Our Blog
Getting the rate you deserve – negotiating contract rates
Contractors who work in the IT sector were able to command some of the highest rates during 2018. According to data by ITjobswatch, in the six months up to 14th January 2019, the average day rate of an IT contractor [...]
What pensions can I get as a self-employed contractor?
It’s simple, all the healthy food we’re consuming and the hours of exercise we’re doing is making us live longer. According to the Office of National Statistics, the life expectancy for a man in the UK is 79.2 years, and [...]
Tax Planning for 2019/20
For the 2019/2020 tax year, tax allowances and rate bands have increased. In this article, we demonstrate what that means to contractors in real terms, and offer our advice for trading as tax-efficiently as possible. 3 ways to trade [...]
Can a limited company loan money to another limited company?
If you operate as a contractor through your own limited company, you may be asked, or you may want to loan money from your limited company to another. It may be the company asking for the money is a [...]
Making a will as a contractor
We all know that we should make a will, yet figures released in 2018 by Unbiased show that a staggering 60% of UK adults (approximately 31 million people) don’t have a will. Reasons given for not making a will include [...]
Our Managing Director’s take on the Spring Statement
The Chancellor has said before that the Spring Statement would be more of a fiscal state of the nation than an opportunity to announce new legislation but with the backdrop of the Brexit vote defeat last night and further votes [...]
Can I reclaim expenses from before I formed my limited company?
If you spent money on setting up your business before you incorporated it, you may be able to claim for some or all of these pre-trading expenses, as long as they are legitimate business expenses. This article looks at [...]
2019 Loan Charge
With less than one month until the changes on outstanding disguised remuneration loans (also referred to as 2019 Loan Charge) kicks in, we take this time to give you the low down on everything you need to know. Background to [...]
Pros and cons of a limited company
For many contractors, it makes financial sense to work through their own limited company. Plus, many organisations and agencies will only work with limited company contractors.We’re sure you’ve heard the many myths that surround setting up and running a limited [...]
Getting a mortgage as a self-employed contractor
Owning a home is a dream for many of us, but if you work as a self-employed contractor, you may have seen first-hand how tricky it can be to obtain a mortgage. That’s because mortgage lenders want to ensure you [...]
Overseas contracting: top things to remember when contracting abroad
If you’ve had enough of the British weather and pine for warmer weather, or, if you’re keen to try out working in a different country, then contracting overseas could be a great option. Plus, it’s never been easier to work [...]
Directors Loan: 5 things you should know
It’s not a well-known fact, but it is possible to loan money from your limited company. This is referred to as a Directors Loan, and it is defined as “money which is taken out of a limited company which [...]
Is my private limited company IR35 compliant?
Working as a contractor is an exciting career path, but it also involves understanding a plethora of tax regulations. One of the most complex areas of tax for contractors is the Intermediaries Legislation, otherwise known as IR35. Significant changes have [...]
What are my wages as the director of a private limited company?
If you’ve decided that 2019 is the year you will become a contractor, congratulations. Following the excitement of setting up your own company and choosing which contracts you want to work on, you’ll probably start to think about how you [...]
Contractors in 2019: Trends to look out for in 2019
A new year is an exciting time. New resolutions are made (and sometimes quickly broken), and new career goals are planned. If you’re an experienced contractor, you may be looking to branch out into a new area, or if you [...]
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