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 – and contracts generally require £5m...
I have a client who recently came to us for help with her tax return with some letters from HMRC. She is a social worker who was getting work via an Agency – and she was being paid by an Umbrella Company. The lady isn’t British and took all the advice she received...
Yes you can. Advantages: You could pay yourselves equal amounts to minimise the risk of Higher Rate Tax to one of you. Only one set of accounts will need to be prepared each year, rather than two, saving on accountancy fees. Disadvantages: If either of you are in...
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...
