With hundreds of prospective accountancy firms to choose from, this table lists the monthly fees charged by some of the UK’s leading specialist accountants. … [more]
First Timer or Veteran 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.
A contractors' group has launched a legal challenge against HMRC - on the basis that the forthcoming 2019 Loan Charge breaches the human rights of those targeted by the legislation. … [more]
A contractor has won an employment rights claim against HMRC, having been placed 'inside IR35' and forced onto her recruitment agency's payroll. She successfully claimed over £4,000 in unpaid holiday pay. … [more]
There are many reasons why a company cannot pay its bills. Sadly, many times this is due to directors' taking out more money than is available to them, which can lead to HMRC penalties and fines. So, what happens if you've accidentally draw down too … [more]
When you apply to Companies House to form a company for the first time, you’ll have to provide a number of addresses, the most important one being your registered office address. … [more]
Umbrella companies have flourished over the past decade in the UK, and can offer a ‘hassle free’ business structure to operate under for many contractors. With hundreds of suppliers on the market, we look at how a PAYE scheme operates in practice, … [more]
Payments on accounts are part of the self-assessment process and mean that you have to pay your next year's income tax liabilities in advance, based on the amount you owed on your last tax return. … [more]
If you're about to start a new contract, or if you’re coming up for renewal, these tips may come in handy to help you maximise your earning potential, whilst keeping on the right side of your agent and prospective client. … [more]
There may be a time when you need to borrow money from your own limited company - perhaps to finance a house deposit, or for a major purchase. Here we look at how directors' loans are treated, and how you could face a hefty tax bill if you don't plan … [more]
There may be times where you need to borrow money from your own limited company, or you may have unintentionally done so whilst drawing down funds. What are the tax implications of doing so? … [more]