Our Blog
Preparing for IR35 – a checklist of everything you need to consider and start doing now
The IR35 reform has been talked about, planned and postponed, but as we inch ever closer to April its myth is quickly becoming a reality. Whilst we’re unable to stop it from happening, we can ensure we’re all ready [...]
Working inside IR35? You can challenge your end-hirer / client’s decision
If you find yourself with an ‘inside’ IR35 status determination, and you believe that you are truly ‘outside’ then you are able to challenge the end-hirer / client’s decision. You may feel that a wrong determination has been made [...]
Using your Limited Company abroad post-Brexit
The UK will be leaving the EU on December 31st, so what does that mean for contractors using their Limited Company outside of the UK? In this blog we explore the way in which you can contract abroad, post-Brexit. [...]
Furlough extended until March, Job Retention bonus scrapped
It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum [...]
Furlough scheme extended for November 2020
Hours before the furlough scheme was due to end on October 31st, the government has announced it will be extended until the end of November, as a further lockdown has been announced for England. Under the Coronavirus Jobs Retention [...]
Salary, dividends or both? How to effectively pay yourself as a Limited Company contractor
One of the financial benefits of being a Limited Company contractor is having the ability to choose how to pay yourself in the most tax efficient way. The most common way of doing so is by using a combination [...]
New to contracting? Top tips for staying on your path to success
Congratulations on your new career in contracting! Whilst it’s an exciting time there’s plenty to get your head around, especially if this is your first time in self-employment. But fear not! The experts here at SG Accounting have put [...]
IR35 April 2021 – a reminder of what’s happening
Remember when IR35 was the biggest thing to worry about? It feels like a life time ago now, and you may have even forgotten, given everything else that’s been going on. But whilst it may seem like it’s taken [...]
Coronavirus business support measures
Rishi Sunak today announced that the government will cover up to two thirds of workers' wages if their hours have been reduced due to the coronavirus pandemic. It is hoped that the ‘Jobs Support Scheme’ will help to reduce [...]
Finding the right contractor accountant for you
As a Limited Company contractor you’re busy, and you don’t want to spend your free time dealing with a poor accountant. Chasing late filings, dealing with confusing communication or paying for a substandard service shouldn’t be something you’re having [...]
Considering a career in contracting? Here’s everything you need to know about IR35
Stepping out into the unknown world of contracting can be daunting, especially when there’s so much to get your head around. From leaving the security that permanent employment provided to getting everything ready, there’s plenty of things a contractor [...]
Economy rebuild measures announced
The government today announced what they refer to as their next step in rebuilding the economy. Their focus is very much around preventing unemployment whilst gradually stopping the furlough scheme, boosting the hospitality sector and kick starting the housing [...]
Your guide to Contractor Mortgages
Making the decision to purchase a property, whether that’s your first home, or if you’re planning on moving up the property ladder, is a huge and exciting step. It can be made more complicated when you throw into the [...]
How can I carry out a credit check on my customers?
Many people love the idea of running their own business but are concerned about the stability of self-employment. In theory, it should be simple; you do the work, you invoice your customer and they pay you. But there may [...]
Tax planning for 2020/21
For the 2020/2021 tax year, tax allowances and rate bands have, in the main, remained the same. In this article, we demonstrate what that means to contractors in real terms, and offer our advice for trading as tax-efficiently as [...]
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