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.

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

How to maximise your tax efficiency in 2020/21 – Top tax tips to help reduce your tax bill

How to maximise your tax efficiency this year?​
There are many solutions you should be aware of in order to fully optimise your take home pay in 2020/21.
To help you get started today, here’s a quick review of some of the benefits available for you and your business.

HMRC was given another red card about IR35 mutuality of obligation

IR35 Update: HMRC got another “Red Card” about mutuality of obligation

On May 6th, upper tribunal judges, Zacaroli and Scott gave a key ruling in regards to one of IR35’s most disputable factors – ‘Mutuality of Obligation’. Read the full story

Limited company setup guide - Give your new business a flying start

The Complete Guide to Setting Up Your Limited Company in 6 Easy Steps

Even during these troubled and uncertain Coronavirus times, starting a small business is an exciting step. It puts you firmly in control of your own destiny and earning power while also being a very tax-efficient […]

2020/21 dividends tax guide for directors and limited company owners

What are dividends and how are they taxed?

For most small business owners, the best take-home pay solution is a mixture of salary and dividend, whereby you take your tax-free personal allowance as salary and the rest of your income as a dividend. There are certain rules you have to abide by when calculating and taking dividends. Here we explain how dividends work.

Taking salary and dividends

UK Dividend tax rates and thresholds for 2020/21

The new tax year starts today and whilst we all have other matters on our mind, its worth noting the changes to the tax thresholds and new changes introduced, summarized below.

Coronavirus Job Retention Scheme (CJRS) - Guide for contractors and business directors with no employees

COVID-19 support for Limited Company Directors/PSCs – Coronavirus Job Retention Scheme (CJRS)

What is the Coronavirus Job Retention Scheme (CJRS) and how do you access it?
How can you furlough yourself as a director of your limited company and what are the CJRS rules you need to be aware of before deciding to furlough yourself?

2020/21 new tax year rates in the UK

2020/21 Tax Year – What’s Changed?

A new tax year began on April 6th. It will introduce more than a few dramatic changes you should be aware of as a business owner. To help you get ready for the 2020/21 tax year, we have prepared a round-up of these key changes.

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.