Resources

A selection of great tools, business guides and articles to help make your business a success

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Should I move my accounts to the cloud?

Should I move my accounts to the cloud?

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...

Costly mistakes when starting out contracting

Costly mistakes when starting out contracting

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...

Do I need an Accountant?

Do I need an Accountant?

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...

Tax Tips for Contractors

Tax Tips for Contractors

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...

Umbrella vs Limited

Umbrella vs Limited

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...

Survey Competition

Survey Competition

Take the BI Accountancy survey for a chance to win! We invite all contractors to answer our quick and simple survey. 7 questions regarding contracting and the current accountancy service you...

General Election

General Election

We're asking all contractors who will you be voting for come May 7th. With this years election being closer than ever, it looks like we will be in for another coalition. As always each party is...

Corporation Tax

Corporation Tax

What is Corporation Tax? Corporation Tax is the tax payable by a company on its taxable profit in the company’s accounting year. Currently the corporation tax rate is 20%. The calculation of the...

Expenses Guide

Expenses Guide

What expenses can i claim for? This is a question as contractor accountants that we hear a lot! Expenses should only be claimed if they are wholly and exclusively for the purpose of the business....

IR35

IR35

An introduction to IR35 IR35 is tax legislation first introduced in 2000, which affects freelance contractors. IR35 is more properly known as the 'Intermediaries Legislation'. Since April 2000...

Self Assessment

Self Assessment

What is Self Assessment? Self Assessment is a way in which HMRC assess all of your income. Self Assessment or Tax return as it is referred to simply lists all the income which an individual has...

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