If you decide to move to a new accountant, what happens to any accounting work that hasn’t yet been completed? More importantly, will your new accountant charge catch-up fees to bring your accounts up to date? [more]
✅ Start Contracting Today
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
Read the 10-Step Guide →Tax-efficient insurance for when you can’t work as a contractor
Income protection insurance is a financial lifeline for anyone who doesn't have access to employer-provided sick pay. … [more]
Employer PAYE Reference Number (ERN): what it means for contractors
When you first register your company with HMRC as an employer, you’ll receive confirmation of your new PAYE scheme and several reference numbers. One to look out for, and keep safe, is your Employer Reference Number (ERN). … [more]
Limited vs. Umbrella Company – how to choose (inc. IR35 rules)
As a would-be IT contractor, one of your first tasks is to decide which business structure to work under: a limited or umbrella company. … [more]
Companies House confirms profit and loss filing plans will start in 2028
The government has confirmed that small companies and micro-entities will have to file profit and loss accounts with Companies House from April 2028, bringing clarity to a reform that had appeared to be in doubt. … [more]
PAYE – complete payroll guide for limited company contractors
The PAYE (Pay As You Earn) system is how HMRC collects Income Tax and National Insurance from employees' earnings. Here's how it works for contractors, and what's involved in setting up your company payroll. … [more]
Can your limited company reclaim VAT on pre-registration costs?
Many contractors buy equipment, software or services before registering their company for VAT. Provided certain conditions are met, the VAT can often be reclaimed once registration is complete. … [more]
HMRC’s umbrella crackdown means IT recruiters can no longer afford to hope for the best
For a long time, many recruitment agencies viewed umbrella compliance as something sitting slightly outside their immediate control. This was ultimately manageable through supplier agreements, annual reviews and a degree of trust in the providers … [more]
HMRC warns umbrella workers over ‘Bills of Exchange’ tax schemes
HMRC has issued a warning to umbrella employees and recruiters over the growing emergence of so-called “Bills of Exchange” schemes, which are being marketed as a way to avoid or settle tax liabilities. … [more]
Running a limited company – what is a confirmation statement? [2026 guide]
Every UK limited company and LLP must send a confirmation statement to Companies House each year, confirming that the information held on the public register is still correct and up to date. … [more]
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