The UK Tax system is designed to ensure that your tax is always correct. It also ensures that the vast majority of employees don’t need to submit a tax return at the end of the tax year. The system works so well that most UK employees don’t have to deal with it at all; their employer calculates their tax and pays it over to HMRC, so other than occasionally checking their payslips and filing their P60 away once a year, they don’t have to do anything.
Recent news coverage paints an alarming picture for NHS patients, particularly regarding waiting times, but could your umbrella company have the solution? Well, the answer is “yes they could”, but only if your umbrella company is Orange Genie.
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Travel expenses are a routine part of life for many contractors, and the ability to claim can have a significant effect on the amount of tax you pay. Like many aspects of tax law, the rules surrounding travel expenses can appear complex and arbitrary, and it’s vitally important to claim correctly. No-one wants to pay more tax than they need to, but you also don’t want to land yourself in hot water with HMRC. In this article, our experts tackle some of the more common questions contractors ask about travel expenses.
In the course of running your Limited company you’re likely to incur a wide variety of business expenses that you can legitimately claim to reduce your tax bill. It’s important to claim correctly, though, and it often helps if you know the relevant rules before you incur the expense. In this article our experts have laid out some common pitfalls, so you can avoid them.
As competition for key skills increases, our recruiter partners often find that retention gets more challenging. The average contractor is more aware than ever of the value of their skills, and many are proving willing to abandon projects if moving on gets them a better deal.
