Our Blog Posts
See our latest articles on the current accounting and taxation issues affecting our clients.
Joy Pilot: Effortless Cloud Accounting Software
As many of you will know, we have always developed our own accounting software for our clients to use. We initially did this because when we started our business in 2003, there was no cloud accounting software available for our clients, and we also really liked the...
2023 Autumn budget update
From the latest UK annual budget outlined in the Autumn Statement 2023, it is clear that the government is steering the economic ship towards a stable and growth-oriented trajectory post-pandemic and amidst global energy challenges. The overarching theme of this...
The Ultimate Guide to Umbrella Companies
We have been providing our contractor accounting service for nearly 20 years and are well positioned to provide a detailed guide on using an umbrella service. This is not only because we've lived through nearly 20 years of IR35 updates and Off Payroll changes, but...
Your Essential Guide to Pension Contributions for Contractors
As a contractor, planning for your future and securing a comfortable retirement may seem like worlds away from the day-to-day blood, sweat and tears of working through your company for your end clients, but its worth some of your attention...
Relevant Life Insurance for Contractors: Save Money and Protect Your Family
Imagine protecting your family’s financial future while also saving on taxes and offering yourself an attractive company benefit that avoids any benefit-in-kind tax charges. That’s what relevant life insurance can do for you, and your...
Surviving IR35: Options if Your Client Won’t Hire Outside IR35
Surviving the IR35 landscape can feel like navigating a minefield for contractors, so today I have produced this guide that offers practical solutions and expert advice to help you sail through these murky waters. Discover how recent...
2022/23 Dividend Tax Calculation. Two Practical Examples
Today I wanted to take a look at two practical examples of how to complete a dividend tax calculation for income based on the 2022-23 tax year. The reason I wanted to do this is we do have our dividend and salary tax calculator on our...
Calculate Your Take Home Pay with Our Contractor Calculators
Today I want to look at the two contractor tax calculators that we have on our website (actually we have three and I'll quickly touch on our corporation tax calculator later). The first calculator considers taxes for contractors working...
Contractor Tax Calculator Example in 2023
Today we're going to consider the case of a contractor who is working in the UK and is wanting to consider the tax effects of working as a sole trader, through a limited company, and via a PAYE umbrella company. I want to...
Exploring the Advantages and Disadvantages of Sole Traders
Today we look at sole traders. Because a lot of our contractor clients get their work through recruitment firms the use of the sole trader structure is not all that common. We'll explain the main reason for this further on in the article but what we have found over...
Understanding Employment Allowance Eligibility in 2023
As the year 2023 rolls on with businesses incurring higher costs, it is more important than ever to stay well-informed about the latest changes and updates regarding tax reliefs and cost saving ideas. The Employment Allowance is one area where businesses can save...
Create a UK Invoice Template – Free & Customizable in 2023
For most people, gone are the days of laboriously creating invoices from scratch. That is not to say it still doesn't happen and in fact I still get manually prepared invoices from time to time from suppliers. But these days there is not really any excuse not to...