A selection of business news and articles to help make your business a success
Self-employment gives you almost unlimited earning potential, but it also comes at a cost. Unless you want to spend every waking hour at your desk, it’s essential to bring in external support from qualified professionals, especially where your accounts are concerned....
Type ‘Umbrella Company’ into Google and you‘ll come across an array of outrageous claims. 90% take home after tax probably the most popular line put forward. In reality most umbrellas won’t get close to that – unless they’re breaking the law (tax avoidance) – and in...
We’ve written about IR35 an awful lot on this blog, as it’s a tricky piece of tax legislation every contractor should be aware of. In our introduction to IR35 we covered the very basics, but we didn’t delve too deeply into how you could avoid its tentacles. With that...
The latest labour statistics show that self-employment is at an all-time high, 4.66 million people now making a living this way. Tens of thousands take the plunge every month, swelling the ranks of the self-employed - contracting one of the most popular options for...
Speak to any seasoned accountant and they’ll tell you that good bookkeeping is essential. Keeping track of your financial transactions is key to the accounting process. Lose grip of what’s going on day-to-day and you could anger HMRC, penalties a prospect if dodgy...
Before taking the plunge into contracting you’ll need to dot some i’s and cross a few t’s, picking your legal structure is one of the key jobs that you’ll need to take care of. Everything from your profitability to your potential paperwork will depend upon what method...
As Budgets go last year’s wasn’t too kind on the self-employed, the bad and the ugly outweighing the good that came from Osborne’s speech. We saw tinkering to dividend structure, Employment Allowance and IR35 – but without doubt the biggest bombshell came in the...
When you first start out in your business endeavour it can be easy to forget the importance of staying on top of your taxation matters – not solely for your payroll and personal income tax, but also for your ever important VAT deadlines. Missing these comes with harsh...
If you own and operate a small to medium sized business, you are undoubtedly used to doing the jobs of many different skilled employees. On any given day you might play the role of an IT professional, a receptionist, a tea brewing expert and an accountant! As skilled...
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