IT Contractor Essentials
Practical guides, calculators, industry news and advice to help you set up and run a professional contracting business.
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
Read the 10-Step Guide →
If you buy a car via your own limited company, there are several tax considerations to bear in mind. Read this no-nonsense guide to calculate the tax cost for the 26/27 tax year. … [more]
For many IT contractors hearing the word “networking” causes a cold shiver to run down their spines. It conjures up images of stuffy conference rooms, drab food and forced awkward small talk. … [more]
Capital Gains Tax is charged when you sell or dispose of an asset which has grown in value, and you have made a profit from the sale. Here, we examine how the CGT rules work in practice. … [more]
Most of the traditional tax advantages available to limited company contractors have been reduced over time. Even so, there are still some savings to be had if you are considering an electric car. … [more]
Changing accountants can be a challenging time for company directors, even if the handover process goes smoothly. This article explores whether there is an optimal time of year to move to a new firm. … [more]
Most contractors spend significant time at computer screens. With this in mind, can your company claim the cost of an employee's eye test? And, what about the cost of corrective glasses? … [more]
Not all contractors begin work with a signed contract in place. Here, we consider the risks this may entail and why a contract need not be in writing to be legally binding. … [more]
How are subscriptions to professional and trade organisations treated for tax purposes? And what determines whether or not your membership of a particular organisation is tax-deductible? … [more]
When running a limited company for the first time, you’ll come across lots of new accounting terminology. When it comes to payroll, one term you may encounter is the P11D. … [more]
Limited company owners cannot offset the cost of standard work clothes against tax, although there are some interesting exceptions. Here we look at how HMRC treats clothing expenses. … [more]
