by Wijay Kanagasundaram | Oct 29, 2018 | Budget, Government announcements, HMRC, IR35
Chancellor of the Exchequer H.E Philip Hammond delivered his speech today at Westminster. He opened the speech with “A budget for the strivers, the grafters and the carers” and “era of austerity is finally coming to an end”. We will look at some key...
by Wijay Kanagasundaram | Oct 4, 2018 | Accounting and bookkeeping, Business Expenses, IR35, Running a business
Up till now your company had a staff welfare benefit of £150 per employee, which can be utilized at a staff Christmas party or other company events. There might have been occasions where you thought to gift your employees or throw a small staff function or even buy a...
by Wijay Kanagasundaram | Apr 1, 2017 | Accounting and bookkeeping, HMRC, IR35, VAT
The advantage of having a flat rate VAT scheme is that it reduces the amount of admin work for contractors like you. The VAT claimed is simply calculated at a certain percentage based on industry category. (Computer and IT consultancy 14.5%, Advertising 11%, Computer...
by Wijay Kanagasundaram | Mar 14, 2017 | HMRC, IR35, Tax
You may be already aware of the changes to the implementation of IR35 legislation which take effect on 6th April 2017 for the contractors working for Public Sector clients. (This does not impact contractors working for Private sector clients) We are writing to give an...
