Here, we are talking about tax year 2019/20. It totally depends on whether you are operating as a limited company or working through an Umbrella company. When you start contracting via your own company you will be liable for a number of business taxe...
Entrepreneurs relief means you’ll pay tax at 10% on all gains on qualifying assets. It reduces the amount of Capital gains Tax (CGT) payable when you dispose of shares in all or part of your business or liquidate your company. If you are selling a...
If you work through your own limited company, this reduces the amount of tax your company pays. Since 2017, the corporation tax rate is 19% so the reduction is worthwhile. You can include every eligible business expenses in your annual accounts which...
In an unknown farm located at an unnamed place, a farmer was planning to fence his big land which ran into acres. The farmer knew that the task was quite cumbersome and would require additional help, so he drafted an advertisement to hire three work...
The history of humankind tells us that as the Homo sapiens began to spread and increase their numbers so also did their desire to simplify their ways of working. They realized many things, and among those moments of conscious awakenings, a sense had ...
What is an Umbrella Company? Putting it in simple words, the functional role of an umbrella company for contractors is that it acts as an employer for all the contractors under its folds and provides services of these contractors to the end clie...
Being a successful contractor requires the right attitude and flair for business. Nowadays, every business has a neck to neck competition, and the same is true of the companies that do anything on a contract basis. These contractors may be building c...
What Are The Mistakes Contractors Should Avoid? Many people are choosing to become contractors in some field or the other in today’s world of outsourcing. This is because most people don’t have the time or energy to take care of simple thing...
The Need Of A Tax Return Have you ever given a thought to a lingering question which is very much there at the back of your mind, the self-asserting question, effacing itself and yet remains hidden and ...
What is IR35? IR35 is an abbreviation used for Intermediaries Legislation since April 2000. The Intermediaries Legislation abbreviated as IR35 and HM Revenue and Customs (HMRC...
Reliasys is a fast growing umbrella company serving contractors mainly in the IT, Medical and Healthcare profession. The solution has been designed keeping in mind the needs of the modern contractor. It is the most hassle free solution for contractors starting out on their contracting journey or want a simple way to get paid.