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Can contractors continue to draw a salary when they are out of contract?
- November 8, 2016
- Posted by: admin
- Category: Contractors, Expenses, Tax
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We recently had a client who was a traded as a limited company contractor and had a six month break between contracts, but wasn’t sure whether he could continue to draw a monthly salary? Even though he was out of a contract and the company stopped earning income, he would still be a director of
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Top Maternity Pay Tips For Self-Employed Mums-To-Be
- September 5, 2015
- Posted by: admin
- Category: Tax
If you’re pregnant and working for yourself, you are entitled to support from the government. Read our simple, easy-to-follow guide Working for yourself is the dream – no bitchy colleagues, overbearing bosses or meetings about meetings. But there’s a down-side if you’re pregnant, and, yes, it’s financial. As a self-employed woman, you’re not entitled to
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Take Your Tax-Free Lump Sum
- June 15, 2015
- Posted by: admin
- Category: Business Growth, Property, Tax
By taking the lump sum option offered on most personal pension schemes you receive a tax-free lump sum and purchase an annuity with the balance. Because the annuity is taxable whereas the lump sum is not (as long as it does not exceed 25% of the pension fund), you can be considerably better off from
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Have the tax you owe collected through your PAYE code instead
- June 8, 2015
- Posted by: admin
- Category: Expenses, Tax
Although you have until 31 January after the end of the tax year to file your Tax Return, if you file it online by 30 December and the amount of tax that you owe is less than £3,000, you can have the tax you owe collected through your PAYE code, rather than having to pay