With new dividend tax rates commencing on 6th April, many contractors will be keen to draw down dividend income from their companies during the remainder of the 2015/16 tax year. With this in mind, we look at the crucial issue of timing and when, … [more]
First Timer or Veteran IT Contractor?
Our site provides all the information, tools and resources you'll need to operate a successful professional contracting business - whether you're thinking of taking the plunge, or even if you're a seasoned pro.
Several significant tax changes are set to take effect from April 2016. Here, a leading accountant explains what the likely impact will be, and why the limited company model remains a smart choice for contractors. … [more]
In the cut and thrust of modern-day contracting, flexibility is king; and the ability to be able to travel with work, and work effectively remotely has never been more important. We consider how you can you achieve the ultimate goal of a virtual … [more]
If you receive any services or benefits from your contractor company, in addition to your salary, they may be classified as 'benefits in kind' - and taxable. Here, we look at how such items may be taxed, and some of the common errors made by … [more]
The Employment Allowance reduces the National Insurance costs for most employers, including contractor limited companies. However, this is all set to change from April 2016 when many contractors will not longer be eligible to claim it. … [more]
Thousands of contractors face enormous tax bills after a Tribunal ruled that HMRC could retrospectively tax an Isle of Man based tax avoidance scheme, despite its structure being legal at the time of operation. … [more]
LinkedIn has become an increasingly important tool for the budding IT contractor in recent years. In an increasingly urgent online world, there may even come a time, when possessing a LinkedIn profile becomes a prerequisite to securing a new … [more]
As a result of announcements made during the last Budget, contractors will have to potentially negotiate four pieces of new tax legislation. Here we set out the main aims of each tax proposal, stripped of as much jargon as possible. … [more]
Many clients carry out a series of checks on contractors before offering them a new role. With the help of an expert, we look at what pre-employment screening involves, and how it may affect you. … [more]
Depreciation is the accounting term for the devaluation of assets over time. Here we look at how any assets you may buy (such as a new server or PC) are treated for tax purposes in your company accounts. … [more]