Looking after the health of your employees (and yourself) will always be high on your priority list if you run a limited company. Here, contracting industry veteran, James Leckie, looks at the typical health and medical expenses you may encounter as a company owner.
Corporation Tax is a good example of a tax liability that can be significantly reduced if done right. By aligning your company’s annual profit against its annual costs,...
Given the pressures on self-employed people and small business owners at the moment, we’re pleased to see that there’s no need to worry about new Making Tax Digital...
Whether your intention is to work as a contractor, run a one-person limited company or you have plans to employ a team, we are here to help you with all the financial...
We know that setting up your own company can be both nerve-wracking and exciting. There’s certainly a lot to think about regarding the services you wish to offer and the type of clients you hope to work for, let alone the admin and tax side of things.
With Christmas a couple of weeks away and office parties in full spirit, we thought it's a good time to let you know our opening hours during the festive period. Our end of year opening times Date Time December 2019 Tuesday 24th 08:30-12:45 Wednesday 25th Closed...
Freelancing could be a great way to work and live by. The flexibility of working from anywhere at any time, setting up your rates, and choosing which projects to work on or with whom, means you can be your own boss. It's a 'no-brainer' really why more and more...
Companies House has recently published its ‘2018-19 Companies Register Activities‘ report. The document provides some valuable insights regarding the different corporate bodies in the UK and how they shape the Companies Register, and subsequently the UK economy. This...
In today's modern digital age, it is increasingly hard to avoid the many methods HMRC uses for catching tax cheats and those looking to bend the rules. HMRC has come a long way in recent years, and it now combines both modern technology and traditional methods, which...
Click here for the 2020/21 UK Dividend tax rates and thresholds. Current Tax Year ended 5th April 2019 In the current tax year ended 5th April 2019, we generally advise a salary of £702 per month, depending on your additional personal income to date. Not including...
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 a contractor, you are only permitted to claim travel...
Starting from April 2019, most VAT registered businesses will have to comply with the new ‘MTD for VAT’ regulations and submit their VAT Tax Returns via MTD compatible software. The current process of applying VAT records to your HMRC tax account will become a way of the past, as your invoices and transactions will be transmitted via what HMRC refers to as; ‘Digital Links’ and ‘Software Bridges’. So, to get a better idea about the adjustments needed and to help you get MTD compliant, we have put together the below, Making Tax Digital for VAT complete guide.
Business Insurance is a necessity of everyday life, be it be house, car, life or even mobile phone cover. In business, this is no exception but it is often overlooked as an essential service for every company offering services. Although not a legal requirement,...
What is GDPR? The General Data Protection Regulations 2018 (“GDPR”) is EU legislation set to apply in the UK from 25th May 2018. It replaces the current Data Protection Act (“DPA”) and is designed to unify the regulation of personal data across Europe. The government...