Outside IR35, a limited company typically puts extra money in your pocket each year; inside IR35, an umbrella company is usually the smarter, simpler choice.
An umbrella company is a UK PAYE employer that pays contractors and freelancers on temporary assignments, usually arranged through a recruitment agency. Key Takeaways 1.
You can fill gaps in your NI record by making voluntary contributions: Class 3 costs £956.80 per year in 2026/27, and each year you buy
MTD stands for Making Tax Digital. And as of things stand, you’ll need to prepare for MTD for income tax sooner or later. It’s a
Incorporation is the name given to the creation of a corporate entity, or new limited company, that is separate from an individual (sole-trader). Key Takeaways
Registering as a sole trader is free, takes around 10 minutes online, and must be done by 5 October after the end of the tax
As a self-employed or a freelancer, you can lower your tax bill by claiming self assessment expenses. These are the costs you pay to run
The most common tax mistakes for creatives — poor record-keeping, missed VAT thresholds, incorrect expense claims, and missed deadlines — are all avoidable with the
If you were running a creative business in the UK between 2020 and 2022, pivoting was a survival tactic. From the moment the first lockdown
