As a freelancer or contractor, you’re always on the lookout for ways to make your financial life a little bit easier. One of these ways is through something called ‘trivial benefits’. Now, don’t let the name fool you – there’s nothing trivial about the potential savings…
Let’s face it, the world of freelancing and contracting can feel like a maze, especially when you stumble upon tax legislation like IR35. But fear not! This article is here to simplify IR35, explain how it’s worked out, and highlight who’s in charge of figuring out your IR35 status. We’ll also chat about why it’s so important that your day-to-day work reflects what’s in your contract and delve into some celebrity IR35 cases that have been splashed across the news…
As a small company owner, you may have considered sharing your company’s shareholdings with your spouse. This practice, often referred to as dividend splitting, can offer significant tax benefits. However, it’s crucial to understand the rules and implications to ensure you’re making the most informed decision for your business…
In this blog we’re going to delve into a topic that’s crucial for your understanding of travel expenses claims – the 24-month rule. This rule is a key part of HMRC guidelines and can significantly impact your tax relief claims. So, let’s break it down in simple terms…
Ever found yourself scratching your head over the terms ‘dormant’ and ‘non-trading’ when thinking about your company’s status? They might sound like they’re the same thing, but there are some important differences you should know about. So, let’s dive in and clear up any confusion…
