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Our News page is updated daily and the news feed is supplied by Sift media who are well respected writers in the industry.  If you are interested in new laws, guidance and reports on anything that is happening in Government that could affect your business, these posts -will be useful. You can also sign up to receive them in your inbox.

Insurances that a Contractor should have 

There are three main types of insurance that a Contractor should consider: Public liability insurance This covers physical damage or harm done by the contractor whilst representing their business. This is a legal requirement...

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Can I pay my wife “wages” to save my business tax?

Many business owners pay their spouse a salary – typically up to the Personal Allowance limit (£11,850 in 2018/19). If the spouse has no other taxable income, they will not pay tax on their salary – and the business owner saves tax (at 19%, 20% or 40%) on the salary...

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Can I set up company pension for my husband/wife

Firstly, you should consult a Financial Advisor when deciding to set up a pension scheme. Currently, if the Company pays for the contributions, you and your spouse will effectively share the tax relief.  However, if you make the contributions from your own income...

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What are the options for a new Freelance Contractor?

There are generally three options – Agency payroll, Umbrella company and your own limited company (Personal Service Company). Agency payroll – This is self-explanatory.  You will pay tax and NI on a salary and you should receive holiday pay and statutory sick pay.  It...

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Protecting your Limited Company from losing assets

“Limited liability” generally refers to Limited Companies (and LLP’s).  If they fail, the assets of the Company will be lost, but all of the personal assets of the shareholders will be safe.  So, the business owners still keep their homes and investments and could...

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What to consider when splitting shares between couples

Ownership Who genuinely owns, founded, or acquired the business? Who works in it and earns the money?  If the person who formed, and runs it isn’t the majority shareholder, this could mean trouble – because, if the couple fall out, the main worker could lose control...

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We are very happy to meet you to discuss your business or even your idea for a business. We will advise you on the most tax efficient structure if you are setting up and we can review your business if you are already trading.

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