The UK government is planning to increase the amount of money that workers can save in their pension funds without having to pay extra taxes. Currently, this amount is £1.07 million over a person's lifetime, but it is expected to…
This is essential information for any VAT periods starting on or after 1 January 2023. Being aware of these changes can save money and avoid problems when it comes to submitting a VAT return. HM Revenues and Customs are replacing…
Moving from employment to contracting can feel like a huge step. Once you have decided it’s the right thing for you then starting out in the strongest way will set you on your way for a successful career. Here are…
Contractors often leave secured employments in search for more control, flexibility, variety in jobs and of course to reap high financial rewards. Whilst the financial side is of course important, so too are maintaining the other benefits of contracting. Consider…
According to Micro Biz Magazine, there were over 2 million freelancers working in the UK in 2020! To help you stay on top of your finances as a freelancer, we have outlined some of our top tips to keep your…
Do you use LinkedIn as a marketing tool? If not, it’s definitely worth considering! LinkedIn can be a great place to highlight your professional portfolio, experience, and expertise. Making relevant connections is a great place to start to identify potential…
Corporation Tax is often a little complicated to get your head around, but we’re here to explain exactly what it is, and how it works. As a Contractor, you must pay Corporation Tax on profits from doing business as a…
Can you believe we are in July already? In January 2021, although 10.7million people submitted their 2019/20 returns by the 31st of January deadline, HMRC estimated that almost 1.8m people missed the deadline - nearly double the rate reported the…
Once you’ve stepped out into the world of owning and running a business, whether that be starting as a limited company contractor, freelancing, or becoming a sole trader, most people won’t look back! However, many people who venture out on…
Are you looking to set up a Limited company? A limited company is a company ‘limited by shares’ or ‘limited by guarantee’. Read on to learn more. Limited by Shares Limited by shared companies tend to make a profit. Ultimately…