When you’re working as a contractor you’ll more than likely need to use your own vehicle for work travel at some point. Here we look at how you can claim fixed HMRC mileage costs – and which costs you cannot claim back. Read more
Given that all qualified accountants should be able to keep the books of your average limited company contractor, why do most contractors hire specialist accountancy firms? Read more
One of the first things umbrella contractors ask is – what can they claim for on expenses? The truth and ‘mistruths’ about reclaiming contractor expenses. Read more
When you join a new contractor accountant, with incomplete accounting records in tow, should the new provider charge you to bring them up-to-date? Read more
The UK has one of the most unrestricted company formation regimes in the world, however not everyone is allowed to become a company director. Read more
The professional person you are most likely to seek advice from is your accountant. We look at the five things you want to avoid when choosing a contractor accountancy firm. Read more
IR35 insurance will cover the professional costs of any tax investigation, and even any tax and national insurance liabilities you are subsequently found to owe following an HMRC enquiry. Read more
The rules surrounding entertainment expenses are fairly complicated, so it’s important to be aware of the tax implications and reliefs available to your business before you pay for anything. This will ensure there are no nasty surprises at tax year end. Read more
From April 2020 onwards, new ‘off-payroll’ rules will be applied to private sector contractors. Here we explain what the new rules mean, and how you can prepare in advance of the implementation date. Read more
How does a PAYE umbrella company scheme work in practice? We look at the steps from signing up, to submitting your timesheets, getting paid, and how expenses are dealt with. Read more