A New Contractor’s Guide to Getting Paid in 2019
Editor | 26 November 2018
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Is your New Year’s Resolution to start working for yourself? You aren’t alone.

January is one of the busiest times for new company registrations as skilled workers target the money and freedom that can come with contracting.

But setting up isn’t easy. There are a lot of things to think about and if you plan your contracting journey properly now, you can save yourself several headaches down the way.

The Construction Industry’s New VAT Headache
Editor | 13 November 2018
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The Chancellor’s most recent Budget contained new measures to combat VAT avoidance by companies in the UK.

As part of the Treasury’s strategy to combat ‘missing trader’ VAT fraud, contractors in the construction industry will have to grapple with confusing changes to the VAT system that could affect their cashflow.

Contractors Pushed Down Insolvency Payout Pecking Order
Editor | 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.

What expenses can limited company contractors claim

If you contract through a limited company, there are certain expenses that you can claim against your income to reduce your tax liability.

If your limited company makes £50,000 and you claim back £10,000 in allowable expenses, the taxable profit will be £40,000.

There are some rules governing what expenses limited company contractors can claim.

"James McInnes has been part of the payroll team for the last 3 years and has become an integral part of the team. He is now the go to person within Payroll if a query needs to be solved for some of our key clients. James is always wanting to help and always volunteers his services to get all tasks completed throughout the week. It’s a long overdue award for the hard work he has put in this year, couldn’t think of anyone who deserves this award as much as James. Congratulations." Alex Jennings - Payro
Editor | 12 November 2018

"James McInnes has been part of the payroll team for the last 3 years and has become an integral part of the team.

He is now the go to person within Payroll if a query needs to be solved for some of our key clients. James is always wanting to help and always volunteers his services to get all tasks completed throughout the week.

It’s a long overdue award for the hard work he has put in this year, couldn’t think of anyone who deserves this award as much as James. Congratulations." Alex Jennings - Payroll Manager