Article archive — page 3 of 7

Bankrolling Your Brother's Startup: 33.75% Tax Trap

19 May 2025

Introduction: Powering Up a DreamIn our blog this week I wanted to take a look at how contractors can make use of excess funds held in their business bank account. In particular I ...

Your Apple Arsenal: What Can Your Company Buy?

12 May 2025

You may have seen the pictures on Insta, the savvy UK digital nomad, conquering the freelance world one Wi-Fi hotspot at a time. Perhaps they are tapping out code on a sleek new Ma...

UK Tax Bands and Rates 2025/26: The Rates for Your Tax Return

05 May 2025

This page covers the 2025/26 tax year, which ran from 6 April 2025 to 5 April 2026. It's the year covered by the Self Assessment return due on 31 January 2027, so if you're filling...

MTD for Freelancers: 2026 Changes

05 May 2025

IntroductionIf you’re a freelancer or sole trader in the UK, there’s a massive change on the horizon—and no, it’s not a 90% decrease in the wait time to get HMRC to pick up their p...

Calculate Your Take-Home Pay (UK Contractors)

29 Apr 2025

IntroductionTypically a new client will call us to say they have just landed their first UK contract role after leaving a full-time job. “I’ve negotiated £35, but what’s my actual ...

Easter Egg Expenses for Contractors

19 Apr 2025

IntroductionLet’s be honest, there’s something outrageously satisfying about unwrapping a giant chocolate egg, especially when someone else is footing the bill. And if you’re a lim...

Self-Employed NI 2025/26: What You Need to Know

14 Apr 2025

A lot of our newly self-employed clients feel a sense of excitement mixed with just a hint of anxiety, especially when it came to taxes and National Insurance. If you’re newly self...

Kiwis & Aussies: 2025 UK Tax Overhaul

06 Apr 2025

1. IntroductionThe start of a new UK tax year is always a bit of a mixed bag. On the one hand, it’s a fresh chance to tidy up your finances and get organised. On the other, it usua...

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...