Chancellor Kwasi Kwarteng has announced today (22nd September 2022) that the 1.25% increase to National Insurance will be reversed from the 6th November. Continue reading to discover how this will affect businesses and taxpayers.
The difference between a contractor’s assignment rate and gross rate of pay is an area that often causes a lot of confusion – especially if you are new to contracting. Continue reading to discover the difference and why the two pay rates are displayed on your payslip.
Our latest article outlines everything you need to know about onboarding with an umbrella company, from the initial stage of requesting a take-home pay calculation through to getting paid your net salary for the very first time.
HMRC recently hit a tax avoidance scheme promoter with a £1 million fine, close to the maximum fine allowed by the First Tier Tribunal. Continue reading to learn more about this case and why you should never engage with a tax avoidance scheme.
When you register and become an employee of an umbrella company, you are entitled to the same rights as any other UK-based employee. Please continue reading to find out what the Working Time Regulations (WTR) are, how they affect contractors and what it means to opt-out of the 48-hour working week.
Filing a tax return can be time-consuming and stressful, and despite HMRC’s best endeavours, taxpayers often delay submitting their tax returns until December/January. Continue reading as we highlight the six reasons you should file your tax return early.
The following is an official statement from Churchill Knight & Associates Ltd in response to HMRC’s investigation regarding the Managed Service Company (MSC) Legislation.
Chancellor Rishi Sunak delivered his Spring Statement to the House of Commons on the 23rd March 2022. The Chancellor announced a series of measures to support businesses, building on measures announced at the Autumn Budget and Spending Review 2021. Continue reading as we outline the key announcements in the Spring Statement 2022.
As another tax year draws to a close, it’s helpful to consider the upcoming changes the new tax year will bring and how it could affect the amount of tax you pay. Continue reading as we discuss the changes you should be aware of for the 2022/23 tax year.
Failing to meet the self-assessment filing deadline almost certainly results in a £100 penalty from the government. However, HMRC will not enforce penalties for anyone who submits their 2020/21 tax return up to a month after the regular deadline for the second year in a row. Keep reading, and we’ll explain more about this unexpected announcement.
