Blog


IR35 Reform Repealed and Health & Social Care Levy Axed- Details of the 2022 ‘Growth Plan’

He may have only been in the job for 3 weeks, but on Friday 23rd September, new Chancellor Kwasi Kwarteng stood...
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ALL YOU NEED TO KNOW ABOUT… TRIVIAL BENEFITS

For the next few weeks, our blogs will be focusing on the ‘All You Need to Know About…’ various different...
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Second Self Assessment Payment on Account Due

We are now over halfway through 2022 (unbelievable I know!), and the end of this month brings with it the...
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Here Comes The Sun, Here Come The Kids!

The sun is shining (although with the British weather, by the time you’re reading this, it’s fully likely that it’s...
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PaperRocket Senior Accountant Wins Best Contractor Accountant At The Contracting Awards 2022!

We are absolutely thrilled to announce that last night, at the first ‘in person’ Contracting Awards event since 2019, our...
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Confirmation Statements- What Are They And Do I Need To Complete One?

When you have a limited company, much of your focus may be on the accounting filings that are required of...
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Choosing an Accountant- Why it’s Important to Get it Right

It’s fair to say that when you first set up your own business, your ‘to-do’ list will most likely be...
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Managed Service Company Legislation- Should I Be Worried?

If you keep up to date with the latest HMRC or contractor goings on, you may have heard recently about...
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P11ds- What They Are And Whether You Need To Complete One

Now that we are a few weeks into the 2022/23 tax year, it’s time to start getting everything tied up...
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Happy New Tax Year!

We have now bid adieu to 2021/22 and stepped foot into the 2022/23 tax year, which runs from 6th April...
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Spring 2022 Statement

With the cost of living sky rocketing at the moment, it’s fair to say that all eyes were on the...
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PaperRocket Accounting Shortlisted in Two Categories at The Contracting Awards

We are very proud to announce that, for the third year running, PaperRocket has been shortlisted as ‘Best Contractor Accountantancy...
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PaperRocket Awarded Cyber Essentials Certification – You Can Trust in Us to Keep Your Personal Data Secure and Safe

In 2022, we live in a digital age, where every day, most of us carry around more data that could...
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Saving Tax: Making the Most of Your Allowances Before the End of the Tax Year

In this week’s blog, with the end of the tax year rapidly approaching, we are going to take a look...
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Saving Tax: Understanding Your Tax Code

This week we will be looking at tax codes. Having an incorrect tax code applied to your salary can potentially...
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Saving Tax: Marriage Tax Allowance

This week, we will be looking at the Marriage Tax Allowance. It is estimated that around 2.4 million qualifying couples...
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Student Loans Repayments To Increase From 2022/23

With all the goings on that have been happening on the political landscape recently (cheese and wine anyone?!), you would...
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Self Assessment Return Deadline Extended

Benjamin Franklin once famously said that ‘in this world, nothing can be said to be certain except death and taxes’....
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2021 – The Christmas To Get Your Jolly On (And Save Some Tax In The Process)

After the rather mellow affair of Christmas 2020, with lockdowns, social distancing and masks aplenty, here’s hoping that Christmas 2021...
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Director’s Loan – All You Need To Know

Whether you’ve been running your company for years, or just set up, you may well have heard of the ‘Director’s...
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Autumn Budget and Spending Review

Whilst usually we are only ‘treated’ to one Budget a year by the government, it’s safe to say that the...
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Have You Ensured That Your Business Is Insured?

Whether you have just set up a limited company, or you’ve been a company director for a while now, you...
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Understanding Your Accounts – PaperRocket’s Top Tips

For most limited company directors, hiring an accountant to help them with the accounting side of their business is a...
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PaperRocket Accounting Shortlisted For ‘Service Excellence’!

Yes, there may be an apparent fuel shortage at the moment in the UK, but at PaperRocket, we’re cooking on...
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Self Assessment Returns – Why You Should Get Yours Submitted Today

Autumn is officially upon us, and as we say goodbye to the Summer (not that the weather made it feel...
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Health and Social Care Levy – What It Means For You

Yesterday in the House of Commons, Prime Minister Boris Johnson stood up and outlined his plans for how the government...
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Continuing Working From Home – What You Can Claim

It is fair to say, that over the past 18months, more people have been working from home than ever before....
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Time To Celebrate?

The 19th July has been labelled by some as ‘Freedom Day’. As we largely say (a cautious) goodbye to social...
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Self Assessment – Second Payment On Account Deadline Approaches

Can you believe it’s July already, how on earth has that happened?! And as we enter July, we also creep...
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Working Mums – Summer Holiday Childcare

At PaperRocket, we pride ourselves on offering a jargon free, no nonsense service to our clients. PaperRocket was founded by,...
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Covid-19 Support Update

As we reach the month in which, under the Prime Minister’s original ‘roadmap’, we are meant to be returning to...
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P11d Deadline Approaches – What Do YOU Need To Do?

