If you’re a director of your own limited company or a secondary shareholder of a limited company, you’re required to fill out and submit a Personal Tax Return, aka a self-assessment, to HMRC. Here are some common mistakes made when completing tax returns, and how to avoid them.
If you’re a seasoned contractor or freelancer with a solid client base, you may have thought about taking the next step by running or growing a small business. This guide will help you understand what it takes to run a small business or start-up.
The government has delayed the rollout of Making Tax Digital, the initiative that will transform the tax reporting system to a totally digital structure. An amended timetable for Making Tax Digital has been set which will give accountants and businesses time to prepare and adjust processes to deal with the new system.
Using a PAYE umbrella service is a simple and efficient way to get paid as a self-employed worker. However, the time may come when it is in your best interest to say farewell to your umbrella company and become the director of your own limited company. This article will investigate when you should consider switching from an umbrella service to an umbrella company.
Are you searching for an accountant to look after your finances whilst you are contracting? Just like any important purchase, it’s essential that you do your due diligence and research providers thoroughly before coming to a decision.
Becoming a marketing freelancer or consultant could be a good way to advance your career in marketing whilst also stepping away from corporate rules and 9 to 5 office restrictions. But what does it take to be a marketing freelancer?
When you decide to become a contractor or freelancer with your own limited company, you have to register a company name. This means you should choose a name that is professional and is easy to remember. We discuss ways to help you select a catchy and appropriate name for your limited company.
HMRC released its Employment Status Service (ESS) tool in March to help provide clarity around IR35, and to assist public sector clients and agencies in assessing the IR35 status of their off-payroll workers. There has been plenty of controversy surrounding it, with some experts claiming it is inaccurate whilst HMRC jumps to its defence.
Supervision, Direction and Control (SDC) came into effect on 6 April 2016 as a way of limiting the number of umbrella contractors being able to claim travel and subsistence expenses. Do you know what SDC is and whether or not you are subject to it?
Are you new to the UK and looking for work? Or are you thinking of coming to the UK for work? Contracting or freelancing is a great way for skilled professionals to break into the workforce in the UK, and you may even enjoy the flexible lifestyle so much that you’ll decide to continue contracting for many years to come.