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Recent Blogs

IR35 – Impact on Oil & Gas?

How could IR35 reform impact the oil and gas sector? While statistics tell us that Britain’s oil and gas sector accounts for around just 1% of the oil produced globally,...

Mike Butchart

IR35 Reform – Mistakes to Avoid

Mistakes to avoid when preparing for IR35 reform. A sea change in the contracting world will hit the private sector next April. Under new rules for administering the IR35 legislation,...

Troy Stevens

HMRC Guidance on IR35 Reform

Latest HMRC guidance on private sector IR35 reform disappoints Expectations that HMRC would make serious efforts to help recruitment agencies and end-clients implement incoming IR35 reform fell flat last week,...

Mike Butchart

Does Your Company Have the Right Insurance in Place?

Company Insurance Insurance for contractors is one of those necessities that we would rather do without. Whether you require business insurance as a contractual obligation or you want to take...

Troy Stevens

When did you Last Speak to your Contractor Accountant?

Personal Approach It doesn’t matter how many technological advancements occur in the world of accounting, whether it is automated bank reconciliation, virtual document hubs, mobile expense tracking or online accounting...

Troy Stevens

5 Tips for Staying Productive Between Contracts

All contractors will at one time find themselves on the bench. This is the period between contracts when your latest assignment has finished, and your new contract has either yet...

Troy Stevens

New Year, New Accountant

Switching to a New Accountant With the hangover of New Year’s Eve now a faint and distant memory, you will have undoubtedly witnessed the barrage of social media posts pledging...

Troy Stevens

Why Get an IR35 Contract Review?

IR35 affects anyone operating via a Ltd company and is something that you should be aware of as a contractor. Anybody thinking of going Ltd or anyone picking up a...

Mike Butchart

Can HMRC Ever Be World Class?

Revenue set out strategy for becoming top organisation HMRC has recently published its corporate strategy to become a “world-class organisation” underpinned by the values of professionalism, integrity, respectfulness and innovation....

Troy Stevens

Employee third party debt and pecuniary liability

Pecuniary liability principle Under the pecuniary liability principle, where an employer settles a personal bill on behalf of an employee, whether Class 1 or Class 1A NIC are payable, depends...

Troy Stevens

PAYE

When paying PAYE earlier might be beneficial There are special rules that determine when an employee is deemed to be paid for tax purposes. Basically, the legislation seeks to ensure...

Troy Stevens

Self Assessment – Suspension of HMRC Penalties

HMRC penalties could be suspended – conditions apply Where a tax return contains an inaccuracy that was due to the taxpayer failing to take reasonable care, then that error is...

Mike Butchart

IR35: Countdown to Off-Payroll Rules

What are the new off-payroll rules? Up until now, contractors earning a rate of £220 per day or more or on contracts of more than six months have had to...

Troy Stevens

Purchase of a Property through a Limited Company

The purchase of a property through a business can be very tricky and there are numerous things to think about if deciding to do so. Specialist advice is recommended. If...

Troy Stevens

Childcare Vouchers

Childcare Vouchers if you are a Limited Company Director: How? Where? When? Are you a Limited Company Director looking to save money on childcare by setting up Childcare vouchers? How...

Troy Stevens

Pension Changes Auto-Enrolment

There has been a great deal of media coverage recently regarding the changes to Workplace Pensions. The new law is only applicable for Company’s with more than 1 Employee. If...

Mike Butchart

IR35: What Should I Look Out For In My Contract?

As a contractor, you will be asked to sign written contracts with either an agency or client. At first glance it can just look like pages of ‘legalese’ which make...

Mike Butchart

I’ve had an IR35 letter – what should I do?

If you receive a letter which mentions IR35, you should immediately assume that you are in the early stages of an IR35 enquiry. Don’t panic though: with a bit of...

Mike Butchart

IR35: Written contract vs working practices

 What carries more weight in an IR35 enquiry: your written contract or the reality of the situation? Your actual working practices are more important than your written contract in the...

Mike Butchart

Does working via an agency help my IR35 position?

