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Are you paying too much for Life Insurance?

When it comes to insuring our cars or homes, we all look for the best cover at the best price. So why is it that we don’t think twice when it comes to our Life insurance policy. If you’re a director or an owner of a limited company, you...

Disguised Remuneration Schemes – Registering for Settlement

Q. I am affected by the loan charge & recently came across the fact that any information pertaining to contract loans had to be submitted by Sept 2018. I have since contacted the HMRC and I am will be providing them with details of my c...

Outside IR35 Opportunities

Contractors continue to voice concerns about whether private sector companies will be ready for the introduction of IR35 reform next year, with the majority of these workers wondering if they will be able to operate outside the legislatio...

Loan Charge – Settlement Agreement

Q. Good day I am affected by the loan charge & recently came across the fact that any information pertaining to contract loans had to be submitted by Sept 2018. I have since contacted the HMRC and I am will be providing them with detail...

Will contracting continue to grow after IR35 reform?

After it was confirmed by the Government that IR35 reform will be introduced to the private sector in April 2020, much has been made about what the future of contracting will look like. There are people and businesses that believe indepe...

Making Tax Digital for VAT: What do HMRC’s updates mean for you?

Making Tax Digital is the government’s flagship scheme that requires online tax filing and payment, as well as digital record keeping. All business taxes will be part of the scheme, but only Making Tax Digital for VAT currently has an act...

Does the 24 Month Rule Apply?

Q. Does the 24th month rule apply to a director of a limited company who is a contractor outside IR35? First contract only for 6 months, same location from home to client 5 times a week. ? What about food? I have heard so many various theor...

Brexit uncertainty impacts demand for agency contractors

The professional staffing association, APSCo, revealed earlier this month that the demand for contractors and permanent staff engaged through recruitment agencies in the UK dropped in November last year - something the organisation puts lar...

Self-Assessment Tax Return

Q. In 2017/18 my client worked via their Limited Company and the contract was within the Public Sector so have been subject to the off payroll rules. When I complete his Self Assessment Tax Return I shall include the P60 details on the Empl...

Why is it important to review your protection?

When you work for yourself, you no longer receive the same benefits that you may have had when you were employed full time - such as sick pay and death in service. This means it’s up to you to make sure that you’re protected for whateve...

Industry experts warn Government of Brexit no-deal implications

After Theresa May’s first Brexit deal was resoundingly rejected by a huge majority in Parliament, the possibility of leaving the European Union without any agreement in place went from being unthinkable to a situation the UK could easily ...

Directors not compelled to file returns

Section 7(1) of the Taxes Management Act 1970 states that a person who is chargeable to Income Tax or Capital Gains Tax (CGT) in a tax year must notify HMRC within six months from the end of the relevant tax year and effectively register ...

Good Work Plan for gig economy workers

In the lead up to the Christmas break, the eyes of contractors and the companies engaging independent workers were focused on the Government’s Good Work Plan, and what resulted in the largest upgrade in a generation to workplace rights....

Victory for LCAG!

The Government have been forced into a humiliating climbdown by cross-party MPs over the controversial 2019 Loan Charge. Despite attempts by Conservative Whips to coerce MPs, Government Ministers knew they had failed when many backbencher...

Tax Savings in 2019

If you are like most of us, your wallet may have taken a big hit this Christmas, but a new year always provides an opportunity for a fresh start - starting with getting your finances in order. One handy tip to save money we want to let yo...

Outrage and surprise as HMRC’s CEO is knighted

The Chief Executive of HMRC, Jon Thompson, received a knighthood in the New Year’s Honours list. Mr Thompson, who has held the top role at HMRC since 2016 after spending three years as the Permanent Secretary at the Ministry of Defence, w...