From April 2017, many small limited companies which have low annual costs will face a higher VAT liability if they use the Flat Rate (FRS) scheme. Here, we look at how the changes are likely to affect contractors. … [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.
If proof were needed that successive governments seem hellbent on removing any of the final benefits associated with limited company contracting, then this year's Autumn Statement may provide just just that. … [more]
As a contractor, your client may require you to travel as part of your contract duties - whether this involves a quick meeting on the other side of London, or an international trip for a week. … [more]
Many people have outstanding student loans when they start contracting, but how do you calculate and make repayments if you're working for yourself, and not a 'traditional' employer? … [more]
If you're a limited company contractor, before 31st January next year you are likely to have to sit down and get to grips with your Self Assessment Tax Return (SATR). Unsurprisingly, this annual task is rarely a popular one, and errors are easy to … [more]
When you start contracting with a new client, there are a number of things you should put in place to ensure that you get paid on time. Here, a credit control expert outlines the steps you need to take to ensure your invoices and payments are … [more]
With hundreds of prospective accountancy firms to choose from, we look at the monthly fees charged by some of the UK’s leading specialist accountants, and the services you should expect to receive in return. … [more]
However you decide to work as a contractor – via your own company, or an umbrella – or if you’re a self-employed freelancer, you must keep your financial records safe for a number of years. How long depends on the type of tax. … [more]
As a limited company owner, you may feel that the tax system does you few favours. However, all is not lost, as there is still one benefit available to contractors each year - albeit a small one. This is the favourable tax treatment of your annual … [more]
There are many ways to find contract work - both directly with end-clients, or via recruitment agencies. At times when the market is flat, it is more important than ever to make the most of all available channels to maximise you chances of securing … [more]