Contractors

Welcome to our Contractors category, a dedicated space where we delve into the ins and outs of contractor life. As we move through 2023, contractors must stay informed about the latest trends, legislation, and best practices impacting their work and financial situation.

Our collection of articles covers a broad spectrum of topics relevant to contractors. Whether you’re a seasoned contractor seeking the latest tax law updates or just starting your journey into the world of contracting, we have the resources to guide you every step of the way. We explore topics such as contract types, tax legislation like IR35, insurance needs, and much more.

In this category, we aim to provide valuable insights and practical advice to help you navigate the challenges and opportunities of being a contractor. From understanding complex tax laws to finding the best tools for your trade, our articles are designed to equip you with the knowledge you need to thrive as a contractor in 2023.

So, dive in and explore our wealth of resources tailored specifically for contractors like you.

Freelance vs Employee: Understanding your work options

Freelance vs employee

When it comes to choosing your work style, understanding the dynamics of freelance vs. employee is crucial. The freelance vs employee debate is a common topic of discussion in today’s workforce. Freelancing offers flexibility and the ability to work on various projects but lacks employer-provided benefits and stability. On the other hand, employees have the […]

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Check employment status for tax in the UK – all you need to know in 2023

Contractor checking the employment status for tax

Are you uncertain about how to accurately determine your employment status for tax purposes? Understanding this critical aspect is not just a bureaucratic formality; it’s a financial imperative. Incorrect classification can lead to unexpected fines and legal complications. In this comprehensive guide, we’ll provide you with the essential information and tools you need to check

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Mastering business development: A comprehensive guide to top courses

Business development courses - learning

Ever wondered how businesses grow, make deals, or reach new markets? That’s the magic of business development. And guess what? There are courses out there that can teach you all about it. Business development isn’t just a fancy term. It’s the heartbeat of every successful company. Knowing how to expand a business, make partnerships, and

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IR35 inside vs outside

Inside or outside of ir35

Navigating the world of “IR35 inside vs outside” can feel a bit like learning a new dance. At first, the steps seem confusing, but with a bit of guidance and rhythm, it all starts making sense. IR35 isn’t just a pair of random letters and numbers; it’s a tax legislation that has contractors buzzing –

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Self employed subcontractor – The Comprehensive Guide

Self employed subcontractor working

In the dynamic business world, the role of a self-employed subcontractor has never been more pivotal. These independent professionals, operating at the intersection of entrepreneurship and specialised service provision, are reshaping the landscape of various industries, from construction to IT. But what does it mean to be a self-employed subcontractor, and how does it differ

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IR35 assessment tools

Using the right IR35 tool for your assessment

Understanding IR35 doesn’t have to be a puzzle. With the right tools, it can be as straightforward as checking off a to-do list. This article is your guide to the top IR35 assessment tools in the market, designed to simplify the process of determining your employment status for tax purposes. We’ll closely examine each tool,

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IR35 Assessment: Understanding Off-Payroll Working

Mastering IR35 assessment

Are you a contractor or business owner needing tax specialists or a professional indemnity service provider? Don’t worry, our consultants are here to help you navigate the complex realm of IR35! IR35, known as off-payroll working rules, has recently become a hot topic for public liability consultants. It’s an important piece of legislation introduced by

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IR35 Check: Determine Employment Status for Tax

IR35 check Determine Employment Status for Tax

As a contractor in the UK, understanding the nuances of the revised IR35 tax legislation could be crucial for you. The IR35 checks, introduced under the new law effective from April 2021, require clients to determine your employment status. This shift in obligation can potentially impact your net earnings and increase your administrative tasks. The

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What is IR35? Understanding the UK’s Tax Legislation on Intermediary Workers

What is ir35 uk tax law

IR35 is a tax legislation in the United Kingdom that was introduced in 2000 to address the issue of tax avoidance by workers who provide services to clients through intermediaries, such as personal service companies (PSCs), but who would be considered employees if they were engaged directly. The purpose of IR35 is to ensure that

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An overview of tax investigation insurance and its purpose: Is it really worth it?

tax investigation

Imagine you wake up one day to a tax department / HMRC letter informing you of an investigation into your financial records. In the United Kingdom, tax investigations are a common and potentially costly occurrence for individuals and businesses. As a result, many are turning to tax investigation insurance to provide protection against the financial

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