Orange Genie News

It might seem like an odd question to ask your accountant, but it’s becoming more and more common for contractors to enquire about the financial and tax consequences of building a home office in their garden.

Contractors who work from home often find it helpful to dedicate space to their work, as this can make it easier to avoid distractions, and to switch off and wind down once the working day is done. 

Payment on account

Payments on account are advance payments towards your tax bill. The system is intended to split your tax bill over two payments, which for some may be easier than making a single large payment once a year. It also helps to ensure that tax payers are not indebted to HMRC, and it gives the public finances a mid-year boost.

Supply Teacher Wages in the UK

What do supply teachers earn in the UK?

There could be a number of reasons why you’re asking this question. Maybe you’re an overseas-trained teacher, looking to fund a visit by working as a supply teacher, or you could be retired and hoping to supplement your pension with a few days of supply. Maybe you’re an NQT looking for experience while you search for your first permanent post. Whatever your reasons for asking, the most accurate answer is also the most frustrating one; “it depends”.

IR35 reform

Julia Kermode, CEO of FCSA, the trade association for umbrella companies and contractor accountants, has warned of damaging effects if reform of IR35 is extended to the private sector.

Work-related training for contractors.

One of the things that attracts many people to contracting is the autonomy. As a contractor you have clients rather than employers, which makes for a different dynamic. You decide when and how you work, to a greater degree than permanent employees do at least.