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Government’s U-Turn on their U-Turn regarding Tax Free Pension Allowances

14th July 2017 | Written by In Accountancy | Categories : Contractors, News

If you are over 55 and have accessed any of your pension this affects you, so read on… In Philip Hammond’s 2016 Autumn statement he first introduced the idea that the £10,000 limit on new contributions to pensions for those who had already accessed any of their possible 25% tax free cash would be slashed by a massive 60% to Read the full article…


What’s ‘App’-ening?!

12th July 2017 | Written by In Accountancy | Categories : Contractors, News

New for 2017/18 – The updated and enhanced IN Accountancy TaxApp


More about claiming expenses

27th January 2017 | Written by In Accountancy | Categories : Contractors, News

Following on from an earlier guide to business expenses, it’s worth knowing some more about claiming expenses and the importance of how you record them. As Contractor Accountants in Manchester, we are often asked about business expenses we are often asked about the use of rented offices, company cars and even if contractors can pay their partner as a business. Read the full article…


Changes to the Flat Rate VAT Scheme

7th December 2016 | Written by In Accountancy | Categories : Contractors

Changes to the Flat Rate VAT scheme, used by small businesses with an annual turnover less than £150,000, will come into effect from 1 April 2017.  The main change that interested us as contractor accountants is that the new rate will be a straight 16.5% regardless of your industry or type of work. Previously several different rates applied, some as Read the full article…


Last posting dates

2nd December 2016 | Written by In Accountancy | Categories : Contractors, News

It must be time to start Christmas shopping when the last posting dates are upon us, according to your local accountants in Stockport, IN Accountancy, . The last recommended dates for posting International Standard (formerly Airmail) post are as follows: Saturday 03 December for  Africa, Middle East Wednesday 07 December for Asia, Cyprus, Eastern Europe (except Czech Republic, Poland and Read the full article…


What you need to know about tax avoidance schemes

1st December 2016 | Written by In Accountancy | Categories : Contractors, News

The Government has recently published a document with guidance about what you need to know about tax avoidance schemes. Called ‘Ten Things About Contractor Loan Schemes’, it indicates how concerned they are with so-called tax avoidance schemes. These schemes are an area of contractor finance for contractors operating via an umbrella company which have allowed them to extract income from Read the full article…


IR35 Legislation explained…

16th November 2016 | Written by In Accountancy | Categories : Contractors, News

As accountants specialising in tax, when it comes to Contractor Tax, one of the most common questions we hear is ‘what are the IR35 rules and how does a Contractor Accountant ensure they are IR35 compliant?’ Earnings and IR35 IR35 is a piece of legislation that was put in place back in the year 2000, with the aim of preventing Read the full article…


How you can have an extra 14 hours per month

11th November 2016 | Written by In Accountancy | Categories : Contractors, News

One of the complaints we hear most often from clients is that they need more time, so how would you like an extra 14 hours per month? Yes that’s right, 14 extra hours is exactly how much time one of our contractor clients saved herself every single month by handing over her bookkeeping and other accountancy responsibilities to us! Let’s face it, running a Read the full article…


Flat rate VAT for Contractors

1st September 2016 | Written by In Accountancy | Categories : Contractors, News

Flat rate VAT for contractors and VAT accounting in general can seem like quite a confusing subject to many people, but as accountants in Hazel Grove, we can help! If you are a contractor who is set up as a limited company, then you may be able to apply for the flat rate VAT scheme which can help to reduce Read the full article…


Thinking of going self-employed

25th August 2016 | Written by In Accountancy | Categories : Contractors, News

If you’re thinking of going self-employed, as a team of contractor accountants based in Stockport, we know that becoming a contractor can offer people a wide range of benefits such as higher pay, greater flexibility and more job satisfaction. However, we also realise that the thought of leaving permanent employment can be quite daunting. There are challenges associated with running Read the full article…