Welcome to Contractor Advice UK -the home of great advice for UK contractors and small business. Is your business insurance renewal due now or soon? You can now get a great 10% discount when you apply through Contractor Advice UK. Please click here and scroll to the bottom of the article and click 'Get An Instant Quote'. You can use code CAUK10 at checkout to receive your discount.

Contractor Advice UK

One of the best sites for free advice for UK contractors, freelancers and small business

contractor accountancy

Contractor Advice UK website is an information-packed resource for contractors, freelancers, and interim professionals in all sorts of industries. Much of the contractor accountancy advice in the blog also applies to UK business owners in general. The website has now been live for a couple of years and aims to bring you the best free advice as a UK contractor or small business owner.

Within the blog, there are plenty of articles covering all sorts of aspects including contractor accountancy services, tax saving ideas, business travel, salaries, dividends, tax returns, tax year dates, starting a company, closing a company and many more.

Some of the more complicated articles cover Companies House, HMRC and the various taxes that apply to UK small business.

Besides the blog, there is also a contractor forum where you can join discussions and introduce yourself and also a members’ area and contractor and business finances page.

Please enjoy your stay and feel free to register as a member and sign up for the newsletters.

Expenses Guides

Business entertainment costs

Introduction -business entertainment expenses As a contractor or small business owner, can you claim for the cost of business entertainment as a business expense? There may be times when you are running your own company that you would like to drum up some new business. This could be with former, current or potential new clients. You may also decide to meet up with a client or customer to celebrate and discuss some recent good work and what your plans for the future may be. It may also be the case that you incur some unplanned entertaining costs on a recent business trip. Therefore, meeting up with current or potential new clients and providing business entertainment can, in itself, be an excellent way ...

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Tax Saving Guides

UK Marriage allowance transfer

Introduction -how to claim the UK Marriage Allowance  The UK Marriage Allowance allows you to transfer £1,250 of your Personal Allowance to your husband, wife or civil partner. However, this is not available to all, it will depend on you and your partner’s income. Have you ever wondered if you can claim for the Marriage Tax Allowance or, in other words, apply for the UK Marriage Allowance Transfer? On the other hand, have you never been aware that this exists, or who can claim this allowance? The process includes part of your partner’s tax allowance being transferred to you. ...

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Income Protection Insurance for Contractors – CAUK

What is Income Protection insurance for contractors?      Income Protection is a key policy to think about as a contractor who is running his or her own company. It makes sure that you do not have to dip into your savings if you are not able to work. What’s more, when you work for yourself, you do not have a safety net. By this, I mean in terms of sick pay or financial support from an employer.  Income Protection is, in effect, sick pay for Contractors. It enables you to meet your mortgage payments, bills, and lifestyle needs. There may ...

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Other Guides

Director loan account -what is this?

Introduction -what is a director’s loan? When you are a director of a company, there may be a need at one time or another, for you to lend money to the company. Alternatively, if the need arises, you may need to borrow money from your company. The total amount of the loan or advance, one way or the other, between you and the company, will become a director loan account. In both cases, where you are the sole director of your own company, there is no need for a written director loan agreement. However, if you are part of ...

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Some Key Articles

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Why Contractor Advice?

UK business owners come to the site to educate themselves on a wide number of areas. As well as general accounting advice there are also many tips on how to become tax-efficient and save money when running your own UK business.