The annual responsibility of filing your Self-Assessment has come around again and the deadline for your online submission is fast approaching. All assessments must be submitted by 31st January 2015 in order to avoid the late submission fine of £100.
The decision by the Welsh Assembly’s to ban umbrella payroll services on its construction projects has brought dismay from the Freelancer and Contractor Services Association (FCSA). Commenting on the move, the FCSA said it was concerned that the step will work to tarnish the reputation of the many compliant and responsible umbrella companies working in the best interests of contractors…
Working from home can be deemed a luxury to some however, the costs associated can be quickly forgotten and ultimately hit you with a surprise when certain bills drop on the doormat. Another luxury for Contractors however is that you can offset a proportion of these expenses against tax.
Essentially as a Contractor you are out in the working world by yourself and are responsible for both your level of work and income received as well as the amount of outgoings you incur. Modern day contracting can require you to travel to your clients and places of work from time to time and these occasional (or sometimes more regular)…
Last week we saw the Chancellor George Osborne deliver the Autumn Statement of 2014, declaring some key changes such as the stamp duty thresholds and various rates such as Personal Allowance and ISA Limits increasing.
