Following a late night session earlier this month, HMRC announced new and fairly concerning directives on taxation for freelancers classed as ‘PSC’. Determined not to get caught out, we asked Kenny Fitzgerald of My Accountant Friend to see if he could shed a little light on the subject. What in the blazes is a PSC? […]
In the early days of this blog, we spent an afternoon with members of the Talented Ladies Club, reporting on how they were helping working mums to find their feet in the freelance world. As we filmed the video below, the founders Hannah Martin and Kary Fisher shared experiences in what they refer to as […]
Tax changes that are being applied to people making their money in property are due to be phased in this spring, and the concerns these are raising have a lot of people discussing the formation of an SPV. Not entirely sure what an SPV is, exactly, we paid a visit to our old buddy at My […]
“In my day,” began my grandmother for the umpteenth time over the Christmas dinner table, “we didn’t wander around with our noses stuck to our phones. We went out and we noticed the world.” Ah, yes indeed – the age-old ‘things have changed’ conversation. Ironically, it’s perhaps one of the few things to have remained the […]
“The dog ate my homework” – a time-honoured excuse that only an errant schoolchild would attempt… or so we thought. It turns out there are fully-grown, supposedly responsible adults out there who attempt similar excuses each time January 31st – the deadline for your self-assessment forms – rolls around. Each year, HMRC shows that tax-folk have […]
It’s beginning to look a lot like Christmas – a time of goodwill to all peeps, of geese getting fat, and freelancers wondering whether there’s any way of making a little extra while their clients are all in hibernation. Rejoice, good folk, for the taxman isn’t as miserly as you might think – in fact, HMRC […]
The Autumn Statement, due towards the end of November, takes us one step closer to a new tax year, and another step closer to the new IR35 legislation coming into effect. In order to better understand what this means, we’ve put together this brief 5-minute read on how being inside or outside IR35 could effect you. […]
Ask any accountant and they’ll tell you the same thing: the most commonly asked question they get asked is whether it’s better to set yourself up as a sole trader or a limited company. As you might imagine, there’s no easy answer. In fact, we’ve covered this subject a number of times before on our blog, […]
It’s messy and it looks complicated, but having a working knowledge of dividend tax is pretty important if you’re planning on running your own limited company. This week on the blog, we’ve laid out the basics while also taking a look at some of the changes that have been made to the dividend tax rules in […]