Bookmark this page to get the latest updates on tax and employment legislation, comments and opinion on any matters affecting the contracting and freelancing sector.

You will also find in-depth guides, checklists, advice on what can help you to manage company accounts, including hiring temp staff, bad debts, late payment, cash flow management, and business tax.

The Group of Seven (G7) is a group consisting of the United Kingdom, United States, Canada, Germany, France, Italy and Japan. These countries have the seven largest advanced economies in the world, representing more than 62% of the global net worth.

If you run your own business, it’s inevitable that you’re going to be faced with the decision of whether you want to trade as a sole trader or limited company. Which is best for your circumstances? Here’s a quick summary of the main differences between trading as a sole trader or a limited company.

Accelerated Payment Notices were first introduced in 2014 and have since been used by HMRC in order to recover billions of pounds of taxes. The notice states that HMRC believes that the recipient has willingly partaken in a tax avoidance scheme and therefore are required to pay the amount that has been wrongfully avoided within a 90-day period.

UK Corporation Tax 2018

At One Click, we can provide you with accurate, valuable and in-depth advice on reducing your tax liabilities whilst remaining wholly compliant with HMRC legislation. The corporation tax rate for businesses operating in the UK is set at 19%, though it will be reduced to 17% in 2020. Companies in the UK are tasked with estimating their own tax liabilities and paying them by the due date. The due date is nine months and a day after the end of a company’s accounting period in most cases. Tax returns must be filed with HMRC within a year of your company’s year-end. 

 

Impact of Brexit on VAT, balance of trade and growth: what recent data suggest

Britain are due to leave the EU when Big Ben bongs at Midnight on 29th March 2019. This will be a pivotal moment for the history books, and one at least 48% of the voting population did not wish to witness. The British people would have waited nearly three years for this event, following the vote, so understandably the UK will be weary of the whole thing by then.

Brexit will impact us all in some way but the flexibility of being your own boss (as a Company Director), and the tax benefits of working through your own Limited Company; with up to date advice from our Accountants or the option to work through our Umbrella PAYE services, allows you to keep your options open and has never been easier, with our friendly, efficient and cost-saving services.