Average contract rates have remained static over the past decade, thanks to increased competition and outsourcing, so here we explain why it is more important than ever to maximise your potential earnings as a contractor. … [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.
In determining whether a person’s contract work will be caught by IR35 or not, a number of key ‘factors’ are used to establish employment status, including elements such as the right to substitution, control, mutuality of obligation, and other … [more]
It is hard to forge a successful contractor career without having to negotiate some tricky situations along the way - both those involving recruiters and clients, and a multitude of potential 'administrative' problems which may arise. … [more]
As a limited company owner, you may feel that the tax system does you few favours. However, all is not lost, as there is still one benefit available to contractors each year - albeit a small one. … [more]
If you're self-employed, a company director, or have received income during the tax year upon which tax is due, you have to complete a self-assessment tax return (SATR) each year. … [more]
You may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account”. What do these terms mean, and what information can these documents provide you about your company? … [more]
The 2019 Loan Charge has been condemned by a House of Lords committee, which claims that 'disturbing evidence' shows that HMRC has misused its powers in collecting the retrospective tax. … [more]
Capital Gains Tax is charged to you when you sell or dispose of an asset and it has grown in value, or you have gained a profit out of the sale. Here we look at how the CGT rules work in practice. … [more]
To ensure that any contracts you undertake are not caught by IR35, you need to be able to demonstrate that you are not a disguised employee, but truly working in the manner of a small business owner. In other words, can you show that you are 'in … [more]
In the latest in a series of articles which tackle common IR35 questions, Martyn Valentine turns his attention to contract duration, and whether the length of an assignment has any bearing on IR35 status. … [more]