Our Blog Posts
See our latest articles on the current accounting and taxation issues affecting our clients.
Crypto Tax UK: How to Work Out What You Need to Pay
Questions around paying tax on crypto assets tend to rise and fall with the value of underlying crypto assets, and with the rise in Bitcoin over the past year or so, I thought now was a good time to prepare a blog article about crypto and taxes. Recently the HMRC...
Deadline for Tax Return Approaching: Stay Informed and Avoid Penalties!
With the New Year celebrations now behind us, its time to start thinking about filing your personal tax return for the 2022/23 tax year. For those of you who have already done this, well done!! For those of you to plan of putting this off...
Maximizing Tax Deductions: Can I Claim a Christmas Party as a Business Expense?
This article is dedicated to all of the limited company contractors and freelancers who have left their Christmas tax planning to the last minute. It might be because they're still trying to get those last billable hours charged before the Christmas break, or they've...
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...