The main aim of Making Tax Digital (MTD) is to simplify tax reporting for businesses. MTD for VAT was rolled out on 1st April 2019 for VAT-registered limited companies which have taxable turnover above the £85,000 registration threshold. Read more
You can pay anything from £50 to £150 per month for a contractor accountant. So what should this monthly fee include, and what ‘extras’ might you have to pay? Read more
Childcare schemes for contractors – how do they work and what are you entitled to? Read more
A concise guide to the taxes you will encounter as a limited company contractor – Corporation Tax, VAT, National Insurance, Income and Dividend Tax. Read more
As a limited company contractor, what is the most tax-efficient salary to pay yourself in the 2019/20 tax yer, and any staff you employ? Read more
If you’re decided to work via an umbrella company, you will be faced with a bewildering choice of providers. Here are 15 essential tips to help your compare umbrella companies. Read more
Ongoing training is key to enhancing your existing skills, and sourcing new contract work, but which training costs can you claim via your limited company’s tax bill? Read more
As contractors do not receive the insurance benefits often provded to permanent employees, taking out a relevant life insurance policy is a tax efficient way to protect your loved ones. Read more
The stand-out announcement from the October 2018 Budget was the extension of ‘off payroll’ rules to most private sector businesses from April 2020 onwards. So, what does this mean for contractors? Read more
If you are a professional contractor, you can claim back wide variety of expenses against your limited company’s tax bill. Here we look at the most typical contractor expenses. Read more