
HMRC tax codes – how they affect your take home pay
HMRC will assign you a tax code to inform your employer (often your own company) to help them calculate how much tax should be deducted from your salary. Here we look at what the series of numbers and letters signify, and how they affect your income. … [more]
IR35 – are you in business on your own account?
To ensure that any contracts you undertake are not caught by IR35, you need to be able to demonstrate that you are not a disguised employee, but truly working in the manner of a small business owner. In other words, can you show that you are 'in … [more]
IR35 reform – has your client stopped hiring limited company contractors?
A number of high profile clients will stop engaging limited company contractors in 2020 due to the private sector off-payroll changes. What should you do if you are affected? We ask a well-known IR35 expert. … [more]
What happens when you fact check HMRC’s IR35 off-payroll claims?
This week, HMRC has issued a new 'issue briefing' on the forthcoming off-payroll (IR35) changes. The aim of the publication is to 'help organisations prepare'. With the help of an industry expert, we do some fact-checking on the statements and claims … [more]
Agencies must provide contractors with ‘Key Information Document’ from April 2020
From April 2020, all recruitment agencies must furnish applicants with a 'Key Information Document' (KID) prior to signing up. Here we look at what this new requirement involves, and what contractors should look out for. … [more]
Guide to claiming health, gym and other medical expenses
One of the most frequent questions asked by contractors is "what health-related expenses can I pay via my company?" … [more]
IR35 off-payroll – what constitutes ‘reasonable care’?
When end-clients determine the IR35 status of contractors in the private sector from April 2020 onwards, they are tasked with taking 'reasonable care' when making employment status decisions. … [more]
IR35 private sector changes – Essential FAQs
The April 2020 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]
IR35 changes – Barclays, Lloyds, RBS and others to cease hiring limited company contractors
Barclays has told its contract workforce that it will no longer engage contractors who operate via limited companies, as a consequence of the forthcoming private sector IR35 off-payroll changes next April. Other firms are taking similar measures. … [more]
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