Tax code 1185L – tax changes for 2018/19

Tax Code

HMRC issues tax codes each year to reflect the personal tax-free allowance most people are entitled to. The new tax code for most people in 2018/19 is 1185L.

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2018 Spring Statement Highlights

Spring statement

Philip Hammond’s delivery of the government’s first Spring Statement proved to be a short, snappy affair today. While there were no major tax and spending changes, we did get an insight into what the government will be focusing on over the next six months and a few signals of what’s likely to come in Autumn. Thankfully, there were no surprises in store for contractors and consultants.

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Managing IR35 with inniAccounts

Managing IR35 with inniAccounts

Over the last few weeks we’ve examined April’s IR35 application changes (off-payroll working rules), the reaction from the public sector, agencies and the contracting community as a whole as well as the potential impact for limited companies, independent professionals and their contracts. To round off our ‘Getting on with IR35’ series, we take a look at how we at inniAccounts can help contractors going forwards.

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The future of public sector contracting

The future of public sector contracting

The IR35 application changes have provoked debate aplenty over the future of contractors in the public sector. Many prestigious parties have suggested these reforms would provoke a ‘mass exodus’ from the field. Six months on from April’s implementation, we take a look at the current impacts and future outlook for independent professionals.

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IR35 – All doom and gloom?

IR35 - All doom and gloom?

IR35 is easily one of the most hated pieces of legislation introduced for independent professionals. It’s long been considered a thorn in the side of contractors and consultants. With recent changes to IR35 in the public sector, many consider it a direct attack on their ability to retain profits and grow a business. But is it all doom and gloom for contractors and consultants here on out? We certainly don’t think so.

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An Introduction to IR35

IR35 guide

If you’ve been keeping up with the latest contractor and consultancy news you’ve probably noticed that the hot topic of conversation at the moment is IR35 and the recent public sector changes. But what exactly is IR35? This guide will look at IR35 in detail and try to clear up some of the complexities.

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Tax code 1150L – tax changes for 2017/18

Tax Code

HMRC issues tax codes each year to reflect the personal tax-free allowance most people are entitled to. The new tax code for most people in 2017/18 is 1150L.

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Contractors and the 2017 Budget

Contractors and the 2017 Spring Budget

Chancellor Hammond’s first (and final) Spring Budget finds us just weeks before the deadline for triggering Brexit. After a host of unexpected announcements in the Autumn Statement, the Spring Budget thankfully had few changes in store for contractors and consultants.

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Upcoming HMRC changes for the new tax year (2017/18)

tax hmrc changes 2017/18

Come 6th April, this tax year will close and a new one will begin. HMRC have announced a number of updates for the new tax year that may impact your company. Ensuring you understand the upcoming changes for 2017/18 will help you keep your company as tax efficient as possible in the coming year.

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New dividend tax changes from 6th April 2016

Some contractors are even asking if it is financially viable to work for themselves with all the changes and if the dividend tax will wipe out any financial benefits gained by working for yourself. In this article, we’ll give you the facts around the dividend tax changes as well as some examples to show you […]