Christmastime is a great time to be rewarded for a year of hard work – and contractors can benefit too. Whether you’re a one-person limited company or a company with 50+ employees, you can claim for some Christmas party expenses to be exempt from tax and National Insurance (NI).
Private sector contractors’ right to decide their own IR35 status is being taken away from April 2020 when they are engaged by a medium or large-sized client and working through an intermediary such as a limited company. With these changes coming into effect, it’s good to know how end-clients and agencies may handle IR35 in such instances.
Chancellor Philip Hammond unveiled Budget 2018 on Monday 29 October 2018 – his last before Brexit. Overall, the reception to the Budget has been greeted with mixed emotions, but it is fair to say that some of the announcements are more positive than many predicted.
The Loan Charge Action Group is hoping for a Judicial Review to challenge the lawfulness of the government’s most brutal effort yet to tackle tax avoidance. We discuss this and how you can settle your tax affairs – if you are affected – in our latest blog on the 2019 Loan Charge.
Every year on 10th October, World Mental Health Day is observed to raise awareness of mental health issues and to highlight the importance of supporting mental health in all aspects of life. We discuss mental health with regards to how contractors, freelancers and self-employed professionals can be impacted.