Depreciation is the accounting term for the devaluation of assets over time. Here we look at how any assets you may buy (such as a new server or PC) are treated for tax purposes in your company accounts. … [more]
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Limited company contractors will already be aware that dividends are set to be taxed more heavily from April 2016, however details of the proposed tax hike were ambiguous when first announced during the summer Budget. It now appears that the tax hit … [more]
Over the past decade, the growing needs of businesses to hire flexible workers, coupled with the massive communication benefits provided by the web, has resulted in a freelancing boom in the UK. … [more]
An IR35 expert answers our questions on the 'Right of Substitution' - considered to be the most important test in determining employment status. It is also a topic which generates more questions from contractors than almost any other. … [more]
In this article, a recruitment expert explains why LinkedIn has become such an essential tool for contractors and recruiters alike, and what you can do to improve your online profile so your details rank highly in agency search results. … [more]
If you run a limited company, once every year you must update Companies House with a snapshot of information relating to your company's affairs. This is achieved via the Annual Return form (AR01). … [more]
Keeping accurate accounting records is an essential task for every successful contractor. Not only can you ensure that you stay on the right side of the taxman, but you should also be able to see exactly what your financial situation is at any moment … [more]
It is not unusual for contractors to take time out, either for an extended holiday, to carry out a period of research and training, or if new work is hard to find. You may even have decided to take a permanent job. So, what should you do with your … [more]
Responding to a parliamentary written question last month, the Treasury has revealed that the direct tax yield from IR35 investigations remains negligible, but is there more to the figures than meets the eye? … [more]
New Government rules will require recruitment agencies to provide more information than ever to HMRC about the contractors on their books, including how much they're paid. We asked an expert what this means in practice, and if there is a link between … [more]