IT Contractor Essentials
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
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HMRC assigns tax codes to inform employers how much tax to deduct from an employee's salary. Here, we look at what the series of numbers and letters signifies and how they affect your income. … [more]
A company can still pay dividends even if it has made a loss in the current year, provided it has sufficient retained profits in its accounts. … [more]
On 6th April 2026, the joint and several liability (JSL) rules for umbrella company supply chains took effect. … [more]
If you are closing down your limited company - due to retirement, a career change, or the impact of the Off-Payroll (IR35) rules - you may be able to reduce the tax you pay on the funds you extract. This is where Business Asset Disposal Relief (BADR) … [more]
Employers, employees, and the self-employed pay National Insurance Contributions. What NI rates do contractors pay in 2026/27? … [more]
A professional review can help establish whether a contract falls inside the scope of the IR35 rules, and also support a contractor to challenge a client's status decision under the off-payroll rules. … [more]
There are two main ways to maximise your take-home pay as a contractor: negotiate a strong contract rate in the first place and structure your income efficiently … [more]
Companies House has confirmed a significant security flaw in its WebFiling system that potentially exposed sensitive company data and, in certain cases, allowed unauthorised users to make changes to a company's records. … [more]
Since April 2021, most clients have been responsible for determining a contractor’s IR35 status under the off-payroll working rules. The decision must be recorded in a Status Determination Statement (SDS), along with the reasons behind it. … [more]
As a limited company owner, you may have encountered the terms ‘interim’ and ‘final’ dividends. But what do these actually mean in practice? … [more]
