For the directors of limited companies, the yearly Self-Assessment Tax Return can be a minefield, fraught with confusing terms and routinely put off to the last minute. HMRC are becoming increasingly vigilant of mistakes, and if they have reason to believe there are any intentional errors, it can be costly. To help you avoid the common pitfalls, take a look at these five mistakes that are frequently made whilst completing tax returns.
A decent nest egg is a valuable asset to ensuring your success as a contractor. To manage any occasional business lulls, keep yourself cushioned against unexpected difficulties and benefit if you later stop contracting, retire or chose to pursue a new business venture – you need to ensure you have viable savings. Take a look at our beginner’s guide to kick-start your savings now.
Around this time of year, many contractors and freelancers will see a slow down in their incoming work. With all that new free time it’s easy for self-doubt to creep in. However, a summer lull is a perfect time to work on refocusing your company. Here’s how you can continue to thrive during your summer downtime.
Our Operations Coordinator, Laura, evaluates how we’re using Net Promotor Scores to review our performance, reach out to our clients and drive our development roadmap.
For the most part, being a contractor or freelancer affords greater flexibility in your work patterns. Yet a vast majority of contractors are guilty of not taking a break or even worse of feeling guilty when they do. Our Senior Accountant Chris takes a look at how formulating a strategy for your holidays can ensure your business continues to thrive while you enjoy a guilt-free vacation.
Enjoying the fantastic summer weather? Ready for a break and a celebration? Many Limited Company owners are unaware that HMRC allows you to reward your employees (and their partners) with annual events; such as a summer party. So, why not throw some sausages on the BBQ, host a picnic, get the sound system blaring by a pool and claim the costs.
One of the major benefits of working as a contractor or freelancer, is the additional flexibility it offers. As technology continues to evolve, more and more professionals are moving away from traditional on-site commitments to working remotely – allowing you to connect you with clients all over the world, or even to move your base abroad.
Dreaming of a summer break in Russia watching the World Cup Final? A cycling trip around Tuscany? Or just fantasising about having more time to do the things you love with the people that matter? Maybe it’s time to shape your career around you and your life, rather than the corporate ladder.
British Banks need to wake up and start lending to the tech and service industries, or we’ll go the same way as manufacturing post Brexit.
Laura, our Operations Coordinator, takes a look at how we’ve been streamlining our data to help us fuel innovation, solve problems and focus on what is important to both our clients and our business.