Budget 2020: What does it mean for the Self-Employed?

EDIT: In the week following the budget, the chief secretary to the Treasury, Stephen Barclay, announced IR35 will be postponed until April 2021 to mitigate the risk Covid-19 presents to contractors and small business owners across the UK. In his…

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Making Tax Digital for VAT

  Since April 2019, if you run a VAT-registered business and exceed the VAT registration threshold of £85,000 turnover, then you should be keeping digital records and using MTD-compatible software for sending VAT returns to HMRC. Luckily, if you are…

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ICS at the Bay Leadership Academy

ICS visit the Bay Leadership Academy in Morecambe

Earlier this year we were asked by Anna Bell, who volunteers as an Enterprise Advisor at the Bay Leadership Academy in Morecambe if we would come in and talk to their Year 9 students. We offer work experience opportunities but this would…

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IR35 Inside Outside Determination Advice

IR35 – Off Payroll Working in the Private Sector

What has changed? Until April 2020 it is the contractor’s responsibility to determine whether they are operating inside (also known as caught by) IR35 or outside IR35. If the contractor makes the wrong determination then their personal service company is…

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ICS Accounting Handpicked as a Leading UK Accountancy Firm

We are proud to announce that ICS Accounting has been added to Handpicked Accountants, marking us as one of the top UK accountancy firms. As a specialist SME and contractor accountancy provider, we are always looking for new ways to…

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