Our Blog
Can I reclaim expenses from before I formed my limited company?
If you spent money on setting up your business before you incorporated it, you may be able to claim for some or all of these pre-trading expenses, as long as they are legitimate business expenses. This article looks at what [...]
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 [...]
Pros and cons of a limited company
For many contractors, it makes financial sense to work through their own limited company. Plus, many organisations and agencies will only work with limited company contractors. We’re sure you’ve heard the many myths that surround setting up and running a [...]
Getting a mortgage as a self-employed contractor
Owning a home is a dream for many of us, but if you work as a self-employed contractor, you may have seen first-hand how tricky it can be to obtain a mortgage. That’s because mortgage lenders want to ensure you [...]
Overseas contracting: top things to remember when contracting abroad
If you’ve had enough of the British weather and pine for warmer weather, or, if you’re keen to try out working in a different country, then contracting overseas could be a great option. Plus, it’s never been easier to work [...]
Directors Loan: 5 things you should know
It’s not a well-known fact, but it is possible to loan money from your limited company. This is referred to as a Directors Loan, and it is defined as “money which is taken out of a limited company which isn’t [...]
Is my private limited company IR35 compliant?
Working as a contractor is an exciting career path, but it also involves understanding a plethora of tax regulations. One of the most complex areas of tax for contractors is the Intermediaries Legislation, otherwise known as IR35. Significant changes have [...]
What are my wages as the director of a private limited company?
If you’ve decided that 2019 is the year you will become a contractor, congratulations. Following the excitement of setting up your own company and choosing which contracts you want to work on, you’ll probably start to think about how you [...]
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 [...]
How to claim childcare costs as a contractor
Childcare costs in England are one of the highest in Europe, according to research by the OCED. The average cost for a child under two in nursery, is £122.46 per week (on a part time basis) and £232.84 per [...]
What does a limited company accountant cost?
Being a director of a limited company, comes with additional responsibilities, like filing paperwork and accounts with Companies House and HMRC by specific dates. Failure to do so can lead to you to being penalised. Finding the time to stay [...]
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 [...]
Being paid by an umbrella company
If you’re thinking of becoming a contractor, the two main ways you can work are through your own limited company or via an umbrella company. We advise individuals who are serious about contracting or who want to work the most [...]
Late payments: what are your rights?
Working in the service industry means that at some point you will encounter a client who fails to pay your invoice on time. Chasing clients for unpaid invoices can be stressful and it also wastes a lot of time. On [...]
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 [...]
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