Tax avoidance schemes come in all shapes and sizes. To veteran contractors, the warning signs may be obvious, but many others are (or have been) duped into using them. They represent a clear and present danger to your current and future prosperity. Read more
With hundreds of thousands of workers using umbrella companies in the UK, and over 500 providers to choose from, what is the government’s stance on umbrella companies, and how is it seeking to ensure compliance within the sector? Read more
There are a number of steps to complete when registering with an umbrella company. Here, we explain how each step in the process works – and what to look out for. Read more
If you are a contractor working on temporary assignments, there are two common ways in which you will be paid – via agency PAYE or through an umbrella company. Here, we explain the differences. Read more
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
Use our salary and dividends calculator to work out how much additional tax you will have to pay on dividends drawn down from your limited company. Read more
A tax code – typically several numbers and a letter – is used to work out how much income tax should be deducted from an employee’s salary. Read more
Tide is a great example of what the next generation of controlling your finances looks like. In this article, we’re going to learn more about Tide and find out what the Tide business bank account is. Read more
When you request a net take-home pay calculation from prospective umbrella providers, the numbers should all match. But, often, they don’t. Here we examine the tricks some umbrella companies use to artificially inflate workers’ pay figures. 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