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A week ago, the new chancellor Jeremy Hunt delivered the news that the IR35 repeal has now been scrapped. Alongside this, the chancellor is reversing almost all tax measures from the Mini-Budget in September that have not started parliamentary legislation. Roughly £45bn of unfunded tax cuts has in just 3 weeks and 3 days seen […]

For a lot of small business owners, bookkeeping is one of those boring chores you’ll do anything to put off until tomorrow. Of course, tomorrow never comes and the task becomes even more unappealing as the days go by. With the introduction of Making Tax Digital (the government’s scheme to move tax filing online, starting with VAT reporting), now […]

Jeremy Hunt announced his first Autumn Statement as Chancellor of the Exchequer to Parliament on 17th November, in a bid to bring economic stability to households, businesses and the financial markets. The Chancellor has pledged to meet the economic challenges facing the country, confirming several changes to fill a £55 billion gap in the UK’s public finances. […]

If you are already self-employed, you will be aware of self-assessments and your self-assessment tax bill. Many find it a stressful part of being self-employed, having to keep on top of incomings and outgoings throughout the year to ensure you submit an accurate assessment. What makes this even more difficult is if you are used […]

An accountant is a key member of any small business team. They are indispensable for keeping up-to-date financial records and providing valuable financial advice and planning at every business stage. Account-Ease is a leading provider of online accounting services for small businesses. We know that every business is unique and we are dedicated to providing […]

Payroll accounting can seem like a bit of a headache, even though taking on employees is a sure sign of business success. Once you start employing and paying other people, there’s a lot to deal with – keeping on top of all the changes in tax, employment law and regulatory issues is a complex and […]

Independent contractors, consultants, or freelancers are self-employed individuals who work for businesses, usually on a short-term basis. Hiring a contractor enables firms to access specialist skills, knowledge, and experience, without actually taking someone on full time. This is often very appealing. If you’re thinking of becoming a contractor, you’ll need to decide what kind of […]

As contractors eagerly await the Medium-Term Fiscal Plan on Monday 31st October, we take a look at the latest on IR35. With potential implications to be unveiled, the plan will fall 5 weeks after the mini-budget 2022, where, surprisingly, the repeal of IR35 reform was announced. It was announced that the IR35 off-payroll legislation would […]

Your self-assessment is one of the most important things to take into account when you become self-employed. It’s critical that the return is filled out correctly and submitted on time, as there are penalties otherwise, so you’ll want to get it right the first time around. As contractor accountants with years of experience, we can help. […]

So, you’re thinking of becoming a sole trader? Fantastic. Not only does working this way offer you greater flexibility and the opportunity to take full control of your career. It also happens to be the simplest way to start providing your services as a self-employed person. In this guide, we touch on everything you need to […]