Can I furlough myself as a Limited Company Contractor?
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 [...]
Coronavirus business support measures explained
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 [...]
Sunak delivers Budget to meet ‘challenging times’
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 [...]
FCSA accreditation for SG Accounting and SG Umbrella
We’re delighted to announce that SG Accounting and SG Umbrella have been added to the accredited members list of The Freelancer and Contractor Services Association (FCSA). To become an accredited member, we’ve had to undergo an independent and rigorous [...]
Important IR35 update: be prepared for April 2020
You will no doubt be aware of the proposed changes to IR35 (often referred to as the ‘off-payroll rules’) set to come into force from April 2020. Our aim here is to ensure you are aware of the support [...]
Could you benefit from the Rent a Room scheme?
Do you have a spare room in your home? Maybe your kids have grown up and have moved out? Or, you’ve moved into a new property and you find you have spare space? Instead, of converting this space into a [...]
Thinking about changing your company car? Why waiting until 2020 could be a good idea
If you’re a contractor who is thinking of purchasing an environmentally friendly company car through your limited company, due to the car benefit changes, you may be better off waiting until 2020 to do it. Tax on company cars [...]
SG Accounting shortlisted for Best Contractor Accountant in the Contracting Awards 2019
SG Accounting are delighted to be shortlisted for the inaugural Contracting Awards 2019 in the Best Contractor Accountant category. A high number of nominations were received and, after being judged by the Contracting Awards panel, SG Accounting has made [...]
IR35 in the private sector: draft legislation announced
Contractors’ questions on the new ‘off payroll’ working reforms are beginning to be answered, as the government announces draft legislation for the Finance Bill 2019-2020. IR35 in the private sector, as it is commonly referred to, is due to take [...]
Upskilling and CPD for contractors
As an independent contractor the majority of your time is spent on client work (as this is what pays the bills!) but as more people choose to become contractors (figures for 2018 show that there around 1.77 million people are [...]
Top-paying sectors and roles for contractors in 2019
Contracting may not be for everyone but for those who are willing to fully embrace it, they can find themselves having greater control over the type of projects they work on, being able to choose which companies they work with [...]
Our Managing Director’s take on the Spring Statement
The Chancellor has said before that the Spring Statement would be more of a fiscal state of the nation than an opportunity to announce new legislation but with the backdrop of the Brexit vote defeat last night and further votes [...]
2019 Loan Charge
With less than one month until the changes on outstanding disguised remuneration loans (also referred to as 2019 Loan Charge) kicks in, we take this time to give you the low down on everything you need to know. Background to [...]
Contractors in 2019: Trends to look out for in 2019
A new year is an exciting time. New resolutions are made (and sometimes quickly broken), and new career goals are planned. If you’re an experienced contractor, you may be looking to branch out into a new area, or if you [...]
Making tax digital from April 2019
With effect from 1st April 2019 HMRC requires that businesses for whom VAT returns are mandatory file their returns in line with the new Making Tax Digital (MTD) requirements. If your taxable turnover is greater than the VAT registration threshold [...]
Private sector IR35 reform – what it means for contractors
When the reform to the Intermediaries Legislation (also referred to as IR35) was introduced to the public sector in April 2017, many in the industry speculated it wouldn’t be long until it was extended to the private sector. Well, they [...]
The Budget 2018: here’s what you need to know
The Chancellor, Philip Hammond stood up at 3.30 pm on Monday 29th October to make his third budget speech and more importantly his last one before the UK leaves the EU. We’ve worked our way through his lengthy list of [...]
Autumn Budget Report 2018
Chancellor Philip Hammond presented this year’s Autumn Budget earlier than usual, due in part to the crucial final stages of the government’s Brexit talks with the EU.In our budget blog we provide an overview of the key announcements featuring in the [...]
Latest legislation affecting contractors
Contracting can be one of the most rewarding ways to work – it gives you greater flexibility over who you work for and when you work. It can also provide the opportunity to work on some truly awesome projects.Yet, anyone [...]
Don’t get caught out by IR35 in 2018
Upon deciding to become an independent contractor, one of the first things you should acquaint yourself with is the Intermediaries Legislation or IR35 as it is commonly referred to. IR35 is a complex piece of legislation. To help you from [...]