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On Thursday 26th November 2020, HMRC published a report entitled "Use of marketed tax avoidance schemes in the UK". The report outlines what the government knows about the current state of the avoidance market, and the steps they are taking to tackle tax avoidance in the UK.

Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an economic emergency alongside a slimmed-down spending plan as part of the Spending Review 2020.

HMRC has introduced a workaround for those who need to register for self-employment and obtain a Unique Taxpayer Reference (UTR) but have not been able to get a National Insurance (NI) number.

Year-end accounts are a legal and often daunting requirement for limited company Directors to complete and file, but they don’t need to be! We've summarised the basic requirements for year-end accounting, so you know what you need to do to prepare.

Thousands of contractors are now facing substantial tax bills as a result of the controversial loan charge. Whether they engaged with tax avoidance schemes knowingly or by mistake, the government is committed to reclaiming underpaid tax.

Setting up a limited company is the most tax-efficient way to operate as a contractor – subject to your contracts falling outside of IR35. Our short guide will help you gain an understanding of the various taxes you will be liable for as a limited company director.

Chancellor Rishi Sunak has unveiled new economic measures ahead of the closure of the furlough scheme in October, to support jobs and the economy over the coming months. Our blog outlines the critical support packages introduced in the Winter Economy Plan.

The Treasury has scrapped plans for an Autumn 2020 Budget in order to focus on its response to the coronavirus pandemic.

Capital Gains Tax is a tax on the profit made when you sell or dispose of an asset that’s increased in value. Our blog explores what the tax is, when it’s due, exemptions and allowances.

There are more contractor accountants and umbrella companies than ever before. In fact, new companies seem to be entering the marketplace on a daily basis! As a result, choosing the right provider for your circumstances may be difficult, and you may be left scratching your head.
With so many to choose from, how can you be sure which one will offer you the best, most reliable service? It’s not an easy question to answer. Still, we do have some invaluable advice that should make the experience far easier for you – only choose an accountant or umbrella company that is accredited by the Freelancer & Contractor Services Association (FCSA). Keep reading, and we’ll explain why this is so important.