Resources For Contractors

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New to contracting? Looking to increase your knowledge? We have something for you.

Our resources for contractors are impartial, giving you all the information you need to contract with confidence. Whether you need to understand the ins and outs of IR35 or how your pension auto-enrolment works, we have the guide you need.

Looking at taking out insurance as part of your contractor accounting package? Click on Business Insurance to see what’s included whenever you take out an accountancy package with SG.

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Useful guides

Whether you’re new to contracting or a seasoned pro, our guides will help you navigate the world of contracting with helpful information and advice.

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FAQs

Our Frequently Asked Questions will help unearth some of the key enquiries contractors may have before or during taking on a contract.

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Take Home Pay Calculator

At SG Accounting we take a different approach to understanding your take home pay.

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Our latest posts

Coronavirus business support measures explained

By |March 23rd, 2020|Categories: Coronavirus, News|

This guide covers all of the business support measures announced by Rishi Sunak in March and is being updated as and when new initiatives are launched or changes are made to existing ones. Please bookmark this page to keep up to date. Last updated 17th June 2020: Changes to the Job Retention Scheme Additions to Grants for the self-employed Contents [...]

Your guide to Contractor Mortgages

By |June 17th, 2020|Categories: Finance|

Making the decision to purchase a property, whether that’s your first home, or if you’re planning on moving up the property ladder, is a huge and exciting step. It can be made more complicated when you throw into the mix that you’re a self-employed contractor, and you don’t have what some banks/lenders view as a ‘stable-income’. In the past, this [...]

How can I carry out a credit check on my customers?

By |May 27th, 2020|Categories: Finance, Running your business|Tags: |

Many people love the idea of running their own business but are concerned about the stability of self-employment. In theory, it should be simple; you do the work, you invoice your customer and they pay you. But there may be times when you come across a customer who says they aren’t in a position to pay your invoice right now. [...]

Tax planning for 2020/21

By |April 2nd, 2020|Categories: News, Tax|Tags: |

For the 2020/2021 tax year, tax allowances and rate bands have, in the main, remained the same. 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 tax-efficiently for 2020/2021 Use the optimum salary levels for 2020/21. There are two main scenarios for [...]

Coronavirus business support – FAQ

By |March 31st, 2020|Categories: Coronavirus|

With Covid-19 (Coronavirus) having a massive impact on businesses across the UK, it’s understandable that our Limited Company contractors are keen to understand the business support measures that have been announced by the Government. We’ve created a guide to all of the measures that can be read here, and below you can read the answers to most frequently asked questions that [...]

Can I furlough myself as a Limited Company Contractor?

By |March 27th, 2020|Categories: Coronavirus, News, Salary/dividends|Tags: |

Under the Government’s Coronavirus business support measures announced this week, it has been indicated that some Limited Company contractors may be covered by the ‘Job retention scheme’ and therefore can furlough themselves if unable to work due to Covid-19. There is a distinction in law between a director with a service contract and a director with an employment contract although [...]

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