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What’s Happening with IR35 in 2021?

The Government’s delayed IR35 rule changes are almost upon us. The regulations which were postponed due to Coronavirus are due to come into force in April. However, none of the controversy has [...]

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Salary Versus Dividends – Which is Best?

Should You Pay Yourself with Salary or Dividends? Wondering whether the time has come to incorporate as a limited company? First, you need to understand the difference between being paid by [...]

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IR35 Delayed: Umbrella vs Limited Companies

The Government has delayed IR35 for a year due to COVID-19 but many contractors have already switched to permanent employment or working via an umbrella company. If you have recently left [...]

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How Firms Can Adjust to IR35 Changes

Despite widespread opposition the Government is pressing ahead with IR35, but with a little preparation you needn’t ditch your contractors just yet.  IR35 is coming to the private sector in April [...]

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Simple ways for freelancers to be tax efficient

One of the great advantages of freelancing is the ability to claim back expenses. For example, let’s say you earn £30,000 but claim £5,000 in allowable expenses. You’ll only pay tax on £25,000 [...]

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Sole trader vs limited company for freelancers?

How do you know which option is best, and when is the right time to change from one to the other? Let’s take a closer look at the pros & cons of each. Big or small, every business has to have [...]

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New IR35 rules still on track for April 2020

The government has been trying to crack down on ‘disguised’ employment for almost two decades. Now revised rules for agency-employed contractors will change how self-employed status [...]

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5 Tips on filling out your tax return when you’re self-employed

OK, you may be thinking that it’s a little early in the year to be writing articles about filling out a tax return, but we’ll let you into a secret – you don’t have to wait until 31 st [...]

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5 Freelance Job Sites That Pay Well

More and more people are opting to go freelance in their careers. According to Forbes, almost 56.7 million Americans were freelancing in 2018, and in the UK we had almost 2 million freelancers. [...]

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What Freelancers Need To Know About Making Tax Digital

MTD will require freelancers, contractors and sole traders to keep digital tax records and submit VAT returns using software approved by HMRC. Are you ready for the new era of tax automation? [...]