On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal Event” or Mini-Budget to help boost economic growth. This was in line with promises made by the new Prime Minister Liz Truss when she was campaigning...
Spring Statement 2022: How It Impacts Small Businesses Like Yours
This year’s Spring Statement was one of the most important yet. With costs rising sharply across all sectors, and the war in Ukraine still ongoing, it’s an incredibly uncertain economic climate at present. Chancellor Rishi Sunak made a number of key announcements in...
Contracting 101: Why staying on top of your taxes will help your reputation
There are countless benefits to being a contractor – you get to set your own hours, you can take vacation when you choose, you can charge the rates that you think you are worth, and you are your own boss. You never have to worry about being laid off or fired, but you...
How should you pay yourself?
Annual income is always a taboo topic when speaking to friends, but it can also feel like a taboo for freelancers! If you are new to contracting and freelancing, one of the most confusing matters you need to confront is how much you should be paying yourself at the...
3 ways to fix the cash flow problem for your contracting business
As contractor accountants in Manchester, one of the most common questions that we receive from our clients on a regular basis is: “Help! How can I fix my cash flow problems?” The first thing you need to know is that you are not alone if you are struggling with your...
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