IR35 Guidance for Contractors

IR35 Guidance For Contractors

The UK’s IR35 has bothered the business community and tax experts since the year it was passed. Her Majesty’s Revenue and Customs introduced IR35 in 2000 with a reform implementation in 2017 and again this year in April. The new reform aims to bring the private sector in line with the public sector. What is…

SEIS Scheme for Startup investment

The SEIS Scheme for Startup investment is a scheme that offers substantial tax benefits to investors. The Seed Enterprise Investment Scheme (SEIS) is intended to help the financial growth in the UK by promoting enterprise and small-scale businesses. Suppose you have started a business and working towards improving it by seeking feedback from early users.…

UK Contractors should use Umbrella Companies.

An organisation or company is termed an umbrella company that contractors choose to work through as an alternative in setting up their own limited company business. The umbrella company acts as their employers and is the intermediary between a contractor and their recruitment agency. It handles all their administrative tasks, such as managing their payments.…

Inflation in post-pandemic Britain

During this pandemic, the UK government has been spending an enormous amount on COVID-19 management. These spendings include support for health services, relief funds for those without income and keeping the local business alive. According to the International Monetary Fund, governments of better economies should spend more to keep their economies afloat during the pandemic…

How Management Accounting Can Help Your Business

When you talk about a business organization, management accounting is vital for its efficient functioning. Unfortunately, small business owners and entrepreneurs fail to recognize the importance due to management accounting’s understated role. It provides valuable performance and financial information to allow managers to devise a strategy and take effective decisions. Although overlooked and ignored, management…