IT Contractor Essentials
Read our step-by-step setup guide, with everything from navigating IR35 to submitting your first invoice.
Read the 10-Step Guide →
If your entire income is taxed under PAYE, you don't have to complete a self-assessment form for the 2023/24 tax year if you earned less than £150,000. This filing threshold has been scrapped altogether from 2024/5 onwards. … [more]
A leading compliance firm has warned umbrella company workers to be aware of the latest scam to hit the industry - in the form of 'Ghost Payroll' schemes. … [more]
For software developers and digital agencies, source code is the stock in trade; it’s what you do for a living and what you’re paid for. But who owns the code once it has been written? … [more]
If you've traded cryptoassets for a profit, you might assume that any gains you make are tax-free. However, this is not the case. … [more]
2024 is shaping up to be an interesting year. With global conflicts, an upcoming UK general election and the US presidential election later in the year, there is a lot of uncertainty in the air. How is the contracting market faring at the moment? … [more]
If you are contracting via a limited company, you may have considered paying your spouse a salary. Here’s what you need to know about the tax and payroll rules. … [more]
The issue of splitting limited company shares with a spouse or partner has been the subject of much confusion and debate over the past few years. … [more]
At IT Contracting, we've been asked this question so many times over the past 15 years. Unsurprisingly, there is no single authoritative source to help answer this question. … [more]
When paying dividends to shareholders, the first thing a company's directors should do is check how much profit is available to be distributed. But what happens if you have overpaid dividends? … [more]
When you incorporate your limited company, you may have assets which you want to transfer into it. But how do you go about this, and what tax rules should you be aware of? … [more]
