Article archive — page 3 of 7

Meet Jodie: Our AI Assistant for Freelancers

30 Mar 2025

Let’s face it, if there’s one part of the freelance or contractor life that rarely sparks joy, it’s managing expenses. Hunting down receipts, fiddling with spreadsheets or racking ...

Finding the Right IR35 Accountant for Contractors

23 Mar 2025

When we first started No Worries Accounting, IR35 wasn’t really something that contractors spent a lot of time thinking about. They assumed it was just another piece of red tape—im...

Moving from Sole Trader to Limited Company

16 Mar 2025

I was speaking with a fellow Kiwi last week, and she mentioned that when she worked in the UK as a contractor a few years back, she was not aware of the ltd company set-up for cont...

Preparing a Company's Annual Accounts

10 Mar 2025

Sorting out your annual accounts is probably not the most exciting task on your to-do list, but it’s essential if you’re a freelancer or contractor running your own limited company...

Kiwi Expats & NZ Investments: Two Tax Systems

02 Mar 2025

IntroductionWhen Helen and I left New Zealand to commence our OE, we cleaned out every dollar from our Kiwi bank accounts and took it all with us on our big overseas adventure. It ...

UK & Australian Tax Systems Collide: £30k Shock

23 Feb 2025

Back in my early days of running No Worries Accounting, I used to think that tax was a fairly straightforward concept, you earn money, you pay tax, end of story. But the reality? I...

Best Cloud Accounting for UK Freelancers

16 Feb 2025

Cloud accounting software is no longer a luxury, it’s a must-have for UK freelancers who want real-time financial data, secure reporting, and effortless tax compliance. When we fir...

Director Loan: Write-Off vs Repayment

09 Feb 2025

A while back, I spoke with a company director who had an overdrawn director’s loan account. He had borrowed money from his company for personal expenses, assuming he’d repay it eve...

Navigating IR35: Essential Tips for Freelancers

02 Feb 2025

There is constant small supply of news that comes out every year regarding IR35. Although there have been no significant updates recently, its still good to have an awareness of IR...

UK Tax Residency Guide for Kiwis & Aussies

27 Jan 2025

When I first arrived in the UK, I didn’t give much thought to UK or New Zealand tax residency. I simply assumed that I would stop being a New Zealand tax resident when I left the c...

Goodbye £2,000 Exemption: 2025 Tax for Expats

19 Jan 2025

IntroductionBack in 1999, when Helen and I left New Zealand to travel overseas, we cleared out all of our NZ savings accounts and took every available penny with us on our travels....

Why Your ISA Could Beat Gold (Contractors)

12 Jan 2025

IntroductionInvesting in gold has been making headlines recently, with some media reports claiming it’s a tax-efficient haven, particularly in uncertain times. For many, the idea o...

Pension Auto-Enrolment for Freelancers

15 Dec 2024

1. IntroductionAs a freelancer or contractor running a limited company in the UK, you’ve probably come across some confusing information regarding your pension auto-enrolment oblig...

IR35 Checklist for Contractors & Employers

08 Dec 2024

In today’s blog , we revisit IR35 to see where things stand and what contractors and employers (or “clients” if they end up engaging the contractor) need to consider in the contrac...

Tax Planning: Kiwis Managing Overseas Investments

03 Dec 2024

I recently had a Teams meeting with a young Kiwi couple who moved to London in late 2023. They had questions about their tax residency status and, more importantly, how to handle t...

Why Contractors Need a Limited Company Accountant

25 Nov 2024

You know when someone starts out working for themselves, it’s easy to get bogged down in the confusing world of sole trader vs company setup, taxes, and compliance. It’s overwhelmi...

2025 Inheritance Tax Changes for UK Non-Doms

17 Nov 2024

From 6 April 2025, the UK will tax non-UK domiciled individuals based on where they live, not their domicile. Key changes, including inheritance changes for UK non doms in 2025, in...

UK Non-Dom Tax Changes for Kiwis & Aussies

10 Nov 2024

One of the headline announcements made in the Autumn Budget on 30th October 2024 related to the taxation of non-doms living in the UK. The domicile of individuals residing in the U...

Employment Allowance 2025-26 Eligibility

04 Nov 2024

With the announcement of the 2024 Autumn Budget last week by Chancellor Rachel Reeves, there has been significant interest in the changes coming to employers’ National Insurance co...

UK Budget 2024: Impacts on Contractors

31 Oct 2024

In her October 30th budget statement, Chancellor Rachel Reeves delivered a big budget package, steering Britain into one of the most substantial tax increases in at least the last ...

Kiwis in the UK: Tax-Free Dividend Strategies

29 Oct 2024

IntroductionLast week, I had a Teams call with a Kiwi looking to move to the UK.He had questions about getting set up in the UK as a contractor, understanding how a limited company...

EV Contract Purchase vs Business Contract Hire

23 Oct 2024

A couple of weeks ago, I was contacted by a client who wanted to understand the tax and accounting differences between Contract Purchase and Business Contract Hire for acquiring a ...

IR35 Small Company Exemption: Overseas Clients

14 Oct 2024

Over the past few weeks, we have received several enquiries from UK-based contractors intending to take up contract work with overseas clients. A common question is how this is imp...

UK-Based Australian Contractors: A Guide

07 Oct 2024

Last week, we had an enquiry from an Australian who had recently moved to the UK and had the opportunity to continue working for an Australian-based company. They contacted us to h...