
What is Open Banking? How does Open Banking work, and what’s in store for Open Banking in 2025? … [more]
IT Contractor Essentials
Practical guides, calculators, industry news and advice to help you set up and run a professional contracting business.
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
Read the 10-Step Guide →By Aiste Krevneviciute | Last updated:

What is Open Banking? How does Open Banking work, and what’s in store for Open Banking in 2025? … [more]
By Christian Hickmott | Last updated:

If you’ve decided to say goodbye to the old and hello to the new, where should you start when switching accountants? And how does moving over your accounts work in practice - aka professional clearance? … [more]
By James Leckie | Last updated:

While you shouldn't decide who to hire as your contractor accountant based solely on price — after all, you get what you pay for — it's important to check that what you'll be charged is fair. … [more]
By James Leckie | Last updated:

There may be times when your company needs funds for a purchase or an investment. Can you lend personal funds to your limited company, and how are interest payments treated for tax purposes? … [more]
By James Leckie | Last updated:

If you're thinking of expanding the contract work you undertake into a larger business, taking on your first employee is a big move. Becoming an employer for the first time will inevitably mean dealing with some red tape, but the process should be … [more]
By Aiste Krevneviciute | Last updated:

Regulations are why your bank feed requires reconnecting every 90 days. But even that is among the pluses of your business transactions and accounting now being sync-able. … [more]
By James Leckie | Last updated:

When you first register your company with HMRC as an employer, you’ll receive confirmation of your new PAYE scheme and several reference numbers. One to look out for, and keep safe, is your Employer Reference Number (ERN). … [more]
By James Leckie | Last updated:

During your life as a contractor, there may be a time when you need to relocate to take up a new contracting role. You may be able to offset many of your relocation costs against your limited company's tax bill. … [more]
By James Leckie | Last updated:

From the 2025/26 tax year onwards, directors and shareholders of many small limited companies face new reporting requirements when completing their Self-Assessment tax returns. … [more]
By James Leckie | Last updated:

In most cases, extracting profits from a company by distributing dividends to shareholders is a straightforward process. But what happens if you mistakenly declare dividends which are greater than the value of the company's available … [more]