What is a week 53 payment and why does it affect my tax?
Contractors who are paid weekly, bi-weekly or every four weeks and whose final payday for the 2018/19 tax year falls on the 5th of April 2019 may be affected by the week 53 payment.
Are you ready for the 2019/20 tax year?
The 2019/20 tax year began on Saturday, 6th April 2019. There are some changes you should be aware of as a contractor (some of which came into effect on 1st April) as you may be affected.
HMRC’s advice to help contractors spot tax avoidance schemes
Some contractors that are employed through agencies and umbrella companies are signing up to arrangements that claim to maximise their take-home pay and retain up to 90% of their income after tax and NI. But these are clearly tax avoidance schemes.
A Quick Guide on Switching From Limited Company to Umbrella
Why would you need to switch from running your own limited company to using an umbrella company? We discuss the possible reasons behind this and what you need to do to switch from limited company to umbrella.
3 tips on finding new contracts
There is no better time to look for a new contracting role than now. We have 3 tips that will help you find a new contracting role to suit you. Download our free guide to finding new contract roles.
Are you affected by the 2019 Loan Charge?
HMRC is on the path to take down the practice of tax avoidance and tax evasion by introducing measures preventing taxpayers from taking advantage of the system.
Supervision, Direction and Control
Since 6th April 2016, Supervision Direction and Control (SDC) has restricted the expense claims – such as travel and subsistence – that contractors working through an umbrella company are allowed to claim.
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