Once you’ve decided that IT contracting is the life for you, what happens next? Here are the 10 steps you’ll need to take to become an IT contractor in 2021… during a very challenging time.
Our Key Guides
Here is a selection of the most popular and relevant contractor guides we have on the site. If you're new to contracting, this is the best place to start!
Dividends – what are they, and how much tax do you pay?
The profits generated by UK companies of all sizes can be distributed to shareholders in the form of dividends. Limited company professionals, such as contractors, typically draw down the bulk of their earning as dividends.
The optimum salary for limited company directors in 2020/21
If you are a limited company director, what is the most tax efficient salary to pay yourself in 2019/20? This depends on your eligibility to claim the Employment Allowance.
April 2021 private sector IR35 changes – what happens now?
The IR35 ‘off-payroll’ rules will be extended to the private sector on 6th April 2021, directly affecting a large number of contractors. What exactly does this mean, and what should contractors and clients do to comply with the new legislation?
What is IR35? – the impact on contractors
An overview of the Intermediaries Legislation (IR35), specifically how it affects limited company contractors. How to determine your risk of being caught by IR35, and how to protect yourself against a potential HMRC tax investigation.
Limited or Umbrella Company – which is best?
Which type of business structure should you use? A basic overview of how limited and umbrella companies work, and some of the pros and cons of using each structure.
IT contractor rates – how much are your skills worth?
The contract rate you can command is affected by a number of factors – both market-driven (the state of the economy, your location, and skills), and individual ones, including your individual powers of negotiation.
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