What are the benefits of Pension Salary Sacrifice?
Salary sacrifice is a tax-efficient way to contribute to your pension and significantly boost your retirement fund. Our latest article explains how a pension salary sacrifice works and the benefits of using salary sacrifice for contractors.
Important changes to Companies House fees you should be aware of
Companies House has announced that it will increase fees from the 1st of May 2024. The new costs affect incorporation, a change of name, re-registration of a company, confirmation statements, and other services. Our latest article outlines the changes to Companies House fees you should know.
Key tax dates and deadlines for contractors in 2024
As you get back into the swing of things in the new year, you may wonder what key tax dates and deadlines you must be aware of in 2024. We've compiled a helpful timeline of the most important accounting dates to help you stay on top of your tax obligations in 2024.
What is a week 53 payment, and how does it affect umbrella employees?
In the 2023/24 tax year, February has an extra day due to 2024 being a leap year. This additional day means there are two days in week 53 this year. Our latest article explains a week 53 payment and how it affects umbrella employees.
Beat the January rush and file your 2022/23 self-assessment tax return today
The self-assessment tax return filing deadline for the 2022 to 2023 tax year is the 31st of January 2024, but there are many benefits to filing now and beating the January rush.
Autumn Statement 2023: Key Announcements for Contractors
Jeremy Hunt delivered his Autumn Statement 2023 to the House of Commons today (Wednesday the 22nd of November). Our latest article highlights the key points in the Autumn Statement that will affect contractors and freelancers.
Rolled up Holiday Pay to be introduced for part-year and irregular-hour workers
In its response to the retained EU employment law consultation, the government announced it would introduce rolled-up holiday pay for all irregular-hours workers, including part-year and agency workers.
Be aware of fake letters from scammers posing as HMRC, Companies House and other government departments
Limited company directors (including contractors and freelancers with a personal service company) are being targeted by scammers posing as HMRC, Companies House and other government departments. Therefore, it’s extremely important that you read all correspondences carefully and do not make any payments or take action unless you are entirely satisfied the letters you have received are legitimate. Keep reading for more information, including an example of a fraudulent letter and links to helpful, official government guidance.
SafeRec – The only way to prove your umbrella company is paying you compliantly
While most umbrella companies in the UK process payroll ethically and compliantly, a few have made the headlines for the wrong reasons. Sadly, a few non-compliant umbrella companies have given the entire sector a tainted image because they have been incorrectly paying contractors and freelancers, sometimes secretly retaining more money by deducting hidden amounts straight from the workers’ pockets. With supply chain confidence lower than ever before, there is one way that contractors and freelancers can be certain they are being paid compliantly – by choosing a SafeRec Certified Umbrella Company. This article explains the many benefits of selecting a SafeRec Certified Umbrella Company and the importance of the professional body, the FCSA (The Freelancer and Contractor Services Association), in protecting temporary workers from tax avoidance schemes.
Churchill Knight launch new CIS payroll service for self-employed construction workers
To cater to the rising demand for CIS payroll specialists, Churchill Knight is delighted to announce that we have officially launched Churchill Knight CIS – a compliant and efficient payroll service to cater exclusively to self-employed professionals working in the construction sector.