Some would say working from home is a luxury however others may find it hard to concentrate and actually produce good quality work when they are not in professional and structured working environment. If this relates to your situation there may be certain elements that you may need to review and change in order to ensure you are working as effectively as possible as a Contractor working from home.
In a recent Social Media Survey sent to our clients, over 60% of the Contractors asked currently use Facebook and LinkedIn for personal use, but have they ever considered how social media could help their position as a Contractor professionally.
For some Contractors business insurance is a requirement from their Agency or a contract condition however, for others it comes as a choice as to whether or not to purchase it. As a Contractor (especially for those entering the contracting world for the first time) it may be a confusing topic as to whether or not to take out insurance if you do have the choice, and if so, which insurance?
One of the most popular and utilised expenses that Contractors running Limited Companies claim for is mileage. The basic rule being that mileage can be claimed back when you are travelling to and from a temporary place of work.
The deadline will soon be fast approaching to have your Self-Assessment (otherwise known as a Personal Tax Return) completed and submitted to the HMRC for the tax year 2013/2014.
Entrepreneurs’ Relief is available on a capital distribution (not exceeding £25,000) received arising on a winding up, which is received no later than three years following the date on which the company ceased to be a trading company, where…
Up until less than a decade ago, permanent roles were arguably the most prominent way of working. However, contracting roles are becoming ever more popular and there are now estimated to be 600,000 contractors (operating via a limited company) in the UK.
It’s always great when you make a profit on a valuable item or asset. In accountancy terms this is called a ‘Capital Gain’. Tax is paid on the amount you ‘gain’ on the asset or item. depending on what it is you’re making a profit on and if the gain over the tax year is £11,000 or more.
Student loans are the one sore point of spending three plus years studying hard at University. Paying it back is also a drawn out process, with 9% of a permanent employee’s salary going to the student loan company once you earn over £16,910 (£21,000 if your course starts in September 2012).
We’re all about tax efficiency here at Churchill Knight. Umbrella or limited company options both have advantages; however the main reason for choosing to work as a contractor through a limited company is that the taxable benefits outweigh the simplicity of working through an umbrella company.
