Does IR35 apply to sole traders?
Although the Intermediaries Legislation was created to target alleged disguised employment by limited company directors, how are sole traders affected by IR35? Read more
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I’m moving home for a new contract – can I claim relocation expenses?
Changing your main residence for a new contract could mean it’s possible to claim a wide range of relocation expenses. These costs are exempt from tax and national insurance if they are considered ‘qualifying’ costs. Read more
Relevant Life Insurance – tax efficient cover for limited 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
6 benefits of online accounting for both contractors and accountants
As a limited company contractor, you’re busy, so you need a system which can keep up with your accounting needs. But does this take on the form of a spreadsheet or online accountancy software? Read more
Umbrella company payslips – what is the Apprenticeship Levy?
If you are working via a PAYE umbrella company, you may have noticed a deduction for the Apprenticeship Levy on our payslips. Here we explain what this deduction is, and why you are paying it. Read more
Making Tax Digital for VAT – is your limited company affected?
The main aim of Making Tax Digital (MTD) is to simplify tax reporting for businesses. MTD for VAT was rolled out on 1st April 2019 for VAT-registered limited companies which have taxable turnover above the £85,000 registration threshold. Read more
Contractor accountant fees – what are the typical costs?
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
Childcare schemes – what can contractors claim for?
Childcare schemes for contractors – how do they work and what are you entitled to? Read more
Tax basics for limited company contractors
A concise guide to the taxes you will encounter as a limited company contractor – Corporation Tax, VAT, National Insurance, Income and Dividend Tax. Read more
How to choose the best contractor accountancy firm
Selecting the right contractor accountant to use is an essential part of the process of starting out in the contracting world. Here are some top tips. Read more