Article archive — page 7 of 7
Straight-talking guides for UK contractors, freelancers, and small business owners. Tax, IR35, payroll, dividends, expenses — explained without the jargon.
Page 7 of 7 · 158 posts in total
Being a contractor accountant in 2023
11 Apr 2023
Now that we have stepped into the new tax year there are several small adjustments for contractors who have their own business and who work through a limited company to think about...
Contractor status: Inside IR35
19 Mar 2023
In this article I want to look at limited company contractors who work inside IR35. There are lots of phrases used to describe this type of work. You may see phrases such as “caugh...
Corporation tax rates in 2023
12 Mar 2023
New corporation tax rates are taking effect from 01 April 2023 and there are several different elements to these changes. The majority of our limited company contractor clients wil...
Leasing an Electric Car Through a Limited Co
05 Mar 2023
In our previous series of articles, we looked at buying an electric car through your limited company and we also looked at a specific example of buying a Tesla through your company...
Buying an Electric Car Through a Limited Company
22 Feb 2023
Buying a car through your limited company can be complex, and in many cases it creates more tax charges than savings – especially if the vehicle is used only lightly for business o...
Changes to VAT penalties
29 Jan 2023
One thing we always encourage our clients to do is ensure their VAT is paid on time. When running your own business and with the various taxes involved, we always try to emphasise ...
Conquer the P11D Form
22 Jan 2023
In this guide we take a look at the HMRC P11D form. It’s not highly used by our clients (and we will explain why below) however as accountants we need to have an awareness of the P...
Insider review of Joy Pilot vs Xero
16 Jan 2023
This article has been updated to reflect the accounting software re-brand from Simplifi to Joy Pilot.The vast majority of our accounting clients use Joy Pilot for their online clou...
Limited company vs Sole trader
11 Dec 2022
As a specialist contractor accountant, most of our clients contract using their own limited company, however we do also have a number of clients who choose to work through a sole t...
Paying tax on dividends in 2022/23
04 Dec 2022
Dividend payments are a common way of extracting funds from your limited company. For most of our clients we recommend a mix of salary and dividends when paying themselves from the...
Corporation tax calculation
27 Nov 2022
This blog post covers all you need to know about corporation tax calculation for a limited company and is intended for UK based contractors and freelancers who work through their o...
Tax relief for Working from Home
23 Mar 2021
Have you worked from home in the last year? Even for a day or one meeting? You can claim a year’s worth of tax relief!This is done via the HMRC microservice tool. However, we do no...
Avoid Delays with Your Personal Tax Return
16 Dec 2020
The countdown to the personal tax return deadline is now well underway, so what issues should you be aware of that may delay the processing of your return, or any refund due? Our T...
What expenses you can claim?
17 Dec 2019
Claiming expenses through your limited company is a great way to pay less tax. Your Corporation Tax is calculated on your company profit, which is your sales less all those company...