If you are working as a freelancer, you will know that staying on top of your cashflow as well as getting your day-to-day tasks done can be a bit of a challenge at times. Keeping costs down is essential when you work for yourself, but you might find that you […]
Earlier this month Prime Minister Boris Johnson announced that the Government was passing proposals through Parliament to introduce an extra tax to increase funding to social care in England, and help the NHS recover after the pandemic. The outcome of this was that the National Insurance Contributions (NICs) paid by […]
Whether you’ve been running your business for a while, or are a new business owner, one thing we all have in common is that we want to be as tax efficient as possible whilst staying on top of our tax affairs. There are a number of ways to ensure you […]
Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses and the self-employed to get their tax right the first time, avoid errors and fines, and to stay on top of their accounts. This modern, digital service will also help to reduce the amount […]
Back in 2019, the government announced the introduction of new legislation for all off-payroll workers (contractors) known as IR35. This new legislation was due to come into effect in April 2020, however due to the impacts of the Covid-19 pandemic, the changes were postponed to 2021 and are now in […]
In the Budget at the beginning of March, Chancellor Rishi Sunak announced various changes for businesses including a change to Corporation Tax. Here is what you need to know about the changes to UK Corporation Tax as a small business owner… What is Corporation Tax? Corporation Tax is a tax paid by […]
