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Contractors: Running a limited company

Contractors: Running a limited company

You’re a contractor in the UK, and you’ve just become a Director of your Limited Company. There are certain duties and responsibilities you need to be aware of – besides just making sure your business runs profitably. The Companies Act 2006 outlines...
Contractors setting up a Limited Company : What you need to know

Contractors setting up a Limited Company : What you need to know

Fast and seamless set up within 24 hours Square Mile Accounting has every step of the way mapped and marked. We can get everything set up for you on your behalf, from choosing and registering your name to filing your accounts to helping you to use your accounts to...
The Pros and Cons of Contracting Trading Options

The Pros and Cons of Contracting Trading Options

Which option is right for you? First ask yourself the following questions: Is contracting a short-term or long-term decision? Do you want to establish yourself as a brand? How much time and resource do you have to spend on the administrative side? How much money do...
The best trading options for Contractors

The best trading options for Contractors

Your Trading Options When you start contracting, you need to consider how you will receive payment for the work that you do. The options available to you are: Your own Limited Company Umbrella Company PAYE through an Agency Sole Trader We’ll explain the differences...
Specialist Contractor Accountants in London

Specialist Contractor Accountants in London

Contracting in the UK is steadily growing in popularity, representing an increase of 63% since 2004 – research from the IPAG Business School in France bringing light to the growing wave of the iPro. They classify iPros as “highly skilled self-employed individuals who...
Travel and Subsistence rules under attack!

Travel and Subsistence rules under attack!

If you travel a lot for your business, we’re sure you’ve heard the news buzzing around the contracting world about the proposed changes to tax rules for travel and subsistence. Following the 2015 summer Budget, the Government has proposed removed of tax relief on...