Three Realities about Contractors in 2016

Even giving the matter a cursory glance, the statistics and facts about contractors, freelancers and independent workers in the UK prove to be eye-opening. Although myths about going out on your own still abound, the encouraging realities about contractors in 2016 serve as a reminder that an entire economy owes these undervalued contributors a day of recognition. … Continued

Dividend tax changes: are you prepared?

As we announced last year, the government’s overhaul of the dividend tax system is due to come into force on 6th April. The changes will see the removal of the 10% dividend tax credit and the introduction of a new tax-free allowance. This means you won’t be charged tax on the first £5,000 of dividends, … Continued

So you missed the self-assessment deadline – now what?

As you’ll no doubt be aware, last Sunday marked the deadline to complete your online self-assessment tax return. While it was a record year for submissions, with 10.39 million tax returns sent to HMRC on time, 870,000 taxpayers missed the boat and are now facing an automatic penalty. If you were one of those people, … Continued

Tax planning: year-end checklist

Guest blog post by ClearSky Financial Services Now that the fun of Christmas and New Year is over, the tax year-end on 5th April is fast approaching. So now is the perfect time to put in place strategies to make sure you’re being as efficient as possible when it comes to tax. The best way … Continued

Funding your retirement

Guest blog post by ClearSky Financial Services Pensions continue to attract the media spotlight. George Osborne recently announced an increase in the full level of state pension, taking it up to £155.65 per week from April 2016. This follows the introduction of pension reform back in April 2015, giving us more choice than ever before … Continued

What to do if your working practices change

Contracting is certainly a fluid business, making it an ideal profession for those searching for that all important work/life balance. While it’s common to move from contract to contract, each with their own specific terms and working practices, you might find that on some occasions that they change while you’re in the middle of an … Continued

Should contractors work from home?

We know we say this a lot, but contractors really do enjoy a lot of perks – one of which being the opportunity to ditch the office and work from home. While many in permanent employment would see this as the holy grail of work/life balance, it can actually cause a bit of a dilemma … Continued

Last minute self-assessment tips

So you might not have been one of the 25,000 people who thought that the ideal way to celebrate the New Year was to send in your self-assessment tax return. You also may not have thought about submitting your documentation while tucking into turkey at Christmas. If this is the case, and you’ve still not … Continued

Money matters: 7 financial objectives for contractors

As we enter a New Year, many of us will be setting out our resolutions for the next 12 months. Most things will appear yet again…get fit, earn more money etc. So what do you need to do to turn your dreams into reality? Read on for seven handy pointers. Set financial goals It might … Continued