If you are considering closing down your limited company – possibly as a result of the April 2021 ‘Off-Payroll’ changes in the private sector – what is the most tax-efficient way of achieving this goal? Read more
Moving from an umbrella to limited company structure should be a hassle free process – here are some things to bear in mind before making the move. Read more
Following a traumatic 2020 for contractors, here are four things to consider to help maximise your contract job opportunities during 2021. Read more
Although most contractors work as one or two-man limited companies, with no other employees, you are allowed to claim back the costs of an annual party for your staff. Read more
Contractors looking to cover themselves and any dependants for specialist and hospital treatment costs may be interested in find out more about private medical insurance (PMI). Read more
As a company director, you’ll almost certainly have to file a personal tax return before 31st January 2021. Here we look at what you should, and what you shouldn’t include on your self-assessment return. Read more
The limited company business structure is frequently used by professional contractors and many other small businesses. As the term would suggest, the financial liability of limited company directors is limited – their personal finances are separate from those of the company (unlike the sole trader business structure). For a number of reasons, it is very … Read more
Many clients now insist that contractors have adequate professional indemnity insurance cover in place. What is PI insurance?, and how to choose a policy. Read more
If you’re a contractor or freelancer working from home, there are a number of business expenses you can claim against your tax bill, and exemptions you should be aware of. Read more
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. Read more