Blogs

6 Cost-saving tips for umbrella and limited company contractors as inflation rises

Inflation is raging at 8.8% in the past 12 months till September 2022. Rents are on the up. House prices are rising faster than we’ve seen in a decade. You feel it, your landlord feels it and even your boss has mentioned it’s affecting their oper...


Top 4 reasons contractors might consider business insurance

Being self-employed comes with a lot of perks—from being able to work on your own schedule, to have the opportunity to be your own boss, and even having the ability to start your own business. But there are also some challenges that come with being...


10 accounting terms every contractor should be familiar with

As a contractor or freelancer in the UK, it's important to learn basic accounting because it can help you manage your finances, avoid penalties, and ensure that your business is running smoothly. With a little bit of practice, you can use basic...


Mini-Budget 2022: off-payroll reforms repealed for public and private sector

The Chancellor of the Exchequer, Kwasi Kwarteng, announced in the mini-Budget 2022 — “In practice, reforms to off-payroll working have added unnecessary complexity and cost for many businesses. So, as promised by My RHF the Prime Minister, w...


Late Payment Culture: Practical tips to get paid quickly as a contractor

Contractors and Freelancers in the UK are subject to the same late payment culture that businesses are when it comes to paying invoices and chasing payments. It's estimated that 1 in 3 freelancers and contractors experience late or non-payment of inv...


A Contractor’s Guide to understanding Tax Codes in the UK

When an employee is paid via PAYE, a tax code helps the employer to understand how much tax to collect from their salary each time. As limited company contractors work for their own companies, their accountant runs a PAYE scheme for them, so...


7 LinkedIn Tips For Self-employed and Contractors in the UK

LinkedIn provides a vast pool of potential clients and employers to connect with. It’s also great for building relationships with other professionals in your field, leading to referrals and new opportunities. You can use LinkedIn to showcase ...


A guide for contractors to managing your business debts

For a limited company contractor, Debts are part and parcel of running a business. However, if you’re not careful, they can quickly spiral out of control. With Brexit, Covid, political unrest in the UK, and Russia’s ongoing invasion of Ukra...


Fooled by bogus badges: Tips for spotting fake accreditation schemes

Contractors are being urged to start double-checking the badges that umbrella companies display on their websites, after a spate of recent scandals. The advice comes from experts, who say that too many contractors are being caught out by bogus firms ...


Mortgages and Inflation: How do they affect you as a Contractor?

The Bank of England has set a target inflation rate of 2%. However, this may prove to be challenging to achieve given the current state of inflation. In February, inflation stood at 6.2%, whereas in March, it grew to 7% (highest in 30 years). In ...