The simple answer here is no. In fact, contracting via an agency can sometimes cause problems in the event of an IR35 investigation. When dealing with an agency, there will...

Mike Butchart

What’s Happening With IR35?

We take a look at the latest developments with IR35, where we stand at the moment and what can be expected in the future. Is there a high risk of...

Troy Stevens

Substitution – The IR35 Golden Bullet

The IR35 legislation is riddled with grey areas, which naturally leads to misinformation and misunderstandings. Perhaps one of the biggest areas of confusion is surrounding personal service and substitution. Most...

Mike Butchart

Self Billing Contracts

An Agency operating a self billing system means they do not require an invoice to be submitted by the Contractor‘s Company and they will pay for services provided on submission...

Mike Butchart

Year End Accounts & Personal Tax Returns – Have you returned your checklists & supporting information?

We are currently working on preparing your (5th April) Year End Accounts and 13/14 Personal Tax Returns and in some cases, we haven’t received all the necessary information required to...

Mike Butchart

Struggling to get a Bespoke Mortgage as a Contractor?

At FW Accounting we are specialist Accountants for Contractors and Freelancers, so we know all about the difficulties in obtaining the right Contractor Mortgage. It’s for this reason that we...

Troy Stevens

Name Change & Service Fees

We’ve made a change to how your monthly service fees and tax reserve deductions are detailed on your business bank account; they now show as Powered by Integra Limited. This...

Mike Butchart

Some Points to Note Regarding Expenses

HM Revenue and Customs (HMRC) general rule for claiming expenses is that they must be wholly, exclusively and necessarily incurred in performing your duties. If an expense has duality of...

Mike Butchart

Keeping Your Business Going Through Illness

When working as your own boss, the effects of falling ill can spiral out of control, and quickly. Most illnesses experienced are mere colds which pass after a couple of...

Mike Butchart

The IR35 Police

Who is behind IR35? Let’s take a look at who exactly is charged with enforcing the legislation, and see who is pulling the strings of IR35 enquiries and investigations. Last...

Mike Butchart

Personal Tax – Payment on Account Reminder

If your personal tax for Self Assessment in January was more than £1,000, HMRC require that you make your second payment on account by 31st July 2014 as they require...

Mike Butchart

Your Client Portal Has Been Updated!

We have recently added more of your company’s records to your client portal including your P60 for 2013/14 and some further useful factsheets. Your portal is a very valuable business...

Mike Butchart

The Consequences of Ignoring IR35

HMRC have released new guidance on IR35 and, although nothing game-changing has been added, it brings to light the importance of ensuring compliant working practices. Amongst other topics, the guidance...

Mike Butchart

How to Network

All the excitement of starting your company has led you to this point: getting business. You need clients, so what do you do? You join a networking event. But the...

Mike Butchart

The Business Plan

Often seen as an outdated requirement, with many choosing to take an off-the-cuff approach, business plans are a dying aspect of entrepreneurship. We believe, however, that having a business plan...

Mike Butchart

IR35 – Increasing Enquiries

IR35 Update   Since it was introduced back in the year 2000, the way that IR35 has operated and been enforced by HMRC has been unpredictable. When the legislation was...

Troy Stevens

IR35 Enquiries – Are You at Risk?

Although there is no clear cut answer to this, what must be made aware is that the risk of IR35 is ever present for anyone working as a contractor. In...

Troy Stevens

How is an IR35 Enquiry Carried Out?

With information of ‘the dangers of IR35’ common throughout blogs and articles at the moment, many contracting outlets fail to address some of the most important issues when it comes...

Troy Stevens

How Do You Look?

LinkedIn is an ever-growing business orientated networking platform, being used by many professionals as a part of their larger social media marketing plan. But how much time have you put...

Troy Stevens

Additional Service Fees

As the UK’s Premier Oil & Gas and IR35 contractor accountants, we pride ourselves on delivering to you a fully integrated accounting and administrative support service. We are the only...

Mike Butchart

Becoming Your Own Salesperson

Whatever your speciality, when you become a contractor or freelancer, the biggest challenge is generating business for yourself. Contractors are excellent at what they do, but many have never done...

