Category: News

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IR35 Update & How Changes Under the New Finance Bill Could Affect You

  If you are self-employed as a Contractor or Freelancer, or indeed you work with the same as a recruiter/agency, then you need to be aware of the changes as they potentially affect your working practices directly. The summary below sets out how the changes may affect the private sector with regard to off-payroll working reforms.

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Brexit: Where Are We Now?

  With the start of the new year, the UK has also entered a new phase when it comes to business and trade. The UK is now completely out of the EU and considered a third country, which means businesses must make changes to ensure the flow of people, goods, data, and more, between them and

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Self employment tax form

‘Quick wins’ can help self-employed Britons with their taxes this year

  SEISS, otherwise known as the Self Employment Income Support Scheme, has provided financial help to self-employed people impacted by the COVID-19 crisis. But, undoubtedly, 2021 will be a highly pressured year for these individuals, with a number of responsibilities to meet. Alongside trying to keep a business running amid a lockdown and applying for SEISS

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Last-Minute Tax Return? Worried About Late Penalties?

  With the end of January approaching, the self-assessment tax return deadline is looming for the self-employed. Many people have to fill out and submit a tax return; for example, if they’re a sole trader, if they have other untaxed income (from investments, savings and dividends), or if they’re a buy-to-let-landlord. January can be a stressful

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Why You Should Consider IT Contracting Today

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

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IT contracting gig

New Year’s Resolutions for Contractors and Freelancers

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

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A Guide To Becoming A Locum Doctor

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

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Firms Will Be Looking to Hire Contractors in 2021

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 with Brexit concerns, there

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Our Top Tips to Increase Client Loyalty

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 process,

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Furlough Scheme Extended A Further Month Until April 2021

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 confirmed

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Word Tax 2021 on calculator. Glasses pen and the calculator on documents.

What Do You Need to Consider for 2021 if You’re Self-Employed?

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

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Do I Need an Accountant as a Contractor?

  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 when self-employed can be

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