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Thinking about changing your company car? Why waiting until 2020 could be a good idea

2019-09-10T11:53:08+01:00By |

If you’re a contractor who is thinking of purchasing an environmentally friendly company car through your limited company, due to the car benefit changes, you may be better off waiting until 2020 to do it.   Tax on company cars Instead of using their personal car and reclaiming the mileage allowance relief, some contractors choose [...]

How to improve cashflow in your contracting business

2019-09-03T11:03:24+01:00By |

According to research 8 out of 10 businesses fail within their first two years of operating. The number one reason is poor cashflow. The company could be making huge sales, but if their overheads are equally large or if their customers aren’t paying their invoices on time, the company could easily find themselves in financial [...]

Freelancing from a coworking space – could it work for you?

2019-08-27T10:34:20+01:00By |

The world of work is changing, and more and more people are choosing to become self-employed freelancers and contractors. IPSE (Association of Independent Professionals and Self-Employed) states that the number of self-employed in the UK now equates to 4.8 million, with 42% (approximately 2 million) working as freelancers. In 2016, freelancers contributed a staggering £119 [...]

Are there any benefits to retaining a limited company while working ‘inside’ IR35?

2019-08-21T13:10:15+01:00By |

Contractors are used to hearing that it’s best to avoid contracts which place them inside IR35. The main reason being that there’s a fair chance you’ll be deemed to be an employee and tax and NI will be deducted at source. From April 2020, the government is proposing to change the way the IR35 status [...]

Contracting abroad: Why professional advice is a must

2019-08-20T09:58:11+01:00By |

If you’re offered the opportunity to contract abroad, it may be tempting to grab your passport and rush off to the airport. Not many people would blame you for doing this, as depending on the country you’re contracting in, you could have year-long sun, a chance to learn another language and expose yourself to new [...]