Mike Butchart

IR35 Enquiries on the Increase = Need for Increased Protection

IR35, despite being a very important topic, is one rife with misinterpretation and miscommunication. FWA understand the genuine concern that IR35 is for contractors, and because of this have teamed...

Mike Butchart

The Hassle of Getting Paid

It used to be your favourite day of the month or week when you were employed and received a pay cheque on schedule. It was never a concern, just a...

Mike Butchart

Are Low Emission Cars More Tax Efficient?

If you are a limited company director looking for a business car, why not consider a low emission car? Besides contributing to saving our planet by lowering your carbon foot...

Mike Butchart

Umbrella Company or Limited Company?

The introduction of the IR35 legislation led many contractors to feel targeted and uncertain with whether they would be seen as a genuine business in the eyes of the Revenue....

Mike Butchart

Submission of Timesheets and Expenses

Currently when you submit your timesheet to timeandexpense@fwaccounting.com from your preferred e-mail address, our automated processing system will recognise you by this address and allocates your timesheet/expenses to your Company...

Mike Butchart

New Website Launch!

We are very excited to share with you our newly redesigned website after several months in development! You’ll see things are looking much clearer and it’s all been designed with...

Mike Butchart

Claiming Christmas Parties Allowance Expenses

With Christmas fast approaching, we thought we would let you know about a little known tax loop hole regarding Christmas parties….. HM Revenue & Customs allow a tax exemption of...

Mike Butchart

Income Protection

As a contractor, it’s likely that you have left a job where you were provided with a range of benefits from your employer – such as a company pension scheme,...

Troy Stevens

Monthly Business Snapshot Changes.

At FW Accounting we welcome feedback on how we can make improvements for our clients and following some recent feedback we received regarding your monthly Business Snapshot, we are delighted...

Mike Butchart

Requests for Year End Accounts & Personal Tax Outstanding Information!

We are currently busying away preparing your Company’s 2012/13 Year End Accounts (if your Company’s yearend is 5th April) and Personal Tax Returns and in some cases, we haven’t received...

Mike Butchart

IR35Buddy©

IR35Buddy© is a free online portal for genuinely self-employed contractors to help them evidence their IR35 status. What sets IR35Buddy© apart from other contractor portals and websites is their unique...

Mike Butchart

What is IR35?

Interview with Seb Maley of Qdos Consulting IR35 is a concept that still causes much confusion and concern within the contracting community. Understanding the ins and outs of the legislation...

Mike Butchart

Show me the money!??

Being offered a contractor role normally means more money. Sounds great – but do you really know what’s involved before taking the plunge?? Instead of seeing pound signs, make sure...

Mike Butchart

Promoting your limited company helps with IR35

As well as being a contractor, you are also a director of a limited company, a company that you work for and represent. How do you promote that company and...

Mike Butchart

Guest post by Troy Stevens from Qdos – Always use protection!

The Importance of Contractor Insurance Any professional working as a contractor must be aware of the potential misfortunes that their limited company can endure without the existence of proper contractor...

Mike Butchart

Guest Post: Are Mortgage Lenders easing their criteria towards Contractors?

Are Mortgage Lenders easing their criteria towards Contractors? Since the dawn of the credit crunch, few have suffered as much under tighter lending rules as the contractor community. The outlook...

Mike Butchart

Piper Alpha – 25 years on…

Saturday, July 6th marks the 25th anniversary of the Piper Alpha disaster – still the worst offshore tragedy in UK history. Four massive explosions destroyed the Piper Alpha platform around...

Mike Butchart

Review of UK North Sea Oil and Gas industry is launched by the UK Government

[lead] The first and biggest review of the country’s offshore oil and gas industry in over 20 years has been launched this month by the UK government, in a bid...

Mike Butchart

High street mortgage lender extends contractor lending policy

Great news for Energy Contractors this week when a major high street mortgage lender extended their IT contractor lending policy to the Energy professionals. This exciting development for Energy contractors...

