10 essential steps to get started in IT contracting
Our guide for first-time IT contractors. How to get started – from quitting your job, to trading options and finding your first contract role.
What is the High-Income Child Benefit Charge, and how does it work?
This controversial tax rule reduces the amount of child benefit you are entitled to keep if you (or your partner) earns over £60,000 each year.
New HMRC guidance highlights risks of Managed Service Companies
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…
Can I buy health insurance or gym membership via my limited company?
What are the tax implications of paying for health insurance or gym membership via your limited company?
Can I pay my husband/wife a salary from my limited company?
If you work via a limited company, you may want to pay your spouse a salary. An accounting expert tells us what the tax and payroll implications are.
Closing a solvent company – understanding MVL tax changes post-Autumn Budget 2024
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.
How the Autumn Budget affects contractors following employers NI hike
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?
Life after work: the ins and outs of contractor pensions
How do you go about setting up a pension as a contractor? How much should you save? And what's the most tax-efficient way to pay into it?
What do the deductions on my umbrella company payslip mean?
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.
Stagnant job market and IR35 remain key concerns for contractors
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…