Our Blog
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 [...]
Can I use company money to pay my personal mortgage?
We get asked lots of questions by our contractors, and this is one that comes up time and time again. Contractors who work outside of IR35, often ask us this because they may have sums of money held in [...]
Claiming interest on buy-to-let mortgages as a contractor
Anyone who has rental property or works in tax will know about the relatively recent changes HMRC have made to how landlords are allowed to claim the interest on their mortgages. See below: % of Mortgage Interest can be deducted [...]
Top tips for getting a mortgage when self-employed
According to HomeLet’s Rental Index, the average rent in the UK is £941 per calendar month. Many people see this as ‘dead money’ - going straight into the landlord’s pocket, with little benefit for them. If you’re one of the [...]
Charging interest on late payments
According to the Federation of Small Businesses (FSB), late payments by clients causes 50,000 small businesses to go under each year. This is estimated to cost the UK economy £2.5 billion. For contractors and freelancers, the personal cost of late-paying [...]
Grants and loans available to contractors
Small businesses including contractors and freelancers have become a driving force in the UK. The latest figures by IPSE – the Association of Independent Professional and the Self Employed, puts the number of self-employed at 4.8 million, who contributed £275 [...]
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 [...]
How to improve cashflow in your contracting business
According to research 8 out of 10 businesses fail within their first two years of operating. The number one reason is poor cashflow. The company could be making huge sales, but if their overheads are equally large or if their [...]
Freelancing from a coworking space – could it work for you?
The world of work is changing, and more and more people are choosing to become self-employed freelancers and contractors. IPSE (Association of Independent Professionals and Self-Employed) states that the number of self-employed in the UK now equates to 4.8 million, [...]
Are there any benefits to retaining a limited company while working ‘inside’ IR35?
Contractors are used to hearing that it’s best to avoid contracts which place them inside IR35. The main reason being that there’s a fair chance you’ll be deemed to be an employee and tax and NI will be deducted at [...]
Contracting abroad: Why professional advice is a must
If you’re offered the opportunity to contract abroad, it may be tempting to grab your passport and rush off to the airport. Not many people would blame you for doing this, as depending on the country you’re contracting in, you [...]
Surviving your first year as a contractor
Right now, is a fantastic time to become a contractor, particularly if you work in the IT and tech sector. Contractors with specialist skills in data science, cybersecurity, frontend developers and change managers are especially in high demand. And, our [...]
Top tips for dealing with stress an IT contractor
The IT sector can be a highly pressured environment, with clients demanding you get systems or projects up and running within the shortest time possible. This can lead you to working long hours to meet these tight deadlines. While you [...]
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 [...]
Harnessing the power of client testimonials
As well as having a killer CV and dazzling references another way to get work as a contractor is having client testimonials on your website or social profiles. A client testimonial is a mini case study which is provided by [...]
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New enquiries:
newbusiness@sg-accounting.co.uk
01962 896968
Existing clients:
enquiries@sg-accounting.co.uk
01962 867550