This week (18th to 22nd November 2019) is Talk Money Talk Pensions Week in the UK. The goal of this week is to ease the discomfort around talking about money and motivate people to be more active in their financial wellbeing.
The two most common ways to get paid as a contractor are starting a limited company, and using an umbrella company. There are perks to running your own business – but is it right for you?
The deadline to file your 2018/19 self-assessment is less than 100 days away – HMRC is urging taxpayers to complete and file before the busy Christmas and New Year period arrives.
If you are a non-UK resident or expat and want to spend some time living and working in the UK, contract work could be the way to achieve your goals.
Many end-clients require contractors to be at least partially on-site, but negotiating some time to work from home (WFH) is entirely feasible. Whether you provide services through an agency or directly to the end-client, it’s important to approach working from home with care.
A tax avoidance scheme is a system that is set up to increase take home pay by avoiding tax, whether that be via offshore loan schemes, trusts, or job boards. HMRC is cracking down on these schemes more than ever and targeting contractors for unpaid tax.
Following the end of the 2018/19 tax year, you are required as director of your own limited company to produce dividend vouchers for all dividends that were declared in the tax year. We explain dividend vouchers and why they’re required by HMRC.
Automated letters can cause stress for contractors when the information given in the letter is incorrect or alluding to a tax payment that is not due. Here we detail what these automated letters can say and how to handle receiving one.
The new tax year for 2019/20 begins on Saturday, 6th April 2019. There are some key changes you need to be aware of that could affect you as a limited company contractor – including a couple of changes that come into effect on the 1st of April.
In a bid to tackle fraud in the construction industry, HMRC will be introducing a domestic reverse charge which will take effect from October 2019. It will mean that the customer will now be liable to account for the VAT in purchases rather than the supplier.