Here are the key points from the Spring 2017 Budget - including news that the dividend allowance will be reduced from April 2018. … [more]
First Timer or Veteran Contractor?
Very few contractors regret their decision to break with traditional employment and start out on their own. Our site provides all the information you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or if you're a seasoned pro.
The Intermediaries Legislation (aka IR35) was first mentioned in a 1999 Inland Revenue press release. The rules to counter alleged tax avoidance via the use of ‘personal service companies’ became law in 2000, and remain in place today. Here we look … [more]
HMRC's long-awaited employment status test has gone live, just over a month before the new public sector IR35 rules take effect. … [more]
Most contractors work via their own limited companies. Aside from the tax benefits this structure offers its shareholders, the liability of directors is also limited. … [more]
As well as prerequisite business and technical skills, there are a number of character traits you’ll need to possess (or improve upon) to become a successful long-term contractor. … [more]
If you choose to contract via your own limited company, you will need to hire an accountancy firm to look after your tax and accounting needs (unless you're confident of doing this on your own!) … [more]
One of the most frequent questions asked by contractors is "what health-related expenses can I pay via my company?" … [more]
HMRC has published a series of documents outlining the forthcoming 'off-payroll' IR35 rules for contractors working for public sector organisations. … [more]
An online petition has been launched, urging the Government to scrap the April 2017 IR35 changes for contractors working in the public sector. … [more]
If you decide to start trading via your own limited company, you may at first be put off by the perceived 'hassle' associated with being running the company, and becoming a director. However, if you hire a reputable accountant and undertake some … [more]