
The number one question many umbrella companies are asked by their employees is: "why am I paying employers' national insurance contributions?" - here we provide the answer and explain what other costs are payable by umbrella contractors. … [more]
IT Contractor Essentials
All the information, tools and resources you need to operate a successful professional contracting business.
Contractor Calculators | IR35 Calculator | Salary & Dividend Calculator
What is IR35? | IR35 insurance | IR35 History | IR35 Contract Templates
Become a Contractor | Set Up a Limited Company | Limited vs. Umbrella
List of Accountants | How to switch providers | Do you actually need one?
By: James Leckie | Last updated: | Follow us on LinkedIn
The number one question many umbrella companies are asked by their employees is: "why am I paying employers' national insurance contributions?" - here we provide the answer and explain what other costs are payable by umbrella contractors. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
If your salary is above the current thresholds, both you and your company must pay National Insurance Contributions to HMRC. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
Gary Lineker has successfully won his battle with HMRC over a £4.9 tax bill. But what, in anything, does the ruling mean for contractors, when - in the end - IR35 wasn't even at the core of the case? … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
The tax yield from IR35 is set to reach £1.5bn per year - double the previous Office of Budget Responsibility (OBR) estimate. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £5,000 per year. So, can your limited company benefit from this incentive in 2023/4? … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
The dividend allowance means that the first £1,000 of dividends you receive are tax-free. But how does this allowance work in practice in the 2023/24 tax year? … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
Limited companies of all sizes can distribute their profits to shareholders as dividends. This article explains what dividends are, how they are taxed, and how to properly account for them. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
The Chancellor delivered his Budget speech today at 12:30 pm. Here we look at how the measures he announced will affect contractors and other small business owners. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
Price is always an important factor when you're looking for a new umbrella provider. But it shouldn't be your sole consideration. Here we explain why choosing a cheap umbrella isn't always the best option in real terms. … [more]
By: James Leckie | Last updated: | Follow us on LinkedIn
HMRC assigns tax codes to inform employers how much tax should be deducted from an employee's salary. Here we look at what the series of numbers and letters signify, and how they affect your income. … [more]