Dividend Vouchers: The annoying paperwork that could save you
What is a dividend voucher and do you need one? Our blog explains all so you can ensure your take home pay is legal and that you’re covered should HMRC call.
Should I leave my umbrella company?
The removal of Travel and Subsistence in the Autumn Statement has led many contractors to question their payroll solution, with many asking: should I leave my umbrella company?
Top 5 Christmas Gadgets for Contractors
Are your friends and family still asking what you would like for Christmas? Want to give them a little inspiration? We’ve put together a Top 5 list of the best gadgets for contractors this Christmas.
Can you trust the Umbrella company on your PSL? Part 2
The Government has called time on Travel and Subsistence claims where a contractor is working via an umbrella company. The changes are expected to have a huge impact on the take home pay of contractors working through an umbrella company as the main benefit of using an umbrella company will be removed as of 6th April 2016 when the changes takes place.
Travel and Subsistence to end for Umbrella Companies
The Government has called time on Travel and Subsistence claims where a contractor is working via an umbrella company. The changes are expected to have a huge impact on the take home pay of contractors working through an umbrella company as the main benefit of using an umbrella company will be removed as of 6th April 2016 when the changes takes place.
The Dangers of Cheap Accounting
Beware of those touting cheap accounting services that appear too good to be true.
The Autumn Statement – the Fall of Umbrella Companies
Today’s Autumn Statement 2015 was a hotly anticipated event. The Chancellor was expected to confirm harsh measures that contractors working on a contract for more than one month would have to be put onto their client’s payroll.
Can you really trust the umbrella companies on your PSL?
The foul play and abuse of Travel and Subsistence claims by some umbrella companies could damage the reputation of your recruitment agency if you refer your contractors to them. With the government likely to crack down on the abuse of Travel and Subsistence claims, it’s time to check you aren’t at risk!
Contractor Loan Schemes, too good to be true?
Have you ever been bombarded by companies promising you over 90% take home pay? Over the years we have all seen promoters offering exactly that, by using contractor loan schemes. Promoters reduce the amount of tax you pay on your income by artificially diverting income through a chain of companies, trusts or partnerships and pay the contractor in the form of a ‘loan’. The ‘loans’ are claimed to be non-taxable because they don’t form part of a contractor’s income. However, in reality the ‘loans’ aren’t repaid and the money is used by the contractor as if it were his or her income.
Dividend Tax is changing: It’s time for tax planning
The Government announced drastic reforms to dividend tax in the summer budget; the changes will take effect from 6th April 2016. For most contractors, this means a significant dividend tax rise is coming. Our blog explains the changes that might affect you, and how you can stay one step ahead of the changes. Read on so you aren’t caught out.