Contracting Consulting Freelancing Made Easy

New reports have caused uproar as it has been uncovered that more than 2,000 public sector workers have set up their own limited companies to be paid rather than being paid on government payroll. A letter was discovered and leaked to the public from the chief secretary to George Osborne which revealed the news. Contractors [...]

Contractors who dodge the tax man will have had a scare recently when an IT contractor who avoided paying taxes to HMRC was recently caught out. The man had hidden almost £2 million that he had earned working as an IT contractor for clients in the banking centre in the capital city of London, and [...]

The Small Business Action Report was recently published which highlighted that many small businesses are wasting money.  How? On tax payments that they don’t need to be paying. In fact billions each year are being wasted.  Small firms can make savings by utilising allowances, tax credits and support schemes.  But many are ignoring this. The [...]

The Office of Tax Simplification have proposed new changes to freelancer and contractor accounts, ostensibly to simplify them in the wake of the struggles encountered by HMRC over the past few months. Contractors have had a difficult time of it in the past, with many criticising HMRC for targeting freelancers and small businesses with their [...]

One of the most common problems with being a contractor or owning your own limited company is making sure your clients keep you up to date with what is happening their end. Whatever your business, you are being paid to do a job and although you may receive the initial brief and start out with [...]

However, working as a limited company does give you ultimate control over your work situation and finances, and this is why working as a limited company may be better for you in 2012. Since the Agency Workers Regulations came into force at the end of last year, many businesses have become wary of hiring freelancers [...]

One of the most common problems for freelancers and small businesses is either late or non-payment of invoices from clients. When working as a limited company everything to do with the financial side of your business is left up to you and where those working under an umbrella company have the back up of a [...]

Today is the government’s official deadline for filing your self assessment tax return if you are self employed or a contractor working through your own limited company. With repeated warnings sent out to contractors throughout the year reminding them of the paper return deadline in October and then the January 31st deadline today, there should [...]

As of October 2011, Agency Workers Regulations stated that temporary workers and contractors are entitled to equal employment rights as those in permanent contracts with the company after they have worked for the company for 12 weeks. This means they must come in line with permanent employees when it comes to pay and working conditions [...]

One of the most important legal rules for contractors and freelance worker is IR35, which affects the tax conditions for every contractor. This can be difficult to understand so here is a very basic explanation to help you to know where you stand. IR35 is a rule brought in my the government to help bring [...]