small businesses Articles

Contractors Pushed Down Insolvency Payout Pecking Order
marketing | 8 November 2018
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Last week, we covered some of the biggest Budget announcements and how they would affect contractors. This included a big change to private sector IR35 rules and other smaller changes to tax and spending.

Buried a little deeper in the Chancellor’s Budget statement, we uncovered one more change that pushes HMRC further up the payment pecking order when a business goes insolvent.

Today, 3rd December 2014, the Chancellor George Osborne delivered his Autumn Statement (#AS2014).

From mid- November 2014 HMRC have simplified the processes for online filing of corporation tax returns and simple financial accounts for small businesses which they describe as micro-entities.

Businesses: Don’t get stung by GDPR
marketing | 27 April 2018
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On May 25th 2018 a new EU regulation could mean big fines for businesses of all sizes if they don’t follow new personal data and privacy rules.  

General Data Protection Regulation (GDPR) will replace the 1995 Data Protection Directive and will restrict the way that businesses collect, store and export personal data.

This includes data held on customers, potential customers, suppliers, employees and any other EU residents.

 

If you are a contractor or freelancer working through your own limited company it can be useful to know that legislation exists to ensure that you, as a small or medium sized business (SME), are paid promptly for the work you perform.