Churchill Knight & Associates Ltd.
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Providing accountancy services for contractors in London and the UK. Keeping you informed on news relating to your industry.
Churchill Knight & Associates Ltd.
1d ago
To help you get into the spirit of the upcoming Euro 2024 tournament, Churchill Knight is sharing a free to download PDF Euro 2024 wallchart, and it’s available now! Please keep reading for more information, including our predictions on who will emerge victorious in Germany this summer.
Download your free Euro 2024 wallchart now
The Churchill Knight Euro 2024 wallchart is available as a PDF document and PNG image file. It is also completely free to download! Simply click on the links below to download your Euro 2024 wallchart immediately.
Euro 2024 Wallchart (PDF File) – Click Here.
Euro 2 ..read more
Churchill Knight & Associates Ltd.
1M ago
Today (6 March 2024), The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget 2024 to the House of Commons. Our latest article highlights the key announcements made in the Spring Budget 2024.
Spring Budget 2024: Economic Overview
The Spring Budget 2024 is likely to be the last Budget before the general election, which is expected to occur later this year. The Chancellor announced that inflation will finally drop below the 2pc target “in just a few months”, according to the latest forecast by the Office for Budget Responsibility (OBR). The OBR has also announced that debt a ..read more
Churchill Knight & Associates Ltd.
1M ago
Salary sacrifice is a tax-efficient way to contribute to your pension and significantly boost your retirement fund. Our latest article explains how a pension salary sacrifice works and the benefits of using salary sacrifice for contractors.
What is pension salary sacrifice?
Your umbrella company may offer a pension salary sacrifice service, which makes pension saving more tax-efficient and is a great way to boost your personal pension pot significantly. If you choose to use the service, you can allocate a percentage or set amount of your pre-tax salary towards your pension. You can receive ..read more
Churchill Knight & Associates Ltd.
1M ago
Companies House has announced that it will increase fees from the 1st of May 2024. The new costs affect incorporation, a change of name, re-registration of a company, confirmation statements, and other services. Our latest article outlines the changes to Companies House fees you should know.
Why are Companies House increasing their fees?
Companies House review their fees annually to ensure they’re set at the right level as they are determined on a cost recovery basis. This means the fees must cover the cost of their services, and they do not profit from the fees charged.
A spokesperson for ..read more
Churchill Knight & Associates Ltd.
2M ago
In the 2023/24 tax year, February has an extra day due to 2024 being a leap year. This additional day means there are two days in week 53 this year. Our latest article explains a week 53 payment and how it affects umbrella employees.
What is a week 53 payment?
A tax year is not always made up of an exact number of weeks, and in specific years, some weekly paid employees may be paid 53 times rather than 52 times, depending on the day of the week you are paid. In the 2023/24 tax year (which runs from the 6th of April 2023 to the 5th of April 2024), February has an extra day due to 2024 being ..read more
Churchill Knight & Associates Ltd.
4M ago
The self-assessment tax return filing deadline for the 2022 to 2023 tax year is the 31st of January 2024, but there are many benefits to filing now and beating the January rush.
Beat the January rush
January is one of the busiest months for HMRC, and on the 31st of January 2023, 861,085 customers filed online to meet the deadline – some with only a few minutes to spare. Thirty-six thousand seven hundred sixty-seven customers filed in the last hour before the deadline, and the busiest hour for filing on the day was 16:00 to 16:59, when 68,462 customers submitted their tax returns, according ..read more
Churchill Knight & Associates Ltd.
5M ago
Jeremy Hunt delivered his Autumn Statement 2023 to the House of Commons today (Wednesday the 22nd of November). Our latest article highlights the key points in the Autumn Statement that will affect contractors and freelancers.
The Autumn Statement 2023
Chancellor of the Exchequer Jeremy Hunt has unveiled his Autumn Statement in the House of Commons today. The Autumn Statement sets out the government’s tax and spending plans for the year ahead, affecting millions of people’s take-home pay and household budgets in the UK and setting out how much will be spent on crucial public services.
To re ..read more
Churchill Knight & Associates Ltd.
5M ago
In its response to the retained EU employment law consultation, the government announced it would introduce rolled-up holiday pay for all irregular-hours workers, including part-year and agency workers.
Overview of the Retained EU Employment Law Consultation
The government launched a consultation on retained EU employment law on the 12th of May 2023, and concluded on the 7th of July 2023. The consultation sought views on three key areas of retained EU employment law which could benefit from reform:
Simplifying annual leave and holiday pay calculations in the Working Time Regulations ..read more
Churchill Knight & Associates Ltd.
6M ago
Limited company directors (including contractors and freelancers with a personal service company) are being targeted by scammers posing as HMRC, Companies House and other government departments. Therefore, it’s extremely important that you read all correspondences carefully and do not make any payments or take action unless you are entirely satisfied the letters you have received are legitimate. Keep reading for more information, including an example of a fraudulent letter and links to helpful, official government guidance.
How can you spot a fake letter from HMRC, Companies House or a gove ..read more
Churchill Knight & Associates Ltd.
6M ago
If you work in recruitment, how much do you know about SafeRec? The AI-powered software is revolutionising compliance in the contractor payroll sector. This article explains the benefits of referring candidates to SafeRec Certified Umbrella Companies (such as Churchill Knight Umbrella). However, it’s not just your candidates who will reap the rewards. By referring candidates to SafeRec Certified Umbrella Companies, your agency will receive a monthly audit report, which will provide tangible proof that your candidates are being paid compliantly – something that, until now, had never been pos ..read more