Category: Contractors Advice

Stay up to date with upcoming budget announcements and IR35 developments. Find expert solutions to your tax related queries and learn how to apply for a mortgage successfully.

All our contracting guides are written by qualified, experienced accountants for contractors and small businesses..

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IR35 Tax Investigation by HMRC

Double IR35 Blow: HMRC Loses To TV Presenter Helen Fospero and IT Contractor Richard Alcock

English TV presenter and journalist Helen Fospero, has become the ninth broadcaster to claim victory over HMRC at the first tier tribunal.

How to Maximise Your Tax Efficiency – 15 Top Tax Tips for 2019/20

How to Maximise Your Limited Company Tax Efficiency – 15 Tax Tips for 2019/20

Operating through a limited company structure is usually the best way, for a self-employed individual, contractor or entrepreneur to legitimately and compliantly maximise your tax efficiency. This is because you can take remuneration through an efficient mix of salary and dividends and claim a wide range of legitimate business expenses.

Here are some top tips that could help you save tax either through your company or personally through your self-assessment

IR35 Consultation Results and off-payroll

IR35 Watch – Results of the Government’s formal consultation on proposed changes to off-payroll in the private sector and industry responses.

A month on from the end of the Government’s formal consultation on proposed changes to off-payroll in the private sector, and its time to consider the proposed changes, how these will affect you as a […]

Claiming Back Travel Expenses - 24 Month Rule

What is the 24 Month Rule?

There are numerous rules and limitations when contracting. However, one of the more important rules all contractors need to be aware of is the “24 Month Rule” when claiming expenses. What is the 24 month rule? As […]

Eamonns Holmes and his IR35 tax issues

Eamonn Holmes facing up to £2m in tax relating to IR35

The next high-profile TV presenter that HMRC has its focus on over their IR35 status is Eamonn Holmes. His company, Red White and Green Ltd has been awaiting the Court’s ruling over whether he has […]

An MVL can be a great option

How to close your company and extract the profits at 10%

All things come to an end eventually and contracting is no exception.  Whether it was your decision or not, you might eventually decide to close down your company and move on to new projects. If […]

Retirement planning as a contractor

Let’s face it, retirement planning isn’t the sexiest subject in the world and for a lot of people, it’s perceived as something that isn’t a priority in their life right now. However, pension planning is […]

Gross Payment Status

CIS – Gross Payment Status Update

The Construction Industry Scheme (CIS) requires contractors to deduct tax at source on payments made to a subcontractor. However, the subcontractor can register with HMRC for gross payment status to stop the tax at source […]