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What is IR35?
by Calum Morrison
Knowledge
A selection of great tools, business guides and articles to help make your business a success
Managing your money
Everyone wants to make sure they're bringing home as much of their pay as they can - whether you need money-management tips to tax guidance, we can help.
Showing 46 - 60 of 168 articles
Limited company business expenses
by Calum Morrison and Laura Hughes
Self Assessment
by Calum Morrison and Nick Chowdrey
Self-employed National Insurance explained
What is National Insurance and do the self-employed have to pay it? This article explains it all as simply as possible.
HMRC deadline to register disguised remuneration schemes
30th September 2018 is the deadline to register any disguised remuneration schemes with HMRC. Disguised remuneration schemes claim to avoid the need to pay Income Tax and National Insurance Contributions. The use of an Employee Benefit Trust (EBT) is an example of a disguised remuneration scheme.
Small business taxes – what you need to know
A quick explanation of each of the small business taxes you’re expected to pay as a freelancer, contractor, or small business owner.
Limited company director’s responsibilities: What you need to file with HMRC & Companies House and when
What are your responsibilities as a limited company director? We explain what you need to file with Companies House and HMRC so you can keep on top of things.
Getting paid in foreign currencies – is your bank the best way?
If possible, you should always asked to be paid in your native currency, as an appropriate rate elsewhere can be a very low rate in the UK.
What is a Confirmation Statement (formerly Annual Return)?
Failure to file a Confirmation Statement is a criminal offence, which can result in directors being fined personally in criminal courts.
IR35 government consultation: Off-payroll working in the private sector – our initial response
On 18th May 2018 the government published a long-expected IR35 consultation about ‘off-payroll working’ in the private sector. We’ll be responding in detail and will publish our response before the consultation closing date of 10th August.
What are the main advantages of a limited company?
Many take the sole trader route when starting a business, but there are huge benefits associated with setting up a limited company.
What is a Trivial Benefit?
Receiving a gift from your employer is a great feeling, but in the workplace the employer needs to be aware of whether or not they need to pay tax on the present. Here are some helpful examples for small businesses.
How much should I take as a salary?
One of the differences between being paid by an employer and running your own business is having to sort out your own pay. You can do this by taking a salary from your limited company - in the same way as a regular employee. Here are the benefits of taking a high or a low salary, without the jargon.
Changing from sole trader to limited company
Think you're ready to move from a sole trader to a limited company structure? Here’s a simple explanation of when to make the transition and what you’ll need to keep in mind, without all the jargon.
How to operate CIS in a limited company
Contractors registered under the Construction Industry Scheme (CIS) are required to deduct tax from their payments to subcontractors. These deductions are paid by the contractor to HMRC as an advance towards the subcontractor’s tax liabilities.
Tax: why can you avoid, but not evade?
Everyone knows it’s legal to evade tax but completely illegal to avoid it, right? Wrong. Confused? You’re not the only one.
What is a benefit in kind?
Benefits in kind are benefits that employees or directors receive from their company which aren’t included in their salary or wages. They’re also sometimes called ‘perks’ or ‘fringe benefits’. Not all benefits in kind are treated in the same way by the tax system, so here's what you need to know.
When to issue a credit note to a client
A businesses would typically provide a customer with a credit note when the amount on an invoice is disputed or incorrect. This might be due to an admin error, or because the customer requires a full or partial refund. Here are a couple of scenarios of when you might want to issue a credit note to a client.
Tools and resources
We've collated a selection of free tools and resources for you to help make running your business a breeze. With everything from software to templates you can work out your take home pay, chase that unpaid invoice and calculate your IR35.
We can help you every step of the way
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