Our Blog Posts

See our latest articles on the current accounting and taxation issues affecting our clients. 

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...

Exploring the Advantages and Disadvantages of Sole Traders

Exploring the Advantages and Disadvantages of Sole Traders

Today we look at sole traders. Because a lot of our contractor clients get their work through recruitment firms the use of the sole trader structure is not all that common. We'll explain the main reason for this further on in the article but what we have found over...

Understanding Employment Allowance Eligibility in 2023

Understanding Employment Allowance Eligibility in 2023

As the year 2023 rolls on with businesses incurring higher costs, it is more important than ever to stay well-informed about the latest changes and updates regarding tax reliefs and cost saving ideas. The Employment Allowance is one area where businesses can save...

Create a UK Invoice Template – Free & Customizable in 2023

Create a UK Invoice Template – Free & Customizable in 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 time to time from suppliers. But these days there is not really any excuse not to...

Get the Right Contractor Insurance for Your Business

Get the Right Contractor Insurance for Your Business

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 knowing that if things go wrong then you have a safety net that can help keep you out of...

How to Run a Limited Company in the UK

How to Run a Limited Company in the UK

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 up, and what is involved on a month-to-month basis. Of course, once they've been up and...

Tax advice for Australians moving to the UK

Tax advice for Australians moving to the UK

Thanks to the Australia-United Kingdom Free Trade Agreement (A-UKFTA), which came into force on 31 May 2023, there are a number of significant changes coming through that positively impact both Australians looking to live in the UK and Brits looking to move to...

My favourite contractor accounting software

My favourite contractor accounting software

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, freelancers, and small businesses and how this can make their life easier. The online...

Everything You Need to Know About Contractor Mortgages in 2023

Everything You Need to Know About Contractor Mortgages in 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 data from the Bank of England revealed a surprise increase in demand for mortgages, with...