Mike Butchart

Guest Post – Recruitment Agencies

[lead]I would like to write about something I overheard this week. A couple of contractors were talking about recruitment agencies. I was taken aback by the disregard and disrespect that...

Mike Butchart

Guest Post – The Current State of IR35

Following the release and issue of the recent 2013 budget, many professional individuals will be scratching their heads as to what has and hasn’t changed. Many will indeed be wondering...

Mike Butchart

Contractors Beware – Pre-budget intelligence

Contractors beware… HMRC is planning to bring forward further guidance when and how IR35 rules will apply to office holders and directors providing their services through limited companies. There is...

Mike Butchart

Contractor Forum

[lead]At FW Accounting, our mission is to constantly improve our service offering to our clients. We are always asking; “how could it be better?” So how do we do this?...

Mike Butchart

Prospering Career Opportunities for Contractors in the UK 2013?

[lead] …it would seem so…[/lead] A recent report from REC (the Recruitment and Employment Confederation) is a positive boost for contractors working in IT, engineering and other technical fields. The...

Mike Butchart

Shale Gas – An unconventional energy future?

[lead]Shale gas fields can be exploited via a process known as hydraulic fracturing, more commonly known as ‘fracking’. These fields have become commonplace in various countries around the world and...

Mike Butchart

LinkedIn for Contractors – unlock the massive potential for YOU!

I was lucky enough last week to attend a fantastic lecture on how to get the most out of LinkedIn from a Business Development point of view, by Mister LinkedIn...

Mike Butchart

QAccounting joins campaign to help contractors and freelancers in Umbrella Companies save money

Specialist contractor and freelancer accountancy firm FW Accounting has joined a campaign to help individuals working under the auspices of a UK Umbrella Company determine whether they could save up...

Mike Butchart

Working Hours of a Freelancer/Contractor – Time Management (Guest Blog from Andrew Smith)

Time. So precious but there’s never enough of it. Well, apart from when we’re doing something that really, really drags like standing in a queue or waiting for the kettle...

Mike Butchart

Business Interruption! How does the weather affect your work?

Where I live in Aberdeen, THIS is the kind of weather that we have been dealing with this week. In fact I was lucky enough to be getting a tour...

Mike Butchart

Tendering for Freelance Work? Let the clients find you!

After covering how to source leads proactively yourself, today we are looking at online resources, so you can make yourself visible to the clients that need you! Side Note: This...

Mike Butchart

Miles’ Lead Generation Tips for Freelancers – Part 1 of 3

Welcome Miles Duncan! Our very own Sales Director has kindly offered to do a series of 3 blog posts offering advice on how to generate leads and opportunities for Contractors...

Mike Butchart

Pros and Cons of ‘going freelance’

  Don’t worry! We know it can be a scary prospect, you are making a jump into the great unknown…it’s a place where you won’t be reporting to your boss,...

Mike Butchart

Success of an Intern – Our New IR35 Test

[lead] No pay… No fun… No hope for progression within the business afterwards…? [/lead] This is the impression from many current articles, in regards to the working environments for Interns....

Mike Butchart

IR35; Would Batman pass or fail the Business Entity Test?

Reporters from FW Accounting managed to catch up with the Dark Knight recently and rather than ask the same old questions about his summer blockbuster, we thought the Caped Crusader...

Mike Butchart

Getting to grips with social media

It seems that everyone is talking about Social Media these days. The fastest growing group on Facebook is 55-65 year old women, so if your mother isn’t using it yet,...

Mike Butchart

Generating Business

Often our freelance clients find that, after taking the scary leap into being self-employed, the next challenge is building a good client list, preferably one with great clients who pay...

Mike Butchart

Your health, your business’s health

If you work for yourself you will be familiar with the phrase “I’m too busy to be ill!” You’ll know the feeling of dread when you start to cough and...

Mike Butchart

Your timesheet is cash

If you are a contractor or a freelancer, or if you are thinking about going it alone, read on. Your life could be about to get easier. The biggest obstacle...

Mike Butchart

Networking for New Starts

Some thoughts on the wonderful world of networking from Eugene Clarke of TalkBuddy™ You’ve done it! You’ve started your first business and you’re ready to get out there and tell...

