Resources - tax

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

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Self-Assessment – it’s getting to that time again

Self-Assessment – it’s getting to that time again

Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...

Becoming VAT Registered As A Contractor

Becoming VAT Registered As A Contractor

Hitting the VAT threshold is a bittersweet moment for any contractor. On the one hand, it’s a sure sign that you’re doing something right, drawing in an ever-increasing salary from high-value contracts. On the other, the prospect of facing more tax liabilities may...

How Does A Tax Investigation Work?

How Does A Tax Investigation Work?

If you ever have the misfortune to see an envelope stamped with the HMRC logo drift through your letter box, a slight sense of panic is understandable. Tax investigations are rare, but when they’re launched, serious consequences can result if you wilfully ignore or...

What Is IR35? How Does It Work?

What Is IR35? How Does It Work?

Contractors are generally a savvy bunch, applying their skills to a project for several months and enjoying the perks of being a mercenary for hire. It’s comforting to know that as soon as one job finishes, another totally different client may be waiting in the wings...

Making Tax Digital – What You Need To Know

Making Tax Digital – What You Need To Know

As children of the digital revolution, we’re always promised things will be made simpler, more convenient, or downright illuminating compared to what we have in the present moment. It’s probably good to take these claims with a pinch of salt, but when the internet...

Do You Have Enough Set Aside To Pay Your Taxes?

Do You Have Enough Set Aside To Pay Your Taxes?

Seeing a steady stream of income sprout from your hard work is a beautiful feeling. Freelancers and contractors may feel they can finally rest at ease once they’re able to sustain a living. However – the taxman will be very interested in what you’ve managed to earn,...

RTI Submissions: What You Need to Know

RTI Submissions: What You Need to Know

Limited companies are required by law to make RTI (real time information) submissions to HMRC on a regular basis, detailing salaries, PAYE and NI. As a freelancer or contractor running a director-only company, this may seem like an unnecessary burden, but fail to keep...

Contractors and Freelancers: How Should You Pay Yourself?

Contractors and Freelancers: How Should You Pay Yourself?

The freedom of working for yourself is pretty unrivalled when it comes to making a living. Somewhat erratic wages are a natural by-product of working around clients who have their own schedules and priorities, and freelancing means you’ll have to weather the peaks and...

Setting Up A Limited Company: A Jargon-Free Guide

Setting Up A Limited Company: A Jargon-Free Guide

Incorporating your company is a shrewd business move for a contractor or freelancer. By setting up a limited company, you can protect more of your hard-earned profits, and minimise risk when dealing with high-value clients and contracts. However, the ins and outs of...

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