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.
International Women’s Day – Celebrating women and equality in contracting, freelancing and self-employment
International Women’s Day is celebrated annually on the 8th of March. To celebrate International Women’s Day, we take a look at how women are thriving as contractors and freelancers in the UK.
Contractors, want to be retired by 65? Start pension saving now
Contractors and freelancers working through a limited company can benefit greatly from taking initiative with their pensions. However, a recent report warns that freelancers are not saving enough for their retirement.
How can contractors promote themselves and their services in 2019?
After a slow start in January, the contractor market has begun to pick up again as companies finalise budgets and begin to think about filling contracts. Now is the perfect time to take a look at how you could be marketing yourself and your business more productively.
What does 2019 have in store for IT contractors?
Global trade frictions and uncertainty both in the United Kingdom and foreign markets due to Brexit has triggered a ‘wait and see’ approach to new business – slowing client spending on hiring. Despite this, technology and IT roles dominated the top pay rises in 2018 according to ContractorUK’s Salary and Recruiting Trends guide. This trend is set to continue in 2019.
Are you one of 700,000 who missed the self-assessment deadline?
Over 93% of those required to file a 2017/18 self-assessment to HMRC did so by 11:59 pm on 31st January. However over 700,000 taxpayers missed the deadline. Here are the latest statistics on self-assessments and what to do if you missed the deadline.