Great interview technique – the way to get hired

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When you are contracting your frequency of interviews will be much higher than those of permanent staff due to the number of different places you are likely to work. You need to continually sell yourself in interviews and get the roles that you want. Here are some tips. What is the client looking for? The interviewer will be looking at… Read more »

Pension auto-enrolment – how are contractors affected?

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What is pension auto-enrolment? Several Governments have warned that the population is not saving enough for retirement, creating growing pressure on the Treasury to provide for the needs of an ageing population. The Pensions Act 2008 was introduced to force employers to offer workplace pension schemes, and to enrol all eligible workers into such schemes (automatic enrolment or AR). The… Read more »

Is it a trade or a hobby?

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Many people have hobbies that generate money, such as buying and selling items at car boot sales or on eBay. It may seem puzzling that some individuals seek to claim that an activity is a taxable trade, rather than a non-taxable hobby. However, this appears to be becoming increasingly common. In particular, an individual may contend that loss-making activities amount… Read more »

5 Benefits of hiring an Accountant for your small business

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From bookkeeping to business advice, here is 5 benefits of why you should consider bringing an accountant into your small business  and how they can impact your small business. 1. Accountants save you time Time is not just money, it is something that is required for your small business to develop. Without time, you are unable to move forward, expand… Read more »

Beware scammers and fraudsters claiming to be HMRC

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Always be careful when approached by people claiming to be HMRC, either via websites, emails, letters, text messages or phone calls. To help you decide if a contact from HMRC is genuine, guidance is available that gives examples of the different methods fraudsters use to get you to disclose personal information. Updated guidance HMRC have recently updated their list of… Read more »

How to get your company’s unique tax reference

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When you form a company, HMRC will be notified shortly by Companies House. They will then issue a unique tax reference (UTR) for your new company, so there is no need to apply for a UTR yourself. HMRC will enter your company’s details onto their database and send out a letter with your tax reference. It is a 10-digit number… Read more »

Effective negotiation skills for contractors

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When being a contractor, the ability to negotiate will have a significant impact on your own success or the success of your business, particularly when it comes to sales, advertising, buying, and preserving relationships so it really is a worthwhile skill to learn. Short-term success can be achieved by ‘negotiating to win’ but this can lead to long-term resentment and… Read more »

Employers slate HMRC for ‘passing buck’ on intermediaries

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HMRC’s plans to make employers and engagers responsible for operating new intermediaries legislation and determining whether workers using Personal Services Companies (PSCs) are paying the correct level of tax have come under fire in research commissioned by the department. In a bid to tackle the issue of tax avoidance by individuals who would normally be taxed as an employee, but… Read more »

What is Corporation Tax?

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When you set up a limited company, your annual profits will be subject to Corporation Tax. Dealing with your corporation tax issues is one of our key tasks as accountants. However, it is ultimately the company directors who are responsible for ensuring that a company’s tax affairs are in order. As a director of a limited company, you therefore need… Read more »

What are a Directors Responsibilities?

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Understanding the differences between a director and a shareholder is very important if you are running a limited company. A shareholder is someone who owns shares in a company and with those shares (assuming ordinary shares) has a right to income, to vote and to a share of the sales value of the company in the event of the company being sold. The… Read more »