With the planned extension of the IR35 off-payroll rules to the private sector due to go ahead in April 2020, a campaign to stop the damaging reforms from going ahead has been launched this week.
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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.
Latest Articles
Why it is hard to secure contract work as a sole trader
Setting up as a self-employed person (i.e. becoming a sole trader) is the most hassle-free route to getting started in business. However, despite this, there are a number of compelling reasons why you'll find it almost impossible to find recruitment … [more]
Key things to look out for before signing a contract
Due to the emphasis often placed on IR35, contractors may enter into contractual agreements without fully understanding the practicality and implications of the other provisions contained within them. Here are some typical things to look out for … [more]
How the Dividend Allowance works – including an example
The 'dividend allowance' was put in place in April 2016 - it means that the first £2,000 of dividends you receive are tax free. But how does this allowance work in practice for company owners? … [more]
Accidental contracts – take care when negotiating with clients via email
In this article, commercial solicitor Leigh Ellis explains why contractors should be careful when negotiating with potential clients, as you could unwittingly enter a binding contract during an email conversation if you don't use the correct … [more]
Limited company or PAYE umbrella – comparison table for contractors
Almost all contractors who provide professional services to clients trade via their own limited companies, or join PAYE umbrella schemes. Here we've compiled a table to help compare the pros and cons of each structure. … [more]
How to calculate student loan repayments as a contractor
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]
Claiming computer hardware and software expenses via your company
If you need to buy a new PC, or upgrade your software, how are these expenses treated for tax purposes? Here we explain how technology costs are accounted for, and look at the rules which govern the treatment of computer-related purchases. … [more]
Employment Allowance – is your limited company eligible?
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £3,000 per year. So, can your limited company benefit from this tax incentive? … [more]
National Insurance for limited company contractors
In addition to your personal income tax liability, if your contracting salary is above the prevailing thresholds, both you and your company (limited or umbrella) will need to pay National Insurance Contributions to HMRC. … [more]
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