Article archive — page 6 of 7
Straight-talking guides for UK contractors, freelancers, and small business owners. Tax, IR35, payroll, dividends, expenses — explained without the jargon.
Page 6 of 7 · 158 posts in total
Employment Allowance Eligibility Explained
24 Sep 2023
Looking for the Latest on Employment Allowance?For the most current information on Employment Allowance eligibility and changes coming in 2025, check out our updated guide here: Yo...
Free UK Invoice Template (Customisable)
18 Sep 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...
Get the Right Contractor Insurance
10 Sep 2023
Today we look at contractor insurance. Whether you operate as a limited company or a sole trader having insurance for your business can provide you with a degree of comfort in know...
How to Run a Limited Company in the UK
03 Sep 2023
When a limited company contractor signs up for our accounting service and are new to contracting, they often have limited knowledge about how a company works, how to get things set...
Tax Advice for Australians Moving to the UK
28 Aug 2023
Also see our other blog articles (a) UK Taxes for Australian Expats: A Case Study on Managing Australian Income, (b) A Look at the UK and Australia Double Tax Agreement and (c) Ove...
My Favourite Contractor Accounting Software
21 Aug 2023
Update: This article has been refreshed with the rebrand of our cloud accounting software to Joy Pilot.Today I wanted to take a look at online accounting software for contractors, ...
Contractor Mortgages: What You Need to Know
13 Aug 2023
With house prices not faring so well at the moment, along with the rise in interest rates, interest in getting a new mortgage would understandably be low right now. However, new da...
Check What Your Tax Code Means
07 Aug 2023
The HMRC have recently released a tool to help UK taxpayers understand what their tax code means. Inspired by this development I’ve decided that this week we will be discussing tax...
Still looking for a London Accountant?
31 Jul 2023
In this article I want to take a look at the benefits of using a London based accountant. When our business was formed back in 2005, we worked out of a spare bedroom in an apartmen...
Tax Relief on Equipment Purchases
24 Jul 2023
By far the most common asset purchase by our clients is IT related equipment, which makes sense because most of our clients are limited company contractors who supply their service...
Taxable Benefits vs Dividends: Pros & Cons
17 Jul 2023
Today I want to take a look at some real-life examples of how our contractor clients can get more tax efficient by getting their company to pay for a selection of benefits directly...
Onboarding with a Contractor Accountant
10 Jul 2023
The world of contractor accounting seems to be in constant flux at the moment, and with an ever-changing landscape it’s more important than ever to ensure a smooth and effortless o...
A Comprehensive Guide to VAT Registration
03 Jul 2023
Navigating the world of VAT registration can be challenging if you are new to contracting, especially when the stakes are high. With the potential benefits of reclaiming VAT on exp...
Paying Tax on Dividends in 2023/24
25 Jun 2023
Here we look at the tax impact of taking dividends in the 2023/24 tax year. While the dividend allowance has been reduced, the tax rates and income bands are largely unchanged, and...
Tax Advice for Kiwis Moving to the UK
18 Jun 2023
Also see our other blog articles (a) Case Study – The Kiwi Who Paid UK Tax on No Income, (b) UK Tax Surprise: Capital Gains on Your Kiwi Property ExplainedWith the recent improveme...
Income Tax & NI Contributions for 2023
12 Jun 2023
Our article today is a bit more mundane than the previous articles I have written but because we run our own contactor accounting company and our own PAYE umbrella company, we need...
Can I Borrow Money From My Limited Company?
04 Jun 2023
The short answer is yes.However, today I want to present you with detailed information regarding loaning money to yourself from your limited company, looking at all the pros and co...
What Self-Employed Expenses Can You Claim?
28 May 2023
Do you ever wonder if you’re making the most of your hard-earned money as a self-employed person working in the UK? Are you maximizing your tax deductions and minimizing your tax b...
Reduce CGT on Selling a Rental Property
21 May 2023
Table of contentsWhat is capital gains tax?How is capital gains tax calculated?Reduce your Capital Gains tax when selling your rental propertyPrincipal Private Residence ReliefTran...
Closing Down a Limited Company
14 May 2023
Last week we took you through the process of opening a new limited company in the UK with an in-depth article on company formation. Today let’s take a look at the main factors and ...
Forming a limited company
08 May 2023
A significant number of our clients work through their own limited company. Typically, the company has a single director and a single shareholder, and in both cases this person is ...
Choosing a business bank account
01 May 2023
With there being so many options now for opening a business bank account, we wanted to provide you with a list of all the business bank accounts currently used by our clients. We w...
Limited company vs umbrella calculator
23 Apr 2023
We have several accounting clients who will often take a contract that requires them to use a PAYE umbrella. Because we also run our own Umbrella service (called No Worries Red Umb...
Cycle to work scheme for contractors
16 Apr 2023
The cycle to work scheme was introduced by the UK government in 1999 and was expanded in 2019 to help it realise it’s ambition of making cycling to work part of everyday life for c...