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.
Chancellor Philip Hammond delivered his Budget on 29th October 2018. Here are the main takeaways for freelancers, contractors, and small business owners.
Want to know what interest you can charge on late payments when working as a freelancer, contractor, or small business owner? This article explains what the rules are, and a few ways to get your money from difficult clients. Get paid what you’re owed!
A handy side-effect of the entrepreneurial zeal sweeping the country is that there are now many schemes in place specifically to help small businesses.
A Self Assessment tax return is one of the most significant tax documents you’ll be dealing with when you’re self-employed. Here's what you need to know.
If you pay for something for your business with your own money don't forget to claim it back as a business expense, we show you how.
Is your accountant better at invoicing you than looking after your accounts? Here are the top five signs you need a new accountant.
What is the best way to account for money you have raised through Crowdfunding? We look at the best ways to account for this type of investment.