There are two ways to maximise your take home pay as a contractor - by negotiating the best contract rate, and by not paying more tax than you have to. … [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.
Since 7th January 2013, rather than remaining a benefit paid to all regardless of wealth, families where one parent earns £50,000 or more per year are not entitled to receive the full level of child support. … [more]
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]
In this Contractor FAQ, one of our readers asks whether her relative lack of experience in the permanent world would be a problem when searching for her first IT contract role. … [more]
One of the main attractions of working via your own company is that the liability of shareholders is limited. So, to what extent is the liability of company directors limited? … [more]
HMRC will assign you a tax code to inform your employer (often your own company) to help them calculate how much tax should be deducted from your salary. Here we look at what the series of numbers and letters signify, and how they affect your income. … [more]
If you're about to start a new contract, or if you’re coming up for renewal, these tips may come in handy to help you maximise your earning potential, whilst keeping on the right side of your agent and prospective client. … [more]
Have you ever wondered whether it is worth including a covering letter when you submit your CV for a prospective contract position? … [more]
Around 30,000 estates were subject to Inheritance Tax (IHT) during the 2016-17 tax year - a rise of 11,000 in just three years, driven mainly by the rapid rise in nationwide house prices. … [more]
If you're looking for a change from traditional employment, or you're a client looking for short-term professional help with a problem, IT contracting may provide the perfect solution. … [more]