How much does the IR35 tax cost you?

ContractorCalculator: Contracting news in brief – 24/May/2013

News this week covers: PCG’s John Brazier; REC JobsOutlook; new ‘North Sea’; Tech City growth; BBC ditches contractors; and manufacturing rebounds.

Today. Fri, 24 May 2013 | Other

Contractors to see fresh contracts generated by Britain’s “new North Sea”

Contractors across all disciplines should benefit from the UK’s shale gas development, dubbed Britain’s “new North Sea” by the Institute of Directors.

Yesterday. Thu, 23 May 2013 | Market Stats

How much salary should a contractor pay themselves as director?

Contractors often find the low salary-high dividends model to be the most tax efficient way to take remuneration, says Abbott Moore’s James Abbott.

This week. Wed, 22 May 2013 | Limited Companies

BBC confirms its commitment to ditching limited company contractors and freelancers

Limited company contractors working in on-air roles for the BBC face a new employment test the broadcaster admits is designed to cut their numbers.

This week. Tue, 21 May 2013 | Tax Issues

Scotland’s contracting market continues to polarise as recovery becomes “more robust”

Scotland’s contracting sector is becoming increasingly polarised as IT and engineering contractor demand pulls away from interim and finance sectors.

This week. Mon, 20 May 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 17/May/2013

Last week: Fri, 17 May 2013 | Other

Oil and gas contractors pressured to become employees by skills-starved clients

Last week: Thu, 16 May 2013 | Market Stats

Contractor Doctor: No substitution but can hire subcontractor: what’s my IR35 status?

Last week: Wed, 15 May 2013 | Contractor Doctor Q+A

Retrospective tax-reducing strategies for contractors who overpaid in previous years

Last week: Tue, 14 May 2013 | Tax Issues

IR35 enquiries: the seven questions that deserve an answer from HMRC now

Last week: Mon, 13 May 2013 | Dave's Blog

ContractorCalculator: Contracting news in brief – 10/May/2013

Two weeks ago: Fri, 10 May 2013 | Other

Contractor demand softens further during April, but engineering and IT buck trend

Two weeks ago: Thu, 09 May 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 24/May/2013

News this week covers: PCG’s John Brazier; REC JobsOutlook; new ‘North Sea’; Tech City growth; BBC ditches contractors; and manufacturing rebounds.

Today. Fri, 24 May 2013 | Other

Contractors to see fresh contracts generated by Britain’s “new North Sea”

Contractors across all disciplines should benefit from the UK’s shale gas development, dubbed Britain’s “new North Sea” by the Institute of Directors.

Yesterday. Thu, 23 May 2013 | Market Stats

BBC confirms its commitment to ditching limited company contractors and freelancers

Limited company contractors working in on-air roles for the BBC face a new employment test the broadcaster admits is designed to cut their numbers.

This week. Tue, 21 May 2013 | Tax Issues

Scotland’s contracting market continues to polarise as recovery becomes “more robust”

Scotland’s contracting sector is becoming increasingly polarised as IT and engineering contractor demand pulls away from interim and finance sectors.

This week. Mon, 20 May 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 17/May/2013

News this week covers: financial IT; oil & gas skills; umbrellas becoming agencies; CBI forecasts; self-employment; HMRC taskforces; & day rate app.

Last week. Fri, 17 May 2013 | Other

Oil and gas contractors pressured to become employees by skills-starved clients

Last week: Thu, 16 May 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 10/May/2013

Two weeks ago: Fri, 10 May 2013 | Other

Contractor demand softens further during April, but engineering and IT buck trend

Two weeks ago: Thu, 09 May 2013 | Market Stats

ContractorCalculator Market Report May 2013

Two weeks ago: Tue, 07 May 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 3/May/2013

Three Weeks ago: Fri, 03 May 2013 | Other

Contractors have strategic window to exploit UK skills gap: PwC Global CEO survey

Three Weeks ago: Tue, 30 Apr 2013 | Market Stats

ContractorCalculator: Contracting news in brief – 26/April/2013

Last month: Fri, 26 Apr 2013 | Other

Contractor Doctor: No substitution but can hire subcontractor: what’s my IR35 status?

Contractors with client restrictions on rights of substitution may find hiring a subcontractor achieves the same IR35 goal, says Andy Vessey of Qdos.

Last week. Wed, 15 May 2013 | Contractor Doctor Q+A

Contractor Doctor: Should I keep cash in my company or pay off my mortgage?

Contractors should consider their options before deciding to pay-off debts or delay dividends as it may save tax, says Abbott Moore’s James Abbott.

Last March. Thu, 14 Mar 2013 | Contractor Doctor Q+A

Contractor Doctor: How does the VAT Flat Rate Scheme work when invoicing EU clients?

Contractors operating the VAT Flat Rate Scheme won’t lose money when invoicing European Union (EU) clients, explains James Abbott of Abbott Moore.

Last February. Tue, 19 Feb 2013 | Contractor Doctor Q+A

Contractor Doctor: Can a restrictive covenant be implied if not in the contract?

There is no reason why contractor contracts should automatically include restrictive covenants implied in the terms, explains Roger Sinclair of Egos.

Last January. Tue, 29 Jan 2013 | Contractor Doctor Q+A

Contractor Doctor: Can my client refuse to allow already agreed time off?

Contractors don’t book holidays; they negotiate breaks in service provision or supply a substitute for time off that can’t be taken between contracts.

Last January. Mon, 07 Jan 2013 | Contractor Doctor Q+A

Contractor Doctor’s lessons from 2012 will help contractors navigate the year ahead

Last January: Thu, 03 Jan 2013 | Contractor Doctor Q+A

Contractor Doctor: Can I quit the contract if the role is different than agreed?

Last November: Thu, 15 Nov 2012 | Contractor Doctor Q+A

Contractor Doctor: Can another contractor fire me?

Last November: Mon, 12 Nov 2012 | Contractor Doctor Q+A

Contractor Doctor: Can my client change my role mid-contract?

Last November: Wed, 07 Nov 2012 | Contractor Doctor Q+A

Contractor Doctor: Does the 24 month rule apply to two clients at the same location?

Last October: