What is a Sole Trader?

Blog, Self Employed

What is a sole trader? Setting yourself up as a sole trader will mean you are self-employed and will run your own business. You are responsible for any losses your business makes but you also have total control over your business and its profits once you’ve paid tax...

Construction Services Domestic Reverse Charge

Blog, Business, Contractors, Tax

Introduction From 1 October 2019, HMRC are introducing a new UK-wide approach to how VAT is reported in the construction industry. The measures specifically affect the supply of construction services between construction businesses. Our expert team explain what you...

How to manage your finances when you are freelance or a contractor

Blog, Contractors, Freelancers, Getting Started

As a Contractor or Freelancer, managing your own finances can be a challenge, especially if you haven’t done it before. As experts in Contractor Accountancy, we’ve put together our top tips to make sure you understand the basics: Get organised and go digital With the...

Do I need an Accountant?

Blog, Contractors, Getting Started, Self Employed

Being self-employed and running a business can be stressful. Keeping your books up to date and taxes in order even more so. If you’re self-employed or working as a Freelancer or Contractor,  you may be sceptical about spending money on an accountant, but it could free...

Private Sector Contractors – are you ready for IR35?

Blog, Contractors, Freelancers, IR35

What is IR35? IR35 legislation is an attempt by H.M. Revenue and Customs to tax a freelancer or contractor trading through his/her company as though they are an employee of the end client. With more workers likely to be affected by the legislation with plans to roll...