06
May

Accounting Responsibilities of a Director

At FW Accounting, we see many contractors looking to set up limited companies. When we incorporate your limited company (which we do for free I might add), you become the

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28
Apr

The IR35 Business Entity Test…Have you taken it?

  In HMRC’s efforts to help contractors understand the legislation and give some guidelines to self-assess their status, the Business Entity Test was born. The test is a series of

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22
Apr

The Hassle of Getting Paid

It used to be your favourite day of the month or week when you were employed and received a pay cheque on schedule. It was never a concern, just a

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17
Apr

Local Accountants: Are They Really Important?

There has been a lot of hype in the media at the moment around sourcing local produce and parting with your cash to independent stores as opposed to large chains

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14
Apr

Are Low Emission Cars More Tax Efficient?

If you are a limited company director looking for a business car, why not consider a low emission car? Besides contributing to saving our planet by lowering your carbon foot

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07
Apr

Are you an employee in disguise?

Contractors operating via a limited company are subject to the scrutiny of the IR35 legislation with the dreaded worst case scenario of being caught by the legislation, meaning that you

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03
Apr

Starting up as a Sole Trader

Being your own boss is a freedom which leads many into the contracting business. With less legislative requirements then operating via a limited company, often being a sole trader is

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24
Mar

Umbrella Company or Limited Company?

The introduction of the IR35 legislation led many contractors to feel targeted and uncertain with whether they would be seen as a genuine business in the eyes of the Revenue.

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24
Mar

Budget Update

After a sustained period of speculation, George Osborne finally unveiled the contents of his red briefcase in the form of his annual budget speech last week. Perhaps thankfully, nothing featured

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