The latest on the loan charge
The loan charge is about tax avoidance. A subject that has been in the news a lot since the Great Recession of 2008-2009. For many taxpayers, particularly contractors, it has been a worrying decade. It’s not been worrying because contractors have set out deliberately to not pay what they owe. It’s been worrying because tax […]
How will Brexit affect Contractors?
The clock is ticking for the UK as we prepare to leave the EU. After two years of negotiations, debate and constant news updates, our membership is set to end on 29th March 2019. While there has been plenty of discussions about the impact on big, multi-national businesses, the affect it will have on contractors […]
What Does the Good Work Plan Mean for Contractors?
The Government has finally published its Good Work Plan, following findings in the Taylor Review. It includes changes to workers’ rights and employment status, some of which will impact contractors in the future. Read on to find out what exactly is going to change, when the changes will come into force and how it will […]
Making Tax Digital
HMRC’s Making Tax Digital for VAT rolls out on 1st April 2019. This marks the end of paper record keeping for millions of businesses, self-employed workers and contractors in the UK. The mandatory scheme has been designed to digitize and improve the UK tax system. Making it more efficient, effective and easier for taxpayers. Yet […]
Negotiate Contractor Rates like a Pro
What are the best ways to encourage your clients, new and existing, to pay you more for your expertise? Talking about pricing is something which scares many contractors. It’s hard to balance the feeling that you’re worth more against the fear of losing a contract. Know what your competitors are charging While the temptation may […]
Setting and achieving your goals for 2019
According to research, a whopping 92% of those that set new year’s goals don’t go on to achieve them, resulting in a mere 8% success rate. But there’s some powerful science to back up the importance of goal setting. It not only guides your focus but helps to sustain the momentum to accomplish your ambitions. […]
Most common tax errors made by contractors
For most contractors, tax is something they both accept they have to pay and worry about. Tax legislation is much more complex than a single sided piece of paper. Contractors have a chance to enjoy better tax arrangements than their full-time employed colleagues. Albeit at the expense of holiday pay, sick pay, and other benefits […]
Everything you need to know about contractor mortgages in 2019
With the number of self-employed contractors and freelancers rising over the last decade, how has the mortgage market reacted to this seismic change in the British workforce? According to research carried out by Aldermore Bank and reported in the Guardian, 30% of self-employed homeowners believe that they have a harder time getting a mortgage than […]
You missed the self-assessment tax return deadline – now what?
Over 11.5 million taxpayers were required to file their 2017/8 tax returns by 11:59pm on the 31st January 2019. This year, around 700,000 returns were submitted on deadline day. Whilst over 700,000 people missed the self-assessment tax deadline. HMRC revealed some of the strangest excuses they received from customers who had missed the date. One […]
How contractors can beat office politics for fun and profit
Office politics. Who needs it? Certainly not contractors. By striking out on your own and choosing the work you want to do, you’re surely above the fray now. That might be the theory but it’s not always the practice. According to the results of a survey of 1,000 contractors reported in Computer Weekly. 62% say that […]
