Resources - Blog

As contractor accountants, we have helped countless clients who are new to contracting ensure that they are on track for a successful financial start.That said, we have also witnessed many new freelancers make common, easy to avoid mistakes. Here is a list of our top...

So, you've been with your current accountant for years, and you've not missed a deadline yet! But is that enough? Does your accountant really work for you? Are you advised on what you could be claiming for or only "what you cannot be claiming for"? Is your accountant...

We have come up with 7 simple tips to keep you on the right side of HMRC. 1). Ensure Submissions are on time - Whether it be submitting your VAT returns on time each quarter, or ensuring your annual accounts have been filled within the 9 month deadline. Make sure that...

In light of the 2015 budget being announced yesterday, we take a look into what this means exactly for contractors and freelancers. As originally feared, all in all, the budget brings bad news for the majority of contractors. We have picked out some of the points...

Here at BI Accountancy we think that cloud accounting may well be the best invention since "sliced bread". But don't just take our word for it. Like most decisions moving away from what you know can be a difficult choice to make, we have put together a list of some of...

We're looking at some of the mistakes a contractor can make when first starting out.Below we have complied a list of common mistakes which contractors make when first starting out. Almost all of these mistakes can be squashed by appointing a contractor specialist...

From a legal point of view there is no obligation to appoint an accountant to look after your tax affairs. You will find lots of free advice available for contractors who have a DIY attitude towards their accounts and tax affairs. However even with the latest...

All Limited Company contractors will have to deal with tax at some point. We have put together a list of useful tax tips to help contractors come to terms with the subject quickly. 1). Make sure you are claiming for all expenses relating to your business activity-...

Umbrella vs Limited Whether to operate through a limited company or an umbrella company is one of the most important decisions a contractor must make. Two main factors to think about when making this decision are Time and Money. Money – In short operating through a...