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Coronavirus business support measures explained

By |March 23rd, 2020|Coronavirus, News|

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 to date. Last updated 17th August 2020: Additions to Grants for the self-employed Contents Coronavirus Job Retention Scheme Local authority [...]

Sunak delivers Budget to meet ‘challenging times’

By |March 12th, 2020|Coronavirus, News|

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 to support the economy through coronavirus contagion and pledged to give the NHS whatever extra resources are needed to cope. [...]

How to challenge a client’s IR35 determination

By |March 10th, 2020|IR35|

In 2017 when changes to the Intermediaries Legislation (IR35) were rolled out in the public sector, meaning end-clients were responsible for determining the IR35 status of limited company contractors, some employers took the decision to place all contractors inside IR35. While others refused to work with contractors entirely. This resulted in chaos - projects were delayed or put on hold. [...]

Should I refuse IR35 contracts?

By |March 3rd, 2020|IR35, Umbrella|

It’s estimated that thousands of independent contractors will be affected by the private sector IR35 changes. Even though concerns have been raised by organisations who represent contractors, freelancers and consultants, the changes are on track to come into effect in April. Our ‘IR35 survival guide’ discusses these changes in-depth, and covers your options going forward. For this article, we’ve decided [...]

Your options when working inside IR35

By |February 24th, 2020|IR35, Salary/dividends, Umbrella|

With April quickly approaching and the proposed IR35 changes to private sector contracts set to come into force, we’re continuing to delve deeper into IR35 and the potential implications it will have on contractors. Our ‘IR35 Survival Guide’ addresses lots of points, but we thought we’d cover what your options are if your contract is caught by IR35. Get professional [...]

FCSA accreditation for SG Accounting and SG Umbrella

By |February 20th, 2020|News, 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 assessment of our business services, operations, policies and processes, all of which have been examined to ensure adherence to FCSA compliance [...]

IR35 April 2020 – essential FAQs

By |February 17th, 2020|IR35|

With IR35 changes in the private sector just around the corner, find out here exactly what is happening, how the change might impact you and what action can be taken to protect your contracts and take home pay. What’s changing? From April 2020, the rules around IR35 in the Private Sector will be bought in line with those for the [...]

Your contractor accounting glossary of terms

By |February 4th, 2020|New to contracting|

Do you know your RTI from your PAYE? Contractor accounting can seem full of jargon and acronyms – so here’s a quick overview with our contractor accounting glossary of terms. Annual Financial Accounts Annual Financial Accounts often referred to as Company Accounts or Annual Accounts. They include  an income statement, a balance sheet and a directors’ report. Annual Financial Accounts [...]

24-month rule for travel and subsistence explained

By |January 13th, 2020|Expenses, Tax|

Being a director of a limited company, entitles you to claim for legitimate expenses that relate ‘wholly, exclusively and necessarily for the running of the business.’ A full list of allowable business expenses is available in our Expenses Guide. Included on this list are travel and subsistence expenses. But it may not come as a surprise to know that there [...]

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