Finances can be a tricky subject when you’re self-employed. When you work for yourself, there’s more to think about than just cashing your paycheck at the end of the month. You’re in charge of your payroll, your accounts and your tax return, so it’s vital that you’re clued up. As part of the ongoing advice and support available, we are able to offer financial advice for all aspects of your lifestyle. We believe that you should be supported throughout the entirety of your career, not just at the beginning.
There’s plenty of free information available to assist you with everything from your payment options to your taxes. So whatever you need support with when it comes to your company’s finances, we’re here to help.
Flat Rate VAT Scheme
The Flat Rate VAT scheme allows contractors to reclaim VAT on purchases HMRC has charged on, and help determine how much VAT to pay HMRC.
Guide to Making Tax Digital
Unsure what Making Tax Digital will mean for your tax returns? Take a look at our comprehensive guide to find out all you need to know.
Financial Advice for Contractors
In our guide, we share HMRC's stance on Employee Benefit Trusts (EBTs), along with some tips and advice to keep you compliant.
Getting Paid – The Options
As a contractor, there's different methods of payment. We've looked at umbrella companies, limited companies, sole traders and partnerships.
Current Tax Rates
As a contractor, tax is one of your responsibilities. We've listed the most common tax rates and allowances in the UK for 2020/21.
Pension Auto Enrolment for Contractors
In the UK, employers operate in an auto enrolment pension scheme. How does this affect contractors? Our guide explains how.