Members Voluntary Liquidation: A financially beneficial tax planning option when closing down a Limited Company
When it comes to closing down your limited company you may be concerned about how to close it down in the most tax-efficient way. A Members Voluntary Liquidation (MVL) is a tax-efficient way of closing down a limited company.
The importance of protecting your business against cyber crime
Businesses of all types, sizes and in all locations are at real risk of a cyber attack at any time. This could be due to security protection and strategies not evolving fast enough to defend against increasingly sophisticated cyber-attacks.
The best cities in the UK for contractors and freelancers to live and work
Are you considering a career change, looking to relocate for work opportunities or are simply after a change of scenery? We have created a list of the best UK cities to make your home as a contractor or freelancer.
Can I get a mortgage if I’m self-employed?
The amount you can borrow and the way it’s calculated depends on the lender, your legal status (sole trader, limited company director or partnership) and your previous years’ accounts. Keep reading to find out everything you need to know about getting a mortgage as a self-employed worker.
Have you received an automated letter from HMRC? Here’s what to do
Automated letters can cause stress for contractors when the information given in the letter is incorrect or alluding to a tax payment that is not due. Here we detail what these automated letters can say and how to handle receiving one.
Why is it important to keep good business records?
Keeping accurate business records means you (or your accountant) have the correct information in regards to income, business expenses and more. Keeping good business records will mean you are able to file your tax returns correctly and pay the right amount of tax.
World Day for Safety and Health at work 2019
This Sunday (28th April) is the World Day for Safety and Health at work. The campaign aims to raise awareness of work-related diseases, stress and injuries which could be avoided through the implementation of proper working conditions.
The importance of life insurance and critical illness insurance for limited company directors
Working for yourself and setting up your own limited company offers many benefits. However, it unfortunately means you lose some of the benefits that are offered to permanent employees, such as sick pay. Whilst it is not a subject anyone wants to think about, it is worthwhile having the relevant insurances in place in the unlikely event that something may happen.
Are you ready for the 2019/20 tax year?
The new tax year for 2019/20 begins on Saturday, 6th April 2019. There are some key changes you need to be aware of that could affect you as a limited company contractor – including a couple of changes that come into effect on the 1st of April.
Spring Statement 2019 – what happened and what didn’t happen
In a bid to tackle fraud in the construction industry, HMRC will be introducing a domestic reverse charge which will take effect from October 2019. It will mean that the customer will now be liable to account for the VAT in purchases rather than the supplier.