Like many embarking on a career in contracting, you will probably find yourself wondering what is the best way to set up and run your new business. For most contractors this choice essentially comes down to operating under an umbrella company, or establishing and running your own limited company.
Much has been said about the Onshore Employment Intermediaries legislation and how it will affect recruitment agencies from the 6th April.
Following the Chancellor’s Budget last Wednesday, it was confirmed that the government will be “clamping down on agencies who abuse tax relief on travel and subsistence”.
Another year, another Budget. With just 50 days to the next general election, and potentially the last one to be delivered by the current government, this was always going to be a Budget that would be much anticipated.
Chancellor George Osborne began his Budget statement yesterday with the words “Britain is walking tall again”.
Some think that there is no room for headline grabbing measures to be announced by the Chancellor next week; others see this as a perfect opportunity to launch a few political fireworks ahead of the election race really getting underway.
Following on from the success of last month’s blog on how to reduce your costs whilst staying away from home, we thought we would provide you with some further money saving tips. This time in relation to the costs incurred whilst travelling as part of your contracting work life.
Question: Can I use my personal bank account for my limited company?
Liam Thomas: “I would recommend Churchill Knight as their services are efficient and they are always open to customers asking questions.”
A short guide to rates, relief and allowances available for use by 5th April 2015.