Thank goodness, the 20/21 tax year, and all of the turmoil that came with it, is over, and I’m sure...
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Sole Traders – The Accountancy Need To Knows

As a sole trader, your main priority is, of course, going to be the day to day running of your...
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What To Look For In An Accountant

Whether you have just set up your business, or having been running it for years, making sure that you have...
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Working Mums – Helping Keep the Economy Going

At PaperRocket, we pride ourselves on offering a jargon free, no nonsense service to our clients. PaperRocket was founded by,...
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Covid Isn’t Stopping The Scammers- Make Sure YouDon’t Get Caught Out

Whilst you would hope that a global pandemic would bring out the humanity in people, unfortunately, scammers are actually using...
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Time To Say Goodbye To 2020/21 – Personal Tax Return Tips

With just over a week left in the current 2020/21 tax year, you may well already be thinking about getting...
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Time To Say Goodbye – To The 2020/21 Tax Year

With only a few weeks of the 2020/21 tax year remaining, I think it’s fair to say that most of...
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Budget 2021

It’s safe to say that all eyes were on Rishi Sunak as he stepped up to the despatch box to...
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Self Assessment Deadline Looms

Well, haven’t the first two weeks of 2021 seemed like a lifetime?! Unfortunately, the start of the new year hasn’t...
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A Very ‘2020’ Kind of Christmas

This time last year, it’s fair to say that for most of us, the words ‘coronavirus’, ‘furlough’, ‘social distancing’ and...
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Furlough Extended… Again!

Now, you may well be feeling a sense of déjà vu reading that headline (this blog’s writer certainly is!) as...
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PaperRocket Win Best Contractor Accountancy At TheContracting Awards!

We are absolutely thrilled to announce that last night, at the second Contracting Awards, PaperRocket Accounting was awarded the accolade...
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Furlough Extended As Lockdown Part 2 Approaches

Up until Saturday, despite increasing pressures especially from the North, the government were adamant that furlough would not be extended,...
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Everything You Need To Know About: Confirmation Statements

If you are relatively new to running a company and have received a reminder about filing a confirmation statement, you...
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Keeping Accounting Records- PaperRocket’s Top Tips

When you have your own business, of course, your main priority is going to be its day to day running,...
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Self Assessment Filing- The Time Is Now

Well, 2020 hasn’t exactly been the year we all expected has it? I’m not sure the words coronavirus, furloughing or...
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Chancellor’s Economic Statement

On Tuesday evening, it was announced that the coronavirus restrictions were to be tightened, with 10pmpub and restaurant curfews, and...
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PaperRocket Accounting Shortlisted in Best Accountant Award for the Second Year Running

We are very proud to announce that, for the second year running, PaperRocket has been shortlisted as ‘Best Contractor Accountant...
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Going Electric- The Future of Company Cars?

When you run your own limited company, generally speaking, you are better off purchasing a car personally rather than through...
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Student Loan Repayments For Company Directors and the Self Employed

If you have a student loan, and have recently become a company director or self employed, then you maybe wondering...
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Common Expenses When Running Your Own Business

When running your own business, whether as a limited company or a sole trader, you may be uncertain as to...
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Working From Home Expenditure

As a result of the CV-19 pandemic, a lot more of us will have found ourselves working from home. For...
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Temporary Reduced VAT Rate- What You Need To Know

As part of Chancellor Rishi Sunak’s Summer Economic Statement at the beginning of July, it was announced that from 15th...
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Self Assessment 2nd Payment On Account Due- Or Is It?

With everything that’s been going on in the world recently, you’d be forgiven for having things other than self assessment...
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Summer Economic Statement aka “The Mini Budget”-The Details

With our country (and indeed the world) potentially facing the biggest economic recession since records began, it was announced last...
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A Socially Distanced Summer on the Horizon

It was announced yesterday that from 4th July, England’s new ‘normal’ will begin, with pubs, hairdressers, restaurants, cinemas etc being...
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Furlough Scheme Phasing Out – The Details

Since the furlough scheme was announced on 20th March 2020, more than a quarter of the UK’s workforce (some 8.9...
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Choosing an Accountant- What To Look For

When you first set up your company, it is safe to say that the reason you did so probably wasn’t...
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Further IR35 Reform Delay Looking Unlikely

Back in March, when it became clear that the Covid-19 pandemic was going to dramatically alter the employment landscape, the...
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Why Can’t I Withdraw All My Company Bank Balance As A Dividend?

t is a question that as accountants, we are asked a lot- ‘if my company bank account has £X, why...
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P11ds- What are they, and do I need to do one?

Even though we may have bid adieu to the 19/20 tax year, there are still a number of important filings...
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Happy New Tax Year!

It’s fair to say that with everything going on at the moment, the start of the new tax year could...
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House of Lords IR35 review

With the ongoing coronavirus crisis, what was the hot topic of 2019, IR35 reform, has now taken somewhat of a...
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Covid-19/Coronavirus support for contractors and the self employed

Raise your hand if you’re now longing for the ‘simple’ days of Brexit! As we find ourselves in these extraordinary,...
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IR35 off-payroll reforms delayed

Yesterday evening in the House of Commons, Steve Barclay, Chief Secretary to the Treasury, announced that there is to be...
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Budget 2020

Thanks to Brexit and the surprise Christmas present of a General Election last year, we have been kept waiting for...
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Are you ready to say goodbye to the 19/20 tax year?

March is here, and we can only hope that with it brings a departure to the many storms that we...
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Working Inside IR35- How It Works

With the new IR35 reform being rolled out from 6th April 2020, some contractors are being told that working outside...
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How limited is the liability of a limited company?

If you are new to the world of being your own boss, you may be undecided about whether to work...
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Upcoming IR35 changes- what can YOU do?

With the upcoming IR35 reform in the private sector, and the way in which some of the major businesses have...
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Trivial Benefits vs. Benefits In Kind

With P11d season now upon us, declaring benefits in kind (and paying the relevant NI liability) may well be at...
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Limited company or sole trader? Which is right for me?

So, you’ve made the decision to move away from the employed life and become self employed. When it comes to...
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Important Tax Deadlines To Be Aware of

If you have never run your own company before, then the variety of different taxes and their corresponding deadlines may...
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Umbrella or Limited company, which is right for me?

As a first time contractor, you will need to make many decisions, but the first important one will be how...
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