James is an experienced business and finance writer. He studied economics and worked for large companies including British Airways, Citi and JP Morgan before working as a data analyst IT contractor. James founded Contract Eye in 2006 and also writes for a number of popular business sites. Connect with James on LinkedIn.
How can you check that your umbrella company payslip and net take home pay figures are correct, comply with UK tax laws, and don't include any unexpected deductions?
HMRC has provided new guidance warning contractors of the risks of using so-called 'Managed Service Companies' (MSCs). What is the MSC legislation? The MSC legislation was introduced in 2007 to…
If you are a limited company contractor, one of the first things you need to do is open a dedicated business bank account. We look at the steps you need to take complete the process.
We look out how CGT and Business Asset Disposal Relief (BADR) changes announced in the Autumn Budget affect contractors seeking to close their companies via a Members' Voluntary Liquidation.
Rachel Reeves delivered her first Budget today following months of speculation about which taxes would be increased to pay for a ‘black hole’ in the nation’s finances. How are contractors affected?
Receiving multiple payments can be a confusing part of being an umbrella company contractor. Here we explain how to deal with multiple clients and payslips.
When you become an umbrella company employee, you should receive a payslip every time your pay is processed. This guide explains what each entry on a payslip means and why they are there.
New research from a leading contractor accountancy firm shows that IR35 remains a critical concern for contractors, alongside securing new contract work in a difficult jobs market. The latest Contractor…
One of the most frequently asked questions by new umbrella employees is why they are responsible for paying Employers National Insurance Contributions (NICs). Here, we explain why.