Long term contract? How HMRC’s 24-month rule affects your travel expenses

Despite the announcement of the recent dividend allowance drop, there are thankfully a number of tax reliefs and allowances that make operating as a contractor or small business particularly profitable. Introduced back in 1998, the 24-month rule is just one piece of legislation that’s worth digging a little deeper into…. View Article
Tom Bell Tom Bell , 26 July 2018

5 common culprits for late payment (and how to avoid them)

Here at Shield Accountancy, we work with both contractors and small businesses to make the management of finances risk and hassle free. One problem both groups face is the issue of late payments. It’s hugely frustrating if, after finding great contract work, clients fail to pay on time. Shockingly, 27%… View Article
Jude Eze Jude Eze , 23 July 2018

New tax year, new you? 5 efficiency rules to embrace

The new year brings a flurry of changes. Although many parts of the world choose New Year’s Day as the start of their tax year, here in the UK it’s April 6th. For contractors and small businesses, the new tax year provides an opportunity to hit the refresh button. In… View Article
Jennifer Gannon Jennifer Gannon , 19 July 2018

Why companies love contractors

It’s no secret, we love providing innovative finance solutions to the contracting and small business market. And it appears that companies are increasingly choosing to hire contractors, rather than go down the more traditional employee route to aid growth. The rise in the number of professionals becoming self-employed is transforming… View Article
Jude Eze Jude Eze , 12 July 2018