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FreeAgent Update: Introducing Insights!

We’re always keeping an eye out to see how Contractors and Freelancers can take advantage of FreeAgent, helping them make running their business even easier. Here’s a quick update rounding up the latest feature added to FreeAgent during April.FreeAgent introduces ‘Insights’During April 2018, FreeAgent launched ‘Insight...

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Contractor wins controversial IR35 Appeal

In the latest of a recent stream of IR35 news events, a contractor has won their appeal of a HMRC First Tier Tribunal decision going back to 2016, relating to the tax years 2012/13 and 2013/14. Critical to the decision was the fact that the end client did not exercise control over the engagement with the taxpayer, this...

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Limited company pension schemes explained

Payments to a registered pension scheme are a tax efficient method of extracting profit from a limited company, they are also qualifying deductions for IR35 and would mitigate tax liabilities resulting from a HMRC challenge.  HMRC's guidance (BIM46035) indicates that director's pension costs at a 'commercial level' wil...

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We're treating you this Easter. Here's how...

Follow us on Instagram and you could be in with the chance to win x1 Easter Sharing Basket.In the spirit of Easter, the arrival of Crème Eggs and the coming of Spring, we want to give you the chance to win an Easter goody whilst being social with us on Instagram. We’re always posting handy tips, sharing how we celebrat...

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Myth-busting: The 24 month rule

Employees are entitled to tax relief for any costs incurred in travelling to or from a place they have to attend in the performance of their duties, provided the journey is not private travel or ordinary commuting to a permanent workplace.HMRC use the '24-month rule' to determine whether a workplace is deemed to be tem...

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Rounding up the Spring Statement 18

The Spring Statement took place last week, but there was no mention of IR35 in the private sector, despite much speculation.Shortly after the Autumn Budget 2017, it was disclosed that a consultation has been pencilled in to discuss whether the private sector roll-out should go ahead or not. The consultation documents a...

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Spring Statement 18 - What to Expect

The Chancellor of the Exchequer, Phillip Hammond, will make his Spring Statement on March 13. Unlike the old Autumn Statement, the Spring Statement will not be a major fiscal event with the government declaring that there will be no announcements of spending or tax changes. Instead, the Chancellor will simply respond t...

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The Perfect Invoice - Does it exist?

As with any contractor or freelancer delivering a professional service, the key to getting paid on time, every time, is to craft an invoice which ticks all the boxes, answers all the questions, and does what it says on the tin.The invoice – it’s the fun part for some and the dreaded task for many, either way, let’s get...

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