Which training expenses can you claim via your company?
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
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5 reasons to consider taking out Relevant Life Insurance
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
Budget 2018 – major changes to IR35 from April 2020
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
What are trivial benefits? Tax-free perks for directors and employees
What qualifies as a ‘trivial benefit’ according to HMRC and how you can reward your staff and company directors with a simple gift or benefit without them being taxed? Read more
Contracting and the loan charge 2019 – are you affected?
The 2019 loan charge is a retrospective tax law which seeks to collect taxes from anyone who worked via a contractor loan scheme in the past. Read more
Critical illness insurance for contractors
Critical illness insurance is a type of policy designed to cover you if you happen to be diagnosed with a serious medical condition. It’s a policy aimed specifically at contractors and other limited company directors. Read more
Taking a break – how to make your limited company ‘dormant’
There may be a time when you want to take a break from contracting or other business activity, whilst keeping your limited company in an ‘inactive’ state. How to make your company dormant. Read more
The best online accountancy software for contractors
With so many different products available, how do you know which bookkeeping software is best for your contracting business? Our quick guide provides a few key pointers that should make it easier to decide. Read more
Contractor expenses – what is the P11D form?
Form P11D details the cash equivalent of benefits and expenses UK-based employers have provided to company directors and employees in a given tax year. It’s a statutory form required by HMRC and has to be submitted annually. Read more
Relevant Life Insurance – tax efficient cover for company owners
If you want to take out a life insurance policy to protect your dependants should you die, you could benefit from a ‘relevant life’ policy, which is paid for by your limited company, resulting in a significant tax saving. Read more