A Limited Company contractor’s guide to bounce back loans, dividends, and illegal dividends
An introduction to dividends – new to contracting If you’ve been contracting for a while we’d suggest skipping this first section, but if you’re just starting out in your contracting career or thinking about it, you may be needing some [...]
Summer socials and entertaining staff – what you can claim as a business expense
Whilst the UK’s Covid freedom day has been delayed until July 19th, there’s nothing stopping you from planning a summer social for yourself or those who you work closely with. So what can you claim as a business expense? In [...]
PAYE due on July 22nd 2021
It’s that time of the year again when you must pay your PAYE bill to HMRC. If you pay monthly be sure to pay your bill by the 22nd of the next tax month, and if you pay quarterly to [...]
Planning on giving freelancing or contracting a go? We reveal how much tax you’ll pay
Has lockdown got you considering your working options and whether a career in freelancing or contracting might be your next great move? If it’s something you’re considering, but you’ve still got a foot in permanent employment, then you’ll need to [...]
A Limited Company contractors guide to insurance
Whilst you’re busy contracting, the last thing you’ll want to worry about is your insurance and what could happen if anything didn’t go to plan. With many clients they’ll also legally require you to have the correct insurance in place [...]
What Limited Company contractors need to know about the Status Determination Statement (SDS)
As a Limited Company contractor you’ve probably been ensuring that you’ve done everything you can to understand the changes to the IR35 reform, and what you needed to be doing. But can the same be said for your end hirer [...]
Thinking of switching from Limited to Umbrella? Here’s everything you need to know
So the IR35 legislation change has finally happened, and you may now find yourself contracting inside IR35. You’ve decided to use an Umbrella company for your next contract, but what’s the process of switching over and what do you need [...]
Tax planning for 2021/22
For the 2021/2022 tax year, tax allowances and rate bands have, in the main, remained the same. In this article, we demonstrate what that means to contractors in real terms, and offer our advice for trading as tax-efficiently as possible. [...]
Your tax year-end checklist
Ensure you make the most of your tax-saving opportunities before April 6th. The end of this tax year is almost upon us, so now is the time to act and ensure you’ve done everything you can to reduce your tax [...]
Budget 2021 – what does it mean for contractors?
Although Rishi Sunak’s budget today didn’t repeal the off-payroll legislation change due in April as we might have hoped, it’s not all bad news for contractors. With the economy expected to recover to pre-Covid level by mid-2022, the Chancellor set [...]
The VAT Deferral Scheme
On February 11th, HMRC announced that they will be launching a new scheme, designed to assist with businesses’ cash flow, as part of their ongoing COVID-19 support. This scheme will allow businesses to defer their VAT liabilities generated between March [...]
Your IR35 checklist – things to consider and start doing now!
The IR35 reform is coming, and there’s only a few more months before it’ll be here. So what can you be doing now to ensure you’re 100% ready? In this blog we take a look at the IR35 checklist, to [...]
Everything you need to start your contracting career in 2021
So you’re ready to start your new career in contracting, congratulations! But if you’re new to the industry, where do you start? In this blog we guide you through the key areas you’ll need to consider, to help you get [...]
IR35 FAQs for Agencies and End Hirers
April 2021 - Navigating the changes to off payroll rules Do you engage with Limited Company contractors to complete project roles within your business, or other organisations? Are you prepared for April 2021’s IR35 legislation changes? In this guide we [...]
Aardvark Accounting’s expert IR35 guidance
IR35 2021 is just around the corner, and it’s our job as your trusted contractor accountant to ensure both you and your end-hirer / client continue to work together compliantly, and in a way that supports your professional future plans, [...]
Working inside IR35 – what are your options?
The April 2021 IR35 reform is just around the corner, and you may be wondering what might happen if you’re found inside IR35, and the impact it could have on your take home pay. Whilst your expert Aardvark accountant is [...]
Should you refuse IR35 contracts?
As we edge ever closer to the IR35 April 2021 changes, one question which many of our clients are asking their accountant is, ‘should I refuse IR35 contracts?’ In this blog we explore the different circumstances that could ultimately make [...]
IR35 April 2021 – essential FAQs
IR35 changes are coming in April 2021. Be prepared with our IR35 essential FAQs. What’s changing? The current rules which govern Private contract IR35 statues will be brought in line with those which govern those within the Public field. Therefore [...]
How to challenge a client’s IR35 determination
Whether you’re a seasoned contractor or you’re just starting out, no doubt you’ll have a varying level of understanding when it comes to IR35. In April 2021 the rules surrounding private contract’s IR35 statuses will be changing, and will be [...]
Furlough extended until March, Job Retention bonus scrapped
It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum [...]