Our Blog

Home/Our Blog
Our Blog2020-05-28T17:02:15+01:00

Coronavirus business support measures explained

By |March 23rd, 2020|Coronavirus, News|

This guide covers all of the business support measures announced by Rishi Sunak in March and is being updated as and when new initiatives are launched or changes are made to existing ones. Please bookmark this page to keep up to date. Last updated 17th August 2020: Additions to Grants for the self-employed Contents Coronavirus Job Retention Scheme Local authority [...]

Considering a career in contracting? Here’s everything you need to know about IR35

By |September 14th, 2020|Blog, IR35, New to contracting|

Stepping out into the unknown world of contracting can be daunting, especially when there’s so much to get your head around. From leaving the security that permanent employment provided to getting everything ready, there’s plenty of things a contractor needs to be aware of before starting their first contract. One of the most import things is IR35, but what is [...]

Economy rebuild measures announced

By |July 8th, 2020|Coronavirus|

The government today announced what they refer to as their next step in rebuilding the economy. Their focus is very much around preventing unemployment whilst gradually stopping the furlough scheme, boosting the hospitality sector and kick starting the housing market. The measures announced are: Furlough bonus £1,000 bonus for keeping furloughed staff until January 2021 – Employers who have furloughed [...]

Your guide to Contractor Mortgages

By |June 17th, 2020|Finance|

Making the decision to purchase a property, whether that’s your first home, or if you’re planning on moving up the property ladder, is a huge and exciting step. It can be made more complicated when you throw into the mix that you’re a self-employed contractor, and you don’t have what some banks/lenders view as a ‘stable-income’. In the past, this [...]

How can I carry out a credit check on my customers?

By |May 27th, 2020|Finance, Running your business|

Many people love the idea of running their own business but are concerned about the stability of self-employment. In theory, it should be simple; you do the work, you invoice your customer and they pay you. But there may be times when you come across a customer who says they aren’t in a position to pay your invoice right now. [...]

Tax planning for 2020/21

By |April 2nd, 2020|News, Tax|

For the 2020/2021 tax year, tax allowances and rate bands have, in the main, remained the same. In this article, we demonstrate what that means to contractors in real terms, and offer our advice for trading as tax-efficiently as possible. 3 ways to trade tax-efficiently for 2020/2021 Use the optimum salary levels for 2020/21. There are two main scenarios for [...]

Coronavirus business support – FAQ

By |March 31st, 2020|Coronavirus|

With Covid-19 (Coronavirus) having a massive impact on businesses across the UK, it’s understandable that our Limited Company contractors are keen to understand the business support measures that have been announced by the Government. We’ve created a guide to all of the measures that can be read here, and below you can read the answers to most frequently asked questions that [...]

Can I furlough myself as a Limited Company Contractor?

By |March 27th, 2020|Coronavirus, News, Salary/dividends|

Under the Government’s Coronavirus business support measures announced this week, it has been indicated that some Limited Company contractors may be covered by the ‘Job retention scheme’ and therefore can furlough themselves if unable to work due to Covid-19. There is a distinction in law between a director with a service contract and a director with an employment contract although [...]

Sunak delivers Budget to meet ‘challenging times’

By |March 12th, 2020|Coronavirus, News|

Sunak delivers Budget to meet ‘challenging times’ Chancellor Rishi Sunak delivered his first Budget, and the first since the UK’s departure from the European Union, against the backdrop of the coronavirus outbreak. The Chancellor announced a £30 billion stimulus package to support the economy through coronavirus contagion and pledged to give the NHS whatever extra resources are needed to cope. [...]

Speak to one of our Directors on 01962 867550

Enquire Now