Save time and hassle – complete your Personal Tax Return early
The new tax year started on 6 April, which means it’s time to start thinking about your 2018/19 Personal Tax Return, otherwise known as your self-assessment.
National Freelancers Day 2017
It’s National Freelancers Day, where freelancers from all industries are celebrated for their independence and for inspiring others to break free from tradition by taking control of their careers.
An uncertain future awaits after surprise general election results
A lot of voters expected to wake up on the morning of 9 June and discover that Theresa May and her Conservative party were the majority winners of the ‘snap’ General election that she called in April. However, to the surprise of bookmakers and experts, the election ended in a hung parliament.
What will the future be for contractors after Brexit?
Contractors and freelancers have plenty riding on the outcome of Brexit. Employment laws, immigration rules and Britain’s single market status are all things that could change once Britain leaves the EU. How will these factors affect contractors and freelancers in the short and long term?
The importance of using a compliant payroll provider as a contractor
As a freelancer or contractor, it is likely you will set up your own limited company or work through a PAYE umbrella company. However, with so many providers of payroll services available, how do you know which one to use? Whatever your decision, make sure the company you use to take care of your payroll is reputable and compliant, or the repercussions could be devastating.
5 Budgeting Tips for Contractors and Freelancers
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.
The IT Contractor Tax Guide
If you’re an IT professional thinking about contracting, our easy-to-understand IT contractor tax guide will help you make sense of how taxes work for contractors.
What is an umbrella company? Contractor and Freelancer FAQs
Contracting via umbrella company is widely considered as being the easiest method for contractors and freelancers to get paid. There is less of an administrative burden than operating through a limited company and getting paid is a quick and efficient process. We are regularly asked about umbrella company payroll by contract and freelance workers. Here are the answers to the most common queries, including ‘what is an umbrella company?’
Can you claim expenses through an umbrella company?
Contractors working through umbrella companies were hit hard by changes in legislation concerning claiming expenses. Starting on the 6th April 2016, HMRC introduced legislation that significantly reduced the number of contractors able to claim tax relief on travel and subsistence expenses. In fact, umbrella workers are usually not considered for expense claims.
What is a limited company? Contractor FAQs
Many people who either are looking to start their own business, or are a contractor or freelancer looking for a payroll solution, hear that limited companies are a tax-efficient way to operate in the UK. But with all the confusing jargon surrounding it, what is a limited company really and how can operating one benefit you?