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Contractor Tips - News and Views
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Beware Paths Paved with Good Intentions
It can be dismaying for politicians to discover that legislation formulated from entirely laudable principles can end up producing all manner of untoward and unanticipated consequences. Many industry voices are warning that the new Agency Workers Regulations, which we reported on here recently (see “Clear as Mud? The Impact of Agency Workers Regulations on Contract [...] -
Why Dodging the Christmas Party Might be Good For You
Recent advice aimed at technical and engineering contractors working in the oil and gas industries has a good deal of relevance for all UK Ltd Company contractors. The legal and commercial director of the energy recruiter NES, Stephen Rookes, was speaking at a breakfast seminar in the Marcliffe Hotel in Aberdeen, addressing the likely impact [...] -
10 advantages to setting up a Limited Company
If you’re considering shifting from permanent employment to contracting, the first decision you will probably make is whether to operate as a sole trader or set up a Limited Company. Scott Brown from 1st Contact Accounting gives his top 10 reasons in favour of the latter. 1. “The liability benefit” Probably the biggest benefit to going the [...] -
Don’t Cast Your Fate to the Wind – Get a Business Plan
It usually goes without saying that small freelancers making a living out of contracting via their own Ltd Company are often leading very busy lives. But a new report from business insurance experts SimplyBusiness.co.uk suggests that working flat out is not in itself sufficient to keep your business alive and well. For many SMEs in the [...] -
Contractor Question – What tax payments are needed when paying Dividends?
Question – What tax payments are needed when paying Dividends? Contracting Expert David Hughes of Rodliffe Accountants responds…. Corporation tax When declaring dividends from a business they are done as a declaration of profit and will therefore suffer Corporation Tax before being declared. This is charged (for small companies with profit below £300,000) at 21% and will reduce [...] -
Contractor Tip – Call 0800, 0808 & 0500 Numbers Free From Your Mobile
This useful tip has been submitted by Contracting Made Easy reader Simon Jarman, Simon has been a Contractor for 7 years and was always frustrated that certain so-called free telephone numbers were not free from a mobile. Simon sent us details of a service called 0800 buster that makes calls to these types of numbers free [...]