tax information guidesWelcome to the Free Stuff Area

Our aim is to provide you with jargon-free, basic tax information and legislation guides for all that you need to know when working with the cps group. These guides will hopefully allow you to make more informed decisions about your work life.

Please feel free to download or print.

Being a Sole Trader Guide

tax guide for sole traders
Being a Sole Trader Guide

A Self-Employed sole trader, or sole proprietor, is defined as a business that is owned and controlled by one person who takes all the decisions, responsibility and profits from the business. Accountancy services from your sole trader are specifically designed to support this vital group of contributors to the UK industry.

Contractor Insurance Guide

Business Insurances Guide

As a contractor, whether you’re self-employed or employed, you will need to have the relevant insurances. This guide explains Public Liability, Employers Liability and Professional Indemnity insurances and why you need them.

Guide to Expenses through Employment

Guide to Expenses through Employment

This is a friendly guide only to let you know about the expenses you can claim for whilst employed by your umbrella. To view the full company expenses policy please click here.

Guide to Operating Under the Construction Industry Scheme (CIS)

Guide to Operating under the CIS Scheme

The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry. If you’re interested have a look at the your cis site.

Guide to Running Your Own Limited Company

Guide to Running your own limited Company

Whether you’ve decided to go ahead with your own Limited Company through your psc or you want a bit more details about how it all works, this is the guide for you. It explains all the processes, benefits and responsibilities of running your own Limited Company.

Guide to self-employed expenses

Self-Employed Expenses Guide

As a self-employed person you can claim certain business expenses against your tax liability at the end of the tax year. These expenses are not paid back to you in cash or bank transfer. The expenses you have will simply reduce the amount of money you actually have to pay tax on.

Guide to UK taxation

Guide to UK Taxation

This guide gives a slightly more in detail explanation to the different taxes on income and expenditures that are charged in the UK and how they are collected.

 

Guide to working in the UK for the first time

Guide to Working in the UK

Coming to the UK to work is a fantastic opportunity for any foreign national. Before you can start working here there are many factors to be taken into consideration. We hope this guide answers some of those many questions and helps you on your way.

 

Legislation Guide – AWR

Legislation Guide - AWR

These regulations are being introduced on 1stOctober, 2011 following a European Union Directive which aims to ensure that low paid agency workers are given the same basic rights as their permanent colleagues for pay, holiday pay, working hours and company benefits after completing 12 weeks employment.

Legislation Guide – Employment Agencies and Employment Business Conduct Regulations

Employment Agencies Act and more

These are regulations set out to make sure that employment or recruitment agencies treat both their workers and their clients fairly. They have been updated several times in recent years.

 

Legislation Guide – IR35

IR35 Explained

The IR35 or Intermediaries Legislation was introduced in 1999 and aimed to distinguish the differences between an employee and a contractor. This meant people could not be paid through a Limited Company if they were a ‘disguised employee’.

Legislation Guide – MSC

Legislation Guide – MSC

The Managed Service Company Legislation was announced in 2007 and was introduced to ban providers from allowing multiple contractors to be paid
through Limited Companies, known as Composite Companies, if they were not truly self-employed and had no responsibilities with regards to  running and managing the Limited Company. You are of course perfectly allowed to operate through your own personal service company, as provided by your psc.

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Legislation Guide – The Bribery Act

Guide to the Bribery Act

This was introduced in 2011 and is designed to stop bribery and corruption in the UK in the public and private sectors. There are four new criminal offences which you can read about in this guide.

Legislation Guide – Working Time Directive

Legislation Guide – Working Time Directive

This legislation also came from a European Union directive and was designed to make sure that all contractors are entitled to a minimum amount of holiday, paid rest breaks and the right to rest. It also restricts the amount of night work that a contractor can do.

Using an Umbrella Company Guide

Using an Umbrella Company Guide

This handy guide explains the ins and outs of being paid through an umbrella company, so put your mind at rest if you’re not sure how it all works. If you decide you are interested in this service, have a look at the your umbrella site.

Your Umbrella – Holiday Request Form

Holiday Pay Request Form


We hope you have found the above guides useful, however, if you have got any outstanding questions regarding any of our products, don’t hesitate to call us on 0844 854 5230.