News & Blog

Coming to the UK for Contract Work – UK Expat Contractor’s Guide

Coming to the UK for Contract Work – UK Expat Contractor’s Guide

Many individuals move to the UK every year to work as expat contractors. Individuals hailing from non-UK or European Union (EU) countries can avail an array of benefits by working in the UK. The UK economy faces a steep skills shortage, and people from other countries can leverage this skills scarcity to find potential work […]

How will I know if I am caught by IR35 and what will it cost me?

How will I know if I am caught by IR35 and what will it cost me?

IR35 is tax law that was introduced in 1999. It is also popularly called the Intermediaries Legislation, and it came into effect in April 2000 under the Finance Act. IR35 gets its name from the then Inland Revenue, which is now the HM Revenue & Customs (HMRC). The legislation covers every individual worker who functions […]

In-House Accountant Vs Outsourcing Accounting Services – What to Opt?

In-House Accountant Vs Outsourcing Accounting Services – What to Opt?

While the debate about outsourcing or continuing with in-house resources will continue for long, the undeniable fact is that outsourcing has helped businesses achieve huge cost savings without compromising on deliverables. It is the same with outsourcing accounting services, where specialized services are available at a fraction of the costs without having to maintain an […]

How to close your UK company – Closing a Dormant or Unwanted Company?

How to close your UK company – Closing a Dormant or Unwanted Company?

At times, for one of many reasons or a combination of many reasons, it may be necessary to effectively bring all business operations to a close. UK company closing procedures need to meet certain statutory requirements, and will hinge on the financial status of your company – i.e. is your company solvent or insolvent?. In […]

How much does it cost to setup Limited Company in the UK?

How much does it cost to setup Limited Company in the UK?

Most individuals entering a business would probably be under the impression that setting up a Limited Company in the UK is expensive and complicated. Far from it, to actually get your “Certificate of Incorporation” as a Limited Company does not involve high costs. And depending on the option you choose, it can be either a […]

How to maintain a good work-life balance as a contractor?

How to maintain a good work-life balance as a contractor?

You’re a contractor determined to achieve a good work-life balance, but you’re not sure how. There are some fundamental elements to help towards achieving what many contractors are enjoying; the route to a good work-life balance for a contactor includes: An expert accountant, preferably part of a firm of accountants, offering a host of accountancy […]

Circumstances to Switch Accountants / Change Accountants

Circumstances to Switch Accountants / Change Accountants

Under what circumstances would you switch accountant? Would you look for an alternative if your needs weren’t being met? Of course meeting one person’s needs doesn’t guarantee that that any firm would meet someone else’s—you can’t please all of the people all of the time—but say you were a small business expecting the following, can […]

Five Tips for Brilliant Bookkeeping / Records Keeping

Five Tips for Brilliant Bookkeeping / Records Keeping

How do you get on with your bookkeeping? If you’re running a small business (including if you’re a landlord with rental income, or earning income from other sources on top of being paid via PAYE) hopefully you’re on top of your bookkeeping. Any business big or small must keep its books in order in order […]

Benefits and Disadvantages of Holding Property in a Limited Company

Benefits and Disadvantages of Holding Property in a Limited Company

Holding residential property in a limited company can definitely help lower the tax bill of some individuals, but the benefits mainly apply to higher rate taxpayers. Owning property in a company can also make it easier to pass on investments to children or grandchildren; however, buying property through a limited company can also work out […]

4 Steps for Company Formation and Registration as a Non-UK Resident

4 Steps for Company Formation and Registration as a Non-UK Resident

Registering a company in the UK does not compulsorily require UK- residency. If you are a Non-UK resident, then don’t worry about the incorporation of a company in the UK for better business prospects. You will get a number of companies that will provide you entire set of online services regarding company incorporation. But UK […]

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