The Government announced drastic reforms to dividend tax in the summer budget; the changes will take effect from 6th April 2016. For most contractors, this means a significant dividend tax rise is coming. Our blog explains the changes that might affect you, and how you can stay one step ahead of the changes. Read on so you aren’t caught out.
You’ve decided that contracting appeals to you for your next career move; you will join the ever-growing independent professionals workforce of over 1.88 million. By choosing the limited company route, you open yourself up to the most tax efficient way to legally maximise your pay. Still thinking how to choose the right contractor accountant?
Yesterday’s Emergency Budget delivered several important announcements that will affect self-employed workers in the UK. The Government states that it stands up for the flexible workforce and supports hardworking British people. However, it is disappointing to see that these steps are increasing the tax burden for contractors.