OrangeGenie Apr 29
Checking out for the #weekend now, have a great long one followers! https://t.co/d5eRijke6x
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If you are looking for information relating to contractor accountants or thinking of setting up a limited company, use this area of our website to obtain extensive information provided to you from Genie Accountancy. You can either view our YouTube videos - explaining how to use the FreeAgent software, download our guides with instructions on how to use FreeAgent (which you can download and print off should you wish) or simply take a read of our general guides.
Scroll down to find the appropriate section for your enquiry.
We like to make life that bit easier for you with the use of FreeAgent, an online accounting software. This video is roughly 15 minutes and will cover all the areas you as a contractor client of ours will need to know. We suggest you take a thorough look and if you have any questions please get in touch.
How to create a contact
This guide sheet takes you through how to upload a project using the FreeAgent software.
This guide sheet has been created to demonstrate how to create a task using the FreeAgent software.
How to create a time sheet
How to create an invoice without time tracking
How to amendan invoice.
How to enter bank details on an invoice
How to upload a bank statement
Automatic bank feeds
Setting up bank feeds.
Company credit card
How to explain bank transactions
How to enter an expense
How to enter a mileage claim
How to enter a bill
How to find your payslip
How to find a dividend voucher
Tax time line
Profit and loss table
Locked periods
Genie Accountancy and Kingsbridge Contractor Insurance are working together to offer you a comprehensive, inexpensive and compliant business insurance solution designed specifically for freelancers, contractors and independent professionals in the UK.
From April 2016 a new tax-free Dividend Allowance will replace the Dividend Tax Credit. The rates of tax applied to dividends are also changing and these changes will affect anyone who has dividend income. To find out more about the new rules, how they will affect you and what you should do, download below.
Take a look at our latest guide sheet with the most Frequently Asked Questions by Limited contractors and professional freelancers.
Here is the Genie Accountancy guide to Childcare Vouchers. For further information, please do not hesitate to ask your dedicated accountant.
High Street vs Specialist Accountant.
There is a case study at the end of this guide detailing a real life case study about how Genie Accountancy saving a client thousands of pounds by switching over to a specialist contractor accountant as a pose to sticking to their hight street local accountant.
P11D - Expenses and Benefits
An introduction to Self Assessment
Should I give my spouse or partner shares in my company
VAT Registration and Flat Rate Scheme
This guide has been created to give you a quick demonstration of how the relationships work between you, your Limited company and the agency/ end client.
It explains:
The Internet has completely revolutionised marketing communication and made sourcing prospect clients of your own more accessible than ever imagined 10 years ago. It has increased the ability to get your brand known too and not just to anybody, but to a specific target audience relevant to you. There are many internet marketing tactics you could start using (and if you are already using, then start to use properly).
These include:
However, we now take this for granted as both a business and a personal communication tool, and it is now seen as an everyday means of communication. There is a number of ways you can utilise the internet to help you grow your business, build awareness and help find your next contracting role.
This guide sheet explains how you can extract money from your limited company.
This guide visually demonstrates the different relationships between you, your Limited company, the agency and the end client. With so many relationships involved, it can be easily misunderstood who actually communicates with you and we hope this diagram makes it all a little clearer for you. Click below to down load the guide and print it off.
For a more in-depth explanation please contact a member of staff who would be more than happy to help you with any queries you may have.
This guide will take you through contractor mortgages, pensions, income replacement, life insurance, relevant life cover as well as covering university fees.
Click below to down load the guide.
In carrying out assignments for your company you will incur legitimate business expenses which you are allowed to claim as an allowance against tax. Getting back what you’ve paid out is important although working out what you can and can’t legitimately claim can be difficult. This document is written to help you understand the rules and regulations.
Click below to down load the guide.
There are many things to consider when opening and running your own limited company. This guide covers everything you need to know from company formation, share structures, opening your bank account, insurance, statutory filling, record keeping and expenses to; company cars, closing your company down and understanding your accounts.
Paying tax is inevitable but you can manage your financial affairs to minimize the impact of tax for you, your family or your business. Whilst aggressive tax avoidance is now being targeted by HMRC, legitimate tax planning is still available.
This guide reflects the tax allowances for 2013/14 and revised amounts for 2014/15.
Click below to down load the guide.
Genie Accountancy has produced this guide to illustrate the importance of selecting the correct accountant, an accountant who will strive to support your business and truly help you achieve your business aspirations.
This guide goes through all the things you need to be a successful contractor, what's involved and what to look out for.
IR35 Legislation was introduced in 2000 by HMRC in order to tackle what they regarded as “disguised employees”, with an aim to increase tax collected from those individuals who set up a business in their own account.
This guide goes through IR35 in depth and is most certainly worth a read.
Click below to down load the guide.
Checking out for the #weekend now, have a great long one followers! https://t.co/d5eRijke6x
RT @Genie_Umbrella: Take a look at the most commonly asked questions we get from people looking to join us >> https://t.co/wzcDTBkdvE https://t.co/5rlehPRAKl
“Beverly talked me through how to run my business over the phone in 30 mins… BAM!!”
I will definitely recommend people to use this company; I am completely satisfied with Genie Accountancy’s support and good admin processes.
Lauren and you have made the transfer so much easier. I appreciate the time you have taken to walk me through everything. I'd be lost without you guys in all of this.