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IT Contracting @justcontracting

A popular site for professional contractors in the UK.

Joined June 2013
  • Tweets 2,402
  • Following 1,695
  • Followers 5,867
605 Photos and videos
The recent £1.1 million HMRC penalty issued against an umbrella scheme promoter is not just another headline about tax avoidance. It is part of a much broader escalation in enforcement activity that is rapidly reshaping risk across the recruitment sector. Thanks for a great opinion piece from Matt Fryer, MD of @brooksongroup. itcontracting.com/hmrc-umbre…

HMRC’s umbrella crackdown means IT recruiters can no longer afford to hope for the best - IT...

For a long time, many recruitment agencies viewed umbrella compliance as something sitting slightly outside their immediate control. This was ultimately

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The government has confirmed that small companies will have to file profit and loss accounts with Companies House from April 2028, bringing clarity to a reform that had appeared in doubt. Thankfully, directors can choose to keep their P&Ls off the public record. itcontracting.com/companies-…
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IT Contracting retweeted
SG Accounting@sgaccountants
May 12
Company accounts mistake after filing? You may still be able to amend them. @justcontracting: when amendments are needed, errors, and corrections at Companies House/HMRC CT deadlines. Read: Read the full article: itcontracting.com/can-you-am… #CompanyAccounts #TaxAdvice

Can you amend your company accounts after you’ve submitted them?

It’s not unusual to spot mistakes after filing your accounts. Anything from something minor to forgetting to include income or expenses before your accounts were prepared.

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How to reduce your accountancy costs as a contractor. Elaine Clark, the founder and MD of @cheapaccounting, has written three top tips for saving on your business accountancy costs. itcontracting.com/reduce-acc…
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Can you amend your company accounts after you’ve submitted them? Thanks to @sgaccountants for this brand new guide for limited company contractors. itcontracting.com/can-you-am…
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IT Contracting retweeted
IR35 Update@ir35update
May 5
PGMOL status case: Tribunal rules referees are not employees. The decision brings the long-running PGMOL employment status case to a close. While not an IR35 case, the decision is highly relevant to IR35 status assessments. ir35update.co.uk/pgmol-statu…
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IT Contracting retweeted
SG Accounting@sgaccountants
Apr 15
Dividends aren’t based on cash, they’re based on retained profits. What happens if your company makes a loss? In a blog for @justcontracting, SG's Director Kerry Newman explains when dividends may still be possible, and when they’re not. itcontracting.com/can-you-pa… #LimitedCompany

Can you pay dividends if your company has made a loss? - IT Contracting

A limited company can still pay dividends even if it has made a loss in the current year, provided it has sufficient retained profits in its accounts.

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Our 2026/27 tax calculators are all live! See the impact of the 2p rise in dividend tax (basic and higher rates) here - itcontracting.com/calculator…
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Can you pay dividends if your company has made a loss? Thanks to @sgaccountants for this excellent new guide! itcontracting.com/can-you-pa…
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Umbrella tax liability (JSL) rules went live on 6th April – what changes now? What does it mean for contractors, and how have agencies reacted? itcontracting.com/umbrella-t…
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Companies House has confirmed a significant security flaw in its WebFiling system that potentially exposed sensitive company data and, in certain cases, allowed unauthorised users to make changes to a company’s records. itcontracting.com/companies-…
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If you are a professional contractor, you may need to invest in marketing to win new work – but can these costs be offset against your company’s tax bill? itcontracting.com/marketing-…
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There is no legal obligation to hire an accountant when setting up a limited company. However, there are some very good reasons to do so. itcontracting.com/limited-co…
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Overdrawn director’s loan accounts: tax risks for contractors. In this guide, Michael McCullion, director of Bright Ideas Accountancy, explains how the rules work and what contractors should watch for. itcontracting.com/overdrawn-…
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IT Contracting retweeted
IR35 Update@ir35update
Mar 20
The fallout from the Post Office’s £104m IR35 liability has taken a new turn, with contractors potentially owed millions in tax after it emerged that HMRC will not offset tax already paid. ir35update.co.uk/post-office…

Post Office IR35 fallout deepens after offset not applied to £104m tax liability

HMRC will not apply an IR35 offset to the Post Office’s £104m tax bill, raising the prospect of contractor refund claims. What it means in practice.

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How to claim professional membership fees through your company. itcontracting.com/profession…
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IT Contracting retweeted
IR35 Update@ir35update
Feb 16
Rupert Lowe’s new Restore Britain party vows to scrap IR35 from day one. ir35update.co.uk/rupert-lowe…

Rupert Lowe's new Restore Britain party vows to scrap IR35 from day one

Rupert Lowe's Restore Britain says it will scrap IR35 on day one, calling it 'daylight robbery'. How does the pledge compare to other political parties?

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The lack of outside IR35 roles remains the top concern for contractors, according to new survey data from @GoQdos itcontracting.com/lack-outsi…
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