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]
What taxes do IT contractors have to pay?
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
IT contractors and the Higher Income Child Benefit tax charge
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]
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]
Do I have enough experience to be a contractor?
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]
In what sense is your liability limited if you run a company?
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 tax codes – how they affect your take home pay
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]
Top 20 contract rate negotiation tips
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]
Your CV – do covering letters still have a place in an online world?
Have you ever wondered whether it is worth including a covering letter when you submit your CV for a prospective contract position? … [more]
How Inheritance Tax (IHT) works
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]
So, what is IT contracting?
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]
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