Flexible working: Pros and cons
There’s no doubt that we’re now living in the era of flexible working. Of course, for contractors and freelancers, this trend of choosing how long, where and when you work is nothing new, but now it’s not just the self-employed who are empowered to manage their schedules. In the UK, nearly-two thirds (64%) of employees […]
IR35: It’s controversial, it keeps changing, but it’s here to stay…
Our specialist IR35 accountants have made this infographic which takes you through the basics of IR35 legislation. For more IR35 information download the free IR35 guide.
Contractors, you’re not alone! Find out how to make more connections within the community
Contractor networking for introverts
Sharing, talking and mingling drains you of energy. Most of the time you’d rather just focus on your work. You’re a private person, so sharing feels awkward. If the above describes you then you may be a bit of an introvert, which isn’t necessarily a bad thing. It’s common for introversion and shyness to get […]
What insurance do you need as a contractor?
When starting up as a contractor, taking out appropriate insurance should be one of the top things on your to-do list. Why do you need insurance as a contractor? Rather than being just another cost to factor in, insurance can help you secure that first contract, as most clients and agencies will insist that you’re […]
What you need to know about IR35 regulations
Familiarising yourself with numerous legislation is just one of the many tasks involved in setting up your own business. But for contractors, specifically, IR35 legislation is crucial to get to grips with. What is IR35? IR35 is a type of tax legislation put in place to prevent contractors from limiting their tax liabilities by […]
Which business model is right for a contractor?
Dividends – how often should I take them, and when are they taxed?
Dividends can sometimes be difficult to understand and many contractors find themselves wondering when they should take them and when they actually get taxed? In this blog we answer these two questions and cover the timing and tax point of dividend declarations. Question 1: When are dividends taxed? Is it when they’re paid, or the […]
How to set up a new company
While setting up a Limited Company tends to involve more costs and admin than operating as a Sole Trader or under an Umbrella agreement, it also offers a wealth of benefits. Among them are greater tax efficiency, less personal liability and more control over your contracting business and personal finances. If you’re certain that your […]
The pros and cons of a Limited Company for a contractor
After much deliberation, you’ve decided to go it alone and set up as a contractor. You’ve polished your CV and LinkedIn profile and have started looking for your first contract, but you’re yet to decide on one important factor: your new company’s trading structure. As a contractor, you can either choose to set up as […]