Our Blog
Can your Limited Company contribute to your pension?
When you’re busy building your contracting empire, you’ll want to rest easy knowing that your future is taken care of, usually in the form of a pension. So is your Limited Company able to make contributions? This blog explores [...]
The effects of the levy on dividend rates in April 2022 and how this affects small business owners
The government recently announced a rise in National Insurance and dividend tax rates that’ll come into force from April 2022 onwards, with an aim of raising the much needed funds for the new Social Care and Health levy. So [...]
Making Tax Digital – a contractor’s look at when, where and how you’ll be affected
What is Making Tax Digital (MTD)? MTD is the government’s plan to transform the tax system and move everything online. The Treasury minister Jesse Norman, has hailed the expansion of MTD the ‘next step to creating a modernised digital tax [...]
Are you entitled to childcare as a Limited Company contractor?
One of the great positives from contracting and running your own Limited Company is the flexibility it provides. You get to choose when, where and for whom you work, and can chop and change whenever you like. So how [...]
Electric cars – how much tax can you expect to pay?
The recently announced tax band changes have meant that purchasing an electric car is a more realistic possibility than ever before. Along with the planned ban on petrol and diesel cars from 2030 onwards, you may be considering upgrading [...]
The Budget October 2021
Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals [...]
The Super-Deduction Tax Relief
As a Limited Company contractor you’ll no doubt have equipment to enable you to complete your work. HMRC allows you to offset part of the cost of purchasing said equipment against your company profits. Plus, as an extra bonus, [...]
A contractor’s guide to the announced dividend tax increase
Contractors have had a lot of change this year, so it’s safe to say that the unexpected increase to dividend tax rates was a bit of an unexpected (and unwanted) announcement. In this blog we explore what’s been announced, [...]
Should you be doing ATED returns as a property investor?
What is an ATED? An Annual Tax on Enveloped Dwellings (ATED) is an annual tax that’s payable by UK companies that own UK residential property with a value greater than £500,000. If your property satisfies one of the following [...]
Taking money from your Limited Company & how tax is affected
If you find yourself needing to take money out of your Limited Company there’s a few things you’ll need to be aware of before you do so, one of which is the tax implications. In this blog we take [...]
A contractor’s guide to bounce back loans, dividends and illegal dividends
New to contracting? We explain what dividends are If you’ve been contracting for a while you may wish to skip this first section, but if you’re just starting your contracting career or are considering taking the leap, you may [...]
Seven top tips for Limited Company contractors to reduce your income tax bill in 2021
We’re now well into the new tax year, and whilst tax might be at the back of your mind, it’s still well worth understanding its importance and how making it work in your favour could save you money. In [...]
Business insurance – what a Limited Company contractor needs to know
As a contractor you’ll want to be able to contract worry-free, knowing that you’re 100% covered should the unexpected happen. In order to be able to do so, you’ll want to ensure you have the correct insurance in place, but [...]
As a Limited Company contractor should you pay National Insurance?
If you’re new to contracting you’ll probably have lots of questions about how your company is run and what your tax obligations are. One of which is your National Insurance Contributions. But should you even pay them? In this [...]
Should you opt-in or opt-out of The Agency Conduct Regulations?
The Conduct of Employment Agencies and Employment Business Regulations 2003 were created in 2004, with the aim to enforce a group of minimum standards which the UK’s private recruitment industry must adhere to. These standards are applicable to both [...]
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