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Intouch Accounting - Expenses guide

Expenses

What are business expenses? A company gets tax relief for the business expenses it incurs. This means the income on which the company pays Corporation Tax is reduced by genuine business expenses and tax is calculated on the remaining profit,...

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Combining salary with dividends

Contractors working through their own Limited Companies can maximise their post-tax earnings by paying themselves a low salary and taking the balance in dividends from their company profits. Further tax efficiency can be achieved by those contractors with a spouse...

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Insurance guide by Intouch

Insurance guide

You’ve worked hard to become self-employed, either as a freelancer or Limited Company contractor, so you want to be sure everything is protected. When you buy insurance, it’s a promise that if something catastrophic happens to you or your business,...

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IR35 - Self employed, or a disguised employee?

Embracing IR35

You may have heard of ‘IR35’...usually spoken of in hushed tones and panic-stricken voices. But IR35 doesn’t need to be feared and it’s certainly not a given that you should avoid IR35 contracts. Equipped with the right knowledge and advice, it’s straightforward...

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Working From Home

Working From Home

If you’ve chosen to be a contractor or freelancer, the chances are that one of the reasons for doing so is for a better work/life balance. So it stands to reason that you may also want to use your new...

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Venturing Into Contracting

Starting up as a contractor is an exciting time but can feel daunting. Where do you start, what’s involved and how do you even know if contracting is for you? In this guide we explain what to expect, what you...

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The Autumn Budget 2017

The Autumn Budget 2017

Introduction Thankfully, there was little in this Budget that will have an immediate or dramatic effect on contractors. Whilst there are issues that could have consequences in the future it is clear that the Chancellor has taken a more measured...

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Changes to the Flat Rate VAT Scheme

As a Limited Company contractor you will no doubt be keen to understand the changes to the Flat Rate VAT Scheme coming on 1 April 2017. Maybe you've heard conflicting opinions about whether you'd be better off staying in the...

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The Spring Budget 2017 review

The Spring Budget 2017: full review Budget 2017 The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be...

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The Limited Company Contractor’s New Year Resolutions: 2017

The Limited Company Contractor’s New Year Resolutions: 2017

The Limited Company Contractor’s New Year Resolutions: 2017 It may not have been that long ago since we were all looking forward to the festive break, but 2017 is already gearing up to be a year of change and adaptation...

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