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Preparing your Tax Return for 2016

5 Tips To Fill In Your Self-Assessment Form Having your 2015 tax return ready and in on time can save you thousands of pounds in fines and penalties. As 2016 is drawing ever closer, don’t be one of those who have a last minute rush to have your tax return in before the deadline of…
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HMRC uses new powers

HMRC uses new powers on contractors and freelancers, telling people to 'pay now, argue later'. According to the Daily Telegraph, thousands of contractors and freelancers have become ensnared in a £5.5bn tax grab – aimed initially at wealthy tax dodgers – that allows HM Revenue & Customs to demand backdated taxes to be paid, in full,…
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Company Formation – How To Form A Limited Company

Company Formation - How to form a Limited company Contracting through your own Limited company is the most tax efficient way of working meaning that you can take home more of your hard earned money, any accountant or tax expert will tell you this. But isn’t it a lot of hassle managing your own Limited…
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Should I Go Limited or PAYE Umbrella

PAYE Umbrella This is where you ‘ the contractor’ essentially become an employee of the umbrella company. You submit time-sheets to the umbrella who will in turn, invoice the end client (or agency) for the work done by you. You will then be paid as a PAYE employee less the umbrella fee. You will usually…
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