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..

In need of some additional advice? Please don’t hesitate to contact us.

Government delay announcement of the off-payroll reforms

The Off-Payroll (IR35) Reform Delayed Until April 2021

The legislation will now be reintroduced in April 2021. This is a welcome decision in light of the worrying health and economic challenges we now face, but we must stress that it has been made clear that this is only a delay and not a cancellation.

Free Umbrella Solution for Contractors

Free Umbrella solution for all our PSC clients

If you’re affected by IR35 changes and need to switch to Umbrella, we can help.

Our new PSC/Umbrella package means you can enjoy the best of both worlds, toggling between limited company and Umbrella working, where appropriate. What’s more, our Umbrella is free to use when we look after your PSC accounts. It’s a great way to keep your options open.

Inside IR35

What should you do if your contract is inside IR35?

If you are a contractor working on an assignment which is considered to be outside IR35 now, you may find this is no longer the case when the new IR35 rules come into force in April. This is no reason to panic, but it is important to weigh up your options.

Off-payroll reforms: Why you shouldn’t close your company, just yet!

Although we are waiting for the new government to give us clarity on whether the off-payroll reforms will come into effect from 6thApril 2020, it is important to understand what things need to be considered when the decision is confirmed.

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 […]