buy-to-let-property-investment-update With many of our contractor clients also choosing to invest in buy-to-let property, AJN have prepared a Buy-to-Let Update providing details around five key changing factors, and summarising both the current challenges, as well as the remaining opportunities for each.

contractor-tax-important-dates-16-17 The new tax year commenced on 6 April 2016, so this month it's important to familiarise yourself with what has changed and how you can benefit from the new contractor tax opportunities. AJN Accountants, as specialist contractor accountants, can provide bespoke tax planning for the 16/17 tax year to ensure you minimise your tax and maximise your contractor take home pay.

take-home-more-this-year-by-saving-tax It's only natural to want to take home at least a little more income year on year, and "pay-rises" of whatever kind are always welcome when contracts are renegotiated or the business profit exceeds that of the prior year. However, independently of increasing your income, fine tuning your financial position by ensuring you are maximising all known tax-breaks, can often leave a little more in your back pocket, with no extra work.

budget-2016Today's Budget announcement did not bring too many surprises, or big changes, relevant to contractors and freelancers. Much of the speculation around pensions did not come to light this time around, and the bill is still underway regarding Elective Resolutions, and winding up limited companies tax-effectively.

possible-changes-to-pension-tax-relief

Pension tax relief is one of the most valuable tax breaks available and every individual who is a UK resident, under age 75, can benefit. The government encourages this saving as a means to support retirement planning in a country with a growing older population, and subsequently pays part of your contributions in the form of tax relief.