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 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 to generate new work ...
Allowable HMRC professional subscriptions
Introduction Can you claim for professional subscriptions as a genuine business expense? These fees are ...
Business phone and broadband -what is tax deductible
Introduction When you run your own company, is there a tax-efficient way to claim for ...
Business gifts -learn when they are tax deductible
Are business gifts tax deductible? Are business gifts to clients tax-deductible? Many business owners, including ...
Small business website design for UK business
Introduction When you set up your own company or, you have been running your own ...
Tax Saving Guides
UK Marriage allowance transfer
Introduction -how to claim the UK Marriage Allowance 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 marriage allowance? The process includes part of your partner’s tax allowance being transferred to you. The claim applies to both marriages and civil partnerships. Common questions There are many questions out there regarding the marriage allowance claim, which include: what is the marriage allowance? how to claim for this? when can ...
Relevant Life Insurance for Directors & Contractors
Life insurance for directors Relevant Life Insurance policies provide ...
Dividend allowance -how this works
Introduction The annual tax-free dividend allowance was introduced in ...
Most tax efficient way to pay yourself
Introduction What is the most tax efficient way to ...
Business expenses guide for contractors
Contractor expenses guide -introduction This is the official contractor ...
Financials
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 ...
Relevant Life Insurance for Directors & Contractors
Life insurance for directors Relevant Life Insurance policies provide ...
UK Professional Indemnity Insurance – Contractor Advice UK
Protect your company against claims of professional negligence Most ...
Best Contractor Mortgages – Contractor Advice UK
Contractor mortgage broker If you are working as a contractor ...
UK Critical Illness Cover – Contractor Advice UK
Introduction -Critical Illness Cover UK UK critical illness cover ...
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 ...
Company bank account for contractor banking
Introduction When you start your own company for the first time, besides finding work for ...
File Confirmation Statement form
The Annual Confirmation Statement -an annual filing requirement If you are ...
Electric & hybrid cars for limited company directors
Introduction Today, electric and hybrid cars are fairly new on the ...
Change my contractor accountant -how to do this
Introduction As a contractor or small business owner, you may have ...
Some Key Articles
Director loan account -what is this?
Introduction -what is a director’s loan? ...
Contractor accountant -learn what to look for
Contractor accountant / small business accountant ...
Personal Incidental Expenses -how these work
Introduction -incidental expenses Personal Incidental Expenses ...
Trivial benefits for UK contractors
Introduction Trivial benefits are an exemption ...
Company Xmas party allowance
Introduction As a UK business owner, ...
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.
