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 [...]
Tax Planning for 2019/20
For the 2019/2020 tax year, tax allowances and rate bands have increased. 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 [...]
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 [...]
Tax Planning for 2018/2019
For the 2018/2019 tax year, allowances and rate bands have increased – with the exception of the tax free dividend allowance, which has reduced to £2,000. In this article, we demonstrate what that means to contractors in real terms, and [...]
Latest legislation 2018: How will it impact you?
The world of contracting is ever changing. This week’s article discusses some of the changes to legislation that are occurring that contractors or owners of limited companies need to be aware of. Drop in dividend tax allowance A large proportion [...]
Changes to childcare vouchers – what it means for contractors
The date is set. From 6th April 2018, the childcare voucher scheme will close to new applicants. Those already in the scheme can continue to use it.This week’s article delves into the change and discusses what it means for contractors.Childcare [...]
Recent tax changes for IT Contractors
The IT contracting sector is booming at the moment, particularly in the area of Cybersecurity and GDPR. If you are looking to enter into the IT contractor market for the first time or are looking to re-enter it following a [...]
Contracting in Cybersecurity
ContractorUK lists cybersecurity contractors as one of the most sought-after IT specialists. This statement is backed-up by a report that was released in December 2017 by The Recruitment & Employment Confederation (REC). The report states that the demand for cybersecurity [...]
Detailed Autumn Budget Report 2017
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. The 2017 Autumn [...]
Autumn Budget 2017
Philip Hammond delivered his Budget today after much speculation. All in all it was a pretty underwhelming budget speech and “red book”. All those rumours of immediate roll out of the public sector IR35 reforms to the private sector, reduction [...]
Inheritance tax receipts continue to rise
Latest figures from HMRC reveal a 22% increase in inheritance tax (IHT) receipts in the 2015/16 tax year. This is a significant uplift from the average 12% annual increases that have been experienced since 2010.