Our Blog Posts
See our latest articles on the current accounting and taxation issues affecting our clients.
Contractors vs. Employees: Who Really Pays More in Taxes Now?
In today's blog post, I investigate an intriguing comparison: how the tax burden for contractors has evolved over the last 21 years and how it stacks up against the taxes paid by full-time employees. My curiosity stems from wanting to uncover whether contractors...
Maximizing Tax Savings with a Contractor Accountant
Looking at ways to maximize your tax savings? Maximizing tax savings with a contractor accountant might be your key. This article reveals how tailored advice from a tax specialist like us can translate into impactful savings. By drilling down into into strategic...
National Insurance Number 101 for Freelancers
Need to apply for or find your National Insurance number (NINO)? Whether you’re a freelancer, a new employee, or a recent UK resident, your NINO is key for employment, taxes, and accessing benefits. This article cuts straight to the chase, giving you straightforward...
Streamline Your Limited Company Set Up
While we offer a free company formation service for all of our new accounting clients, we still have a handful of new clients that come to us with a pre-formed limited company. For those who are looking to make a move into contracting, the company formation process is...
Transitioning from Employee to Contractor: Understanding the Key Differences
For a lot of our new contractor clients the switch from being an employee to a contractor can seem daunting and overwhelming. There are so many balls to juggle, and it's a complete shift in mindset from being a full-time employee to an independent contractor. Today...
2024 Spring Budget Updates
Today the Spring Budget 2024 speech was delivered by Chancellor Jeremy Hunt. Here we delve into the heart of the 2024 Spring Budget and what it means for you. As professionals navigating the complexities of the UK tax system, staying informed on governmental updates...
Paying Tax on Dividends in 2024/25
Today we look at the tax impact of taking dividends in the 2024/25 tax year. While the dividend allowance has again been reduced (from £1,000 in 2023/24 to £500 in 2024/25), the tax rates and income bands are largely unchanged, and there are still ways you can receive...
Ultimate Guide to Register as Self Employed: Tax Tips and Steps for 2024
Although the vast majority of our clients still tend to be limited company contractors, we have certainly noticed an increase in new clients using our sole trader accounting service who are self-employed. Those who are newly self-employed often have...
What is the VAT: A Simple Guide to Understanding Value-Added Tax for Beginners
This guide is intended for contractors and freelancers who want a basic understanding of VAT and how it works for their business. What we have found is many of our new clients who don't have any previous experience working for...
What is a Dormant Company, and What do I need to tell Companies House and HMRC.
There are times when our clients want to make their limited company dormant. This isn't when they stop working through it for a few months, but rather they want to cease trading for an extended period of time, usually several...
Maximizing Savings: A Guide to Navigating Tax for Contractors
With the new year now behind us I thought January would be a good time to recap on the taxes that limited company contractors are liable for when working through their own limited company. This guide will be particularly useful for contractors looking to use a...
Crypto Tax UK: How to Work Out What You Need to Pay
Questions around paying tax on crypto assets tend to rise and fall with the value of underlying crypto assets, and with the rise in Bitcoin over the past year or so, I thought now was a good time to prepare a blog article about crypto and taxes. Recently the HMRC...