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Businesses in the UK spent £23.7 billion on research and development (R&D) in 2017, according to the latest data from the Office for National Statistics (ONS). The ONS found that year-on-year expenditure on R&D increased by £1.1bn – or 4.9% – compared to...read more
Leading tax bodies have joined the House of Lords in calls to delay the introduction of Making Tax Digital (MTD) for all taxes, less than three months before it’s due to come into force for VAT. MTD is finally due to commence on 1 April 2019 for VAT-registered...read more
The annual investment allowance is set to temporarily increase from £200,000 to £1 million, allowing businesses to gain more tax relief on their investments. This will take effect from 1 January 2019 and remain in place until 31 December 2020, after which it is due to...read more
Contractors could face a higher tax bill from April 2020 when reforms to IR35 legislation are set to take effect in the private sector. This is expected to raise more than £3 billion between 2020 and 2024, as self-employed individuals who fall within the rules, and...read more
Whether you are a new contractor or have been working independently for a while, it’s likely that you will have heard a lot about umbrella companies. But what exactly are they, could they be the right solution for you and if so, how? Our complete guide sheds more...read more
Contracting: The key to a successful and family-friendly career For most of us, a happy work-life balance is our number one priority. Whether you have kids or are considering having children in the future, it can be difficult to find a career that allows you that...read more