Carrington Accountancy have come up with a novel way to keep their contractors abreast with the latest changes in legislation and tax planning.

So our Beloved Leader has finally allowed us an election. Good news on several fronts. I make no secret of my desire to see the end of the current Parliament in general and our sitting PM in particular.

The Chartered Institute of Taxation has criticised the government’s decision to push ahead with the Finance Bill before the general election. They believe that rushing through the proposals could lead to loopholes and an overly complicated tax system.

Concerns have been raised over changes to pension tax relief from next year. Under government proposals, high earners will face increased restrictions on this type of relief from 6 April 2011.

The Association of Consulting Actuaries has slammed the government for the “complex” nature of its new proposal for pension tax relief reforms for high earners.

I was reading up on the House of commons Finance Committee’s debate on the BN66 case – that’s the one about retrospectively taxing people who thought they had joined a valid scheme and suddenly found they hadn’t.

Do you turn to your accountant for business advice? If the answer is yes, you are not alone.

At one point it seemed as though HMRC’s radar was focused solely on the Construction Industry, but now their gaze has fallen hard and fast on limited company contractors (yet again). In the last month Accountax have seen a 162 % increase in the number of IR35 enquiries instigated by HMRC.

According to research by PricewaterhouseCoopers (PwC), contractors earning an average annual salary of £30,000 will face a difficult year in 2010.

If you are one of those who have decided they are caught by IR35, you are no doubt aware that your options regarding taxes paid are fairly limited. 95% of your gross, less some allowable expenses, is the rule. However, there is a way to remove some (or even all) of your gross from the clutches of IR35.

It seems slightly paradoxical that while freelancers frequently earn more than their permanently-employed colleagues, they routinely have issues trying to obtain mortgages. This problem arises when you try to demonstrate to the mortgage provider that you can actually afford it.

Director’s and Officer’s Insurance is a policy that covers the legal representation and related costs that may be incurred by an officer of a company as a result of things including (but not limited to)