With the 31/01/2021 deadline less than 2 weeks away, if you haven’t already filed your self-assessment for 2019/20 then it’s essential that you complete this immediately.If you fail to file before the end of January 2021, you will receive an immediate £100 fine for late submission, and this will be subject to interest ...
There are many benefits to becoming an IT contractor, such as the possibility of earning more money and complete control over your career and schedule. If you’re considering it, whether as a sole trader or by setting up a limited company, you’re not alone – there were 6 million businesses in the UK at the start of 2020...
2020 was a year packed with surprises, twists and turns. Now that we’ve welcomed in the new year, it’s time to put it all behind us and look ahead to what 2021 will bring. For contractors and freelancers, this time of year is a great opportunity to analyse your business, the successes, the failures, and the goals you w...
You may be considering becoming a locum doctor, and there are plenty of good reasons to make the switch from full-time employee to locum. With increased rates of pay, more flexibility when it comes to working, and the ability to become your own boss, becoming a locum is an attractive proposition.Here, we take a look at...
As 2020 draws to a close, it’s safe to say that it’s been a tumultuous year for many industries across the globe. Employees, contractors and freelancers have been feeling the strain brought by the COVID-19 pandemic, but there’s a silver lining for the self-employed.With all the uncertainty the pandemic brought, along w...
All businesses want to boost customer loyalty. Clients who are happy and satisfied with your work will want to hire you again; this allows you to build a sustainable business model and a client base that keeps coming back – helping to drive you to success.Getting new clients can be a time-consuming and expensive proces...
Rishi Sunak has confirmed that the furlough scheme will be extended once again to provide “certainty for millions of jobs and businesses”. The move now sees the furlough scheme extended into April 2021, which will see the Government continue paying up to 80% of the wages of those who have been furloughed. Mr Sunak also...
2021 is just around the corner so, if you’re self-employed, there are a few things to keep in mind as 2020 comes to an end. As contractor accountants, we’re on top of the latest news and information, so we can help our clients navigate the new year and the challenges it might bring.Whether you’re a sole trader or own a...
For many contractors, self-employment means doing everything themselves, as this gives them control over every single aspect of the business. However, just because you became a contractor to be your own boss doesn’t mean you have to spend time and effort on managing your accounts.Engaging the services of an accountant ...
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