Mike Butchart

Peace of mind for contractors

Being a contractor carries a number of obligations and legal responsibilities and it’s important to know what they are and what your clients expect from you. As with solicitors and...

Mike Butchart

Discount delight or discount disaster?

Getting customers through the door faster! As an avid bargain hunter, and I mean to the extremes – my colleagues at FW Accounting have nick-named me ‘Discount’-  I love receiving...

Mike Butchart

Financial Projections for Business Plans

In a previous blog, we talked about the essential ingredients of good Business Plan. In this post, we’re going to look at the financial projections that should go along with...

Mike Butchart

Crowd Funding – The New Venture Capitalists

We all know times are tough, and the current economic situation is making the growth of new businesses and the innovation necessary to sustain that reputation much harder. Access to...

Mike Butchart

Is Your Business Head in the Cloud?

When marketers talk about web-based software and “the cloud” or “software-as-a-service” (SaaS), they always seem to bang on about two main things. Cost: It’s far cheaper than desktop software and...

Mike Butchart

Rangers, HMRC and You

Rangers case should be a warning to contractors and small businesses You’d have to be a hermit to have avoided the news about Rangers Football Club going into administration this...

Mike Butchart

Relationships and Accounting

Last time, I wrote about the importance of keeping physical records, now, we’re going to talk about relationships – specifically the relationship between you and your business supporter. Why is...

Mike Butchart

There’s No Such Thing As A Free Lunch!

A number of our clients, and many self employed people, generally (whether operating through a Limited Company, or as a Sole Trader) have the common issue of completing work for...

Mike Butchart

Painless Tax Returns: A Guest Blog by Abi Silvester of DollyMix.tv

Self employment is a great way for many people to take control of their careers and the rewards can be huge, but there is one sting in the tail of...

Mike Butchart

The New Year Blog

A very Happy New Year from all of us here at Freelance World! To kick-start 2012, this week’s blog is our Top Ten Tips for the new business year. These...

Mike Butchart

Physical Record Keeping for Your Business

You might be wondering why we’re covering a topic as simple as keeping records. Firstly, let’s establish why you need to keep records, then explain the impact record-keeping has on...

Mike Butchart

Contracting vs. Being Staff

Attracting top talent in the current climate is just as hard as it has been for the last 30 years.  Without a doubt the most compelling method of attraction is...

Mike Butchart

What Can You do With £4 ? A Guest Blog by David Tawse of Nimbus Blue

What can you get these days for £4? A few pints of milk or a drink at the pub? Perhaps a thimble full of petrol (if you’re lucky)? Well, not...

Mike Butchart

Business Plan Basics Part 1

Should you write a Business Plan in these changing times? Some would say no, however having a plan for what you’re going to do has always been a good idea....

Mike Butchart

Taking a fresh look at your Marketing: A Guest Blog by Julie Mitchell Mehta

At this time of year it’s a good idea to stop and review what you have been doing with your business over the previous ten or eleven months and decide...

Mike Butchart

Vat’s it all about?

By law, a business has to register for Vat when their sales reach £73,000 or it’s likely that they will in a calendar year. But what is Vat? Basically it’s...

Mike Butchart

Being Mobile is the New Black: A Guest Blog by Nic Wise

Being Mobile: It’s the new black ———————————- A while back, when I started in the workforce, cellphones were a fairly new thing. I got my first phone when I got...

Mike Butchart

Why Worry… ?

These days, we seem to spend a lot of time worrying about things that, really, aren’t that important. The pace of modern life and the things we take for granted...

Mike Butchart

Back to Basics

Running a business, whether that’s as a contractor or otherwise, it’s vital that you stay on top of the numbers. Knowing whether you’re making a profit and whether or not...

Mike Butchart

Joined UP Thinking – Guest Blog by Campbell Urquhart

It’s fair to say that some of the team at The Urquhart Partnership are very enthusiastic about social media, myself included.   So, as you will imagine, I am more than...

Mike Butchart

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