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Budget 2016 summary: Key points for Contractors & Freelancers...

George Osborne delivered his 8th Budget speech on Wednesday and once again he focused his attention on creating a stronger economy by supporting small business and enterprise. The Government continue to voice their desire to stamp out unfair and deliberate tax avoidance, aiming to raise £12bn through their efforts.

Topics: HMRC, Freelancers, contractors, budget

Money Management as a Freelancer or Contractor...

Prior to making the decision to the start up your own Limited Company, read our advice on managing your money;

Money management as a freelancer or contractor 

Working for yourself as a contractor is exciting and can be hugely rewarding. With the autonomy and control comes a need to manage your affairs and finances. Think about the following money management tips to help you take control of your finances…

Topics: Genie Accountancy, tax saving

Freelancers and Professional Contractors subjected to further uncertainty...

Other than confirmation that legislation will be introduced to restrict tax relief on travel and subsistence for contractors and freelancers working through intermediary companies (umbrella and personal service companies) there was little information within the Autumn Statement. As anticipated this means a further period of uncertainty until the draft legislation is published on 9th December.

Topics: HMRC, contractors, budget

How to promote yourself as a contractor/ freelancer…

Higher rates of pay, flexible working hours and the ability to choose which projects you work on are just some of the many reasons people choose to go contracting. If you do decide to move into contracting you’ll need to know how to best market yourself in order to stand out from the crowd in a competitive field. Let’s take a look at the most successful forms of advertising your services…

Topics: Genie Accountancy, Genie Education, Orange Genie Group, Genie Umbrella

Compliance is a choice

Why is compliance important?


The recruitment industry and the management of contractors has presented challenges and concerns for some time. Industry doesn't like uncertainty and the use of intermediaries is governed by a complex web of rules, regulations and legislation. The level of confusion and lack of knowledge in the industry is understandable and this allows unscrupulous providers to survive and thrive. The perceived lack of enforcement seems to add a spirit of adventure and deceit which has resulted in a rising number of scams, contrivances and exposes.

Topics: Orange Genie Group

Switching from an Umbrella Company to setting up a Limited Company

Here at Genie Accountancy, we love hearing from happy clients. Have a read of the below & find out why making the decision to move from umbrella to setting up their own limited company was the best route for one of our clients....

Pension shake-up following the Summer Budget...

Contractors that earn over £150,000 were dealt a bitter blow in the Summer Budget in July, as the Chancellor attempted to balance his cuts to welfare and benefits with a reduction in the pension allowance for Britain’s highest earners.

If you fall in to this highest pay bracket then you will have your annual pension allowance cut at a rate of £1 for every £2 you earn over that £150,000 threshold, effectively leaving those earning £210,000 per year with just £10,000 annual allowance from April 2016.