IT Contracting
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Find IT contractor guides - how to deal with IR35, accountants, umbrella companies, and clients. Learn and understand essential advice for UK contractors. IT Contracting is an information and news portal that provides concise contracting guides and the latest industry news, written by people who know what it's like to be contractors and business owners.
IT Contracting
2w ago
Many freelancers become sole traders when starting out in business, seeing this as the right option for them at the time. What happens if you want to form a company in the future ..read more
IT Contracting
1M ago
It can be challenging to understand how net pay is calculated when you receive your first umbrella company payslip. However, the actual payslip is fairly straightforward to understand once you know what to look for ..read more
IT Contracting
1M ago
The headline announcement from today’s Budget was a further cut in National Insurance for both employees and the self-employed. For most contractors, however, this was a Budget devoid of any standout measures or help for businesses. And no mention of IR35 ..read more
IT Contracting
2M ago
When you incorporate your limited company, you may have assets which you want to transfer into it. But how do you go about this, and what tax rules should you be aware of ..read more
IT Contracting
2M ago
Companies House is raising its filing and incorporation fees for the first time since 2016. The cost of forming a new company is set to increase from £12 to £50 while the confirmation statement fee climbs from £13 to £34 ..read more
IT Contracting
2M ago
If you want to join an umbrella company, chances are you will conduct some online research as part of the vetting process. Here we look at why you should treat online 'reviews' with a degree of scepticism ..read more
IT Contracting
2M ago
Childcare costs cannot generally be paid for by your business - for obvious reasons. However, company directors and other employees can usually claim personal tax relief via the Tax-Free Childcare Scheme ..read more
IT Contracting
2M ago
If you carry out some of your contract work from home, there are many benefits. There may also be some (small) pitfalls. The line between personal and work space can become blurred, and your utility bills might also start to creep up ..read more
IT Contracting
2M ago
There are several ways to set up your own limited company. Go direct via Companies house, hire an accountant, or use a company formation agent. Here are the typical costs associated with each route ..read more
IT Contracting
3M ago
In most cases, extracting profits from a company by distributing dividends to shareholders is a simple process. But what happens if you mistakenly declare dividends which are greater than the value of the company's available profits ..read more