Recent posts

What Do You Have To Do To Become A Contractor?

Students as well as others who want to become contractors and build their own businesses should first find out how they can become a contractor. It is a goal that anyone can achieve, though it takes some time and experience. However, a career as a contractor can be a lucrative one. The steps involved in becoming a contractor, right from ... Read More »

Some Guidelines For First-Time Contractors

To move from permanent employment to contracting is a tough decision to make for many people. This is because of the myths associated with contracting jobs some of them being the income may not be much more than that one can get in a permanent job, skills will become outdated, contractors are liable for costly errors, etc. These are not ... Read More »

Freelance: The Way Forward In IT?

Are we seeing the end of the concept “Job for life”? If yes, is freelance work and contracting the way forward when it comes to information technology? The option of working as a contractor or a freelancer is always open for experienced IT professionals. The main reason as to why many of them take up contacting is that it presents ... Read More »

Umbrella Company – How Does It Work

When a contractor enters into an agreement with a client or an employment agency, the umbrella company becomes the contractor’s employer for tax purposes. This offers an alternative to establishing a Limited Company by the contractors themselves. Further, if the contractor’s agreement is outside the purview of IR35, it becomes a very cost effective operation. The umbrella company issues the ... Read More »

How to Market Yourself as a Freelancer

It is great to be a freelancer as you will be your own boss and you can take up projects that you are interested in working on. However, you need to market yourself well in order build a good clientele. As a freelancer, you have to be an expert in your own field as well as marketing your skills. Set ... Read More »

How To Set Up A Limited Company Correctly

One of the most preferred legal business structures in the United Kingdom, other than being a sole trader, is a limited liability company. This business structure, as the name implies, is one wherein the liability of the directors of the company is limited. The company’s finances are treated as separate from personal finances of the directors. This is not so ... Read More »

Limited Company Vs Sole Trader

The legal setup of the business that you are planning to start is a big aspect that you need to decide. It is better to seek the services of a qualified accountant, if you are not quite sure about such matters. Benefits Sole Trader vs. Limited Company Most businesses make losses in the initial stages. If you have left a ... Read More »

New Accounting Advice Site For IT Contractors

Contract Eye Limited, a publisher of business information, has launched a brand new microsite ITCA, specifically meant for IT contractors based in the United Kingdom. This is useful for those contractors who find it necessary to hire services of specialist accounting firms. Contract Eye Limited is a highly sought after business information provider in the United Kingdom for contractors and ... Read More »

New Recruitment Rules: How Do They Affect Umbrella Companies?

In the United Kingdom, new laws that have come into force from October 2012 last year require employers to enrol their employees automatically into a pension scheme. Additionally, it is also mandatory that the employers pay minimum pension contributions to the employee’s pension fund. The minimum contribution to be made by the employers starts initially at 1% and subsequently increases ... Read More »

News Alert: Tax Avoidance at the Top of Government’s Agenda?

In the New Year, the government seems to be giving top priority to tackle tax avoidance and evasion issues with global companies not paying UK corporation tax, celebrities having personal tax arrangements and actual owners of high-end properties that are held through overseas companies brought to light by the media. Most people agree that it is important to pay taxes ... Read More »