Should you close your company using an MVL?
For many business owners, there will come a time when you want to close down your Limited Company for one reason or another. But until that point, you likely won’t have thought much about the process or have much [...]
S455 tax – what business owners need to know
If you have your own Limited Company there may be times where you lend money to your company, which traditionally comes without tax implications. But what about when you need to personally borrow money from your Limited Company, and the [...]
The Autumn Budget 2024
Forty billion pounds of tax rises represents one of the very largest tax rising Budgets outside of a time of recession, with Rachel Reeves announcing a compendium of changes aimed at businesses and higher tax payers. A penny off a [...]
Can you claim free childcare whilst working through your Limited Company?
Ask any parent what the most expensive part of having children is, and the majority will most likely tell you it’s childcare costs. Second to your monthly mortgage or rental costs, you may find that what you pay in childcare [...]
Electric car tax – how much can you expect to pay and the differences between leasing and hire purchase
Are you running your own Limited Company and considering switching to an electric car? Before taking the leap it’s worth understanding the taxable implications that come with an electric car, and how this can be affected by the final [...]
How much can you claim for using your home as an office?
If you’re working from home or planning to do so in the future, you might be wondering how much you’re able to claim from your Limited Company for completing remote work from your own home. In this blog we explore [...]
The benefits of appointing a specialist accountant
As a small business owner, your accounting duties can sometimes start to get in the way of what really matters to you - running your business. This is especially true for those who have newly incorporated, as the extra [...]
Your Limited Company director’s responsibilities and key dates throughout the financial year – what you need to file with HMRC and Companies House
Directors of Limited Companies have legal responsibilities, such as filing/submitting various forms and returns to Companies House and HMRC throughout the financial year. If you’re new to contracting you may be unsure as to what needs to be done and [...]
How to maximise your tax efficiency before tax year end 5 April 2024
Allowable expenses Claim all of your allowable expenses – you can read our expenses guide here Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting [...]
Limited Company vs Sole Trader – what’s the difference?
If your New Year’s resolution was to take the leap into self-employment, you may be wondering how do you get started, what are your options, and how do you know which route is the right one to take? In [...]
Do you owe tax on cryptocurrency in the UK?
If you have, or have previously had any dealings with cryptoassets the chances are there will be a tax liability for you. There’s been some confusion in the past around the tax treatment of crypto, but HMRCs stance is [...]
The Autumn Statement 2023
Chancellor Jeremy Hunt has just finished delivering his Autumn Statement 2023, which he’s hailed a ‘huge boost’ for British competitiveness in his statement for growth. A series of measures were announced with the ‘overall impact of £20bn a year [...]
A guide to the cost of living crisis for Limited Company contractors working at home
Working from home in the UK can be costly, especially considering the current cost of living crisis. It’s therefore more important than ever to review your energy consumption and other costs, so you can keep more of your earnings. [...]
How to make tax efficient charitable donations through your Limited Company
Supporting causes that are important to you through charitable donations is a great thing to do. What you may not know, however, is that using your Limited Company for these donations can also lead to significant tax benefits. In [...]
The pros and cons of contracting through a Limited Company as an IT Contractor
When considering IT contracting as a career path, many find that operating through their own Limited Company is the best option, as it can add a certain level of credibility to your level of professionalism, and shows your serious [...]
SG’s 6 top tips for setting up a Limited Company as an IT Contractor
When you’re first starting out as an IT contractor and need to set up a Limited Company, it can be a really exciting time. With your skills, ambition, and strong work ethic, you're ready to take the leap. However, [...]
Your first year as an IT Contractor – riding out the early months to success
Your first year as an IT Contractor – riding out the early months to success Surviving your first year as an IT contractor can be challenging, but with proper preparation and guidance, you can navigate through it successfully. And [...]
Strategies to generate leads as an IT Contractor
Strategies to generate leads as an IT Contractor IT contractors often rely on recruitment agencies to secure work due to convenience and ease of access to job opportunities. However, marketing your contracting business can open doors for clients to [...]
The Spring Budget 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 [...]
Limited Company key dates throughout the financial year – your responsibilities and what you need to file with Companies House and HMRC
Directors of Limited Companies have legal responsibilities, such as filing / submitting various forms and returns to Companies House and HMRC throughout the financial year. If you’re new to contracting you may be unsure as to what [...]