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 [...]
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 [...]
IR35 – glossary of terms
With the IR35 Private Sector changes being postponed to April 2021, now is the perfect time to brush up on your IR35 terminology, to ensure you’re ready to hit the ground running when the time comes. We’ve put together this [...]
Coronavirus business support measures September 2020
Rishi Sunak today announced that the government will cover up to two thirds of workers’ wages if their hours have been reduced due to the coronavirus pandemic. It is hoped that the ‘Jobs Support Scheme’ will help to reduce the [...]
How you can increase your chances of getting a mortgage as a contractor
Thankfully, gone are the days where banks, building societies and mortgage lenders would flatly turn down a contractor for a mortgage, based on the misconception that it’s risky to lend to someone who is self-employed. As contracting has become mainstream, [...]
Tax Planning for 2020-2021
So it’s a new tax year, however a lot of the rates will be very familiar to us for 2020/21. In this article, we show you how this works in practical terms and how to be as tax efficient as [...]
Coronavirus business support – FAQ
With Covid-19 (Coronavirus) having a massive impact on businesses across the UK, it's understandable that our Limited Company contractors are keen to understand the business support measures that have been announced by the Government. We've created a guide to all [...]
Can I furlough myself as a Limited Company Contractor?
Under the Government’s Coronavirus business support measures announced this week, it has been indicated that some Limited Company contractors may be covered by the ‘Job retention scheme’ and therefore can furlough themselves if unable to work due to Covid-19. There [...]
Coronavirus business support measures explained
This guide covers all of the business support measures announced by Rishi Sunak in March and is being updated as and when new initiatives are launched or changes are made to existing ones. Please bookmark this page to keep up [...]
Umbrella FCSA accreditation
We’re delighted to announce that our sister company SG Umbrella have been added to the accredited members list of The Freelancer and Contractor Services Association (FCSA). This is great news as the use of SG Umbrella is included in our [...]
IR35 in the private sector: draft legislation
IR35 in the private sector – where do we currently stand with the changes? We’re starting to get asked more “what is going to happen from April 2020?”… Now that the draft legislation has been issued, we can start to [...]
Tax Planning for 2019-2020
So, it’s a new tax year and new increased rates for 2019/20. In this article, we show you how this works in practical terms.