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How Will Brexit Affect Contractors / Freelancers / Self Employed?
- March 13, 2019
- Posted by: admin
- Category: Business Growth, Contractors, Uncategorized
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1. Market Uncertainty Good for Contractors Markets hate uncertainty and so do those hiring permanent employees. There is currently a lot of market uncertainty due to Brexit. We can see that the pound has fallen since Brexit was announced. The fall has been even greater against the dollar. It will be the same in the
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Common self assessment tax return errors to avoid
- September 18, 2018
- Posted by: admin
- Category: Contractors, Expenses, Property, Uncategorized
If you’re a limited company contractor, before 31st January next year you are likely to have to sit down and get to grips with your Self Assessment Tax Return (SATR). Unsurprisingly, this annual task is rarely a popular one, and errors are easy to make if you are unprepared. In this article, we highlight some
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Payments on account due by 31 July 2018
- July 30, 2018
- Posted by: admin
- Category: Contractors, Expenses, Tax, Uncategorized
The second payment on account for the 2017-18 tax year is due to be paid to HMRC by 31 July 2018 – the first payment on account was due by 31 January 2018. Your payments on account are advance payments made towards your personal tax for each tax year. How much you have to pay
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How gift aid donations can impact your taxes
- November 9, 2017
- Posted by: admin
- Category: Contractors, Tax, Uncategorized
Donations made to UK registered charities and some amateur sports clubs attract tax relief if they are made under gift aid. As you are a higher rate taxpayer this tax relief will take two forms. Firstly, assuming you donated £2,000, the charities will be able to claim gift aid relief which will increase the donations