Contracting can be rewarding both financially and personally – but it does come with some challenges, one of which is living without guaranteed income. Our blog provides some easy budgeting tips that can help your cash flow.
With changes to off-payroll legislation (IR35) that have come into place in the public sector, and soon the private sector, demand for umbrella companies has drastically increased. Umbrella company payroll is an alternative payroll option to agency PAYE, and is a popular choice for contractors who can no longer work through a PSC (Personal Service Company).
The UK tax year runs from 6th April to 5th April the following year, which means the new tax year of 2017/18 is starting soon on Thursday 6th April. As a contractor and businessperson, there are things you can do to prepare for the new tax year and set yourself up for success.
Working through an umbrella company is the easiest way to operate as a contractor and once you have signed up, you will have a minimal amount of ongoing administration. However, do you know how an umbrella company actually works? Read our article to find out more about the processes involved when you sign up with an umbrella company.
As a contractor or freelancer with your own limited company, time is money. Even though you work for yourself, you are contracted to make sure you complete the job to the best of your ability.
We’ve all experienced the January blues. The exciting and eventful festive season is over, we’ve stuffed ourselves with sweets for the past month and now we’re forced to go back to reality with seemingly nothing to look forward to.
2016 has been a challenging year for contractors using an umbrella company and 2017 does not look any friendlier. April signalled the end of Travel and Subsistence tax relief which has had a significant impact on thousands of contractors by reducing their take home pay. Should you consider leaving your umbrella company to have a more profitable 2017?
The Personal Tax Return deadline is looming, and all limited company directors have a legal obligation to file a Personal Tax Return.
If you have decided that trading through your own limited company is the most beneficial option for you, you now have the task to go about finding and choosing a contractor accountant.
Software versus accountant – which is the right option for you? There are pros and cons to each, and we cover them here to help you reach a decision on the option that is best for you and your working circumstances.
