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As a contractor, IR35 will have been on your radar for the past two years and making sure that everything you do is IR35 compliant is high on your priorities. If you are self-employed, it is important to know where you stand with IR35. In short, IR35 is the name given to the rules surrounding […]

Millions of workers in the UK will get a pay rise this week when a change to National Insurance (NI) kicks in. From today (6 July). The National Insurance threshold has increased to match the income tax personal allowance, rising from £9,880 to £12,570. The majority of workers however are unlikely to see the rise […]

Bookkeeping is one of the administrative priorities for any self-employed individual. Maintaining accurate records of your income and business expenses is essential as it helps you understand your finances and track progress against any targets or cash needs you may have. Bookkeeping also helps you to provide your accountant with the information they require to finalise and submit […]

With the aid of an accountant you can save your business valuable money and time in the long run. Such savings come from the reduced level of risk of human error and the avoidance of late filing penalties from HM Revenue and Customs due to missed tax deadlines. You do not need the hassle of […]

Apart from the excitement of creating a new product or service, startup entrepreneurs also have the opportunity to design and build a new business culture from the ground up. A viable approach to diversity, equity and Inclusivity (DEI) for a startup firm is more than simply scaling down the procedures used by larger organisations. It […]

It’s been a tough time for small businesses over the past couple of years. In fact, it’s been a tough time for most people. However, no business, big or small, was able to escape the impact of the Covid-19 pandemic. Now, regulators have warned that the energy price cap will rise further in October to […]

Becoming a contractor can seem daunting. Freelancing and contracting can be a fantastic idea, helping you deliver your skills in a way that is beneficial for your own work/life balance. Being freelance can allow you to spend more time with your family and even earn more money than if you were employed by someone else. […]

The National Insurance fund was introduced in England back during World War I as a way for employers and employees alike to contribute towards their own healthcare needs. However, it quickly expanded into providing support for people who lost jobs or were unable to access medical treatment because of it, which is why today’s taxation […]

Making Tax Digital also known as MTD is a part of the government’s ambition. Its purpose is to be one of the most digitally advanced tax authorities in the whole wide world. When Making Tax Digital (MTD) was first announced one unique caption caught my eye. This particular headline which was ‘Making tax easier: the […]

When you are running a business there is so much to think about. Keeping important accounting and tax dates in mind can become difficult to keep track of. There are a lot of dates but as a contractor or freelancer you need to be aware of these tax dates and deadlines, so that you don’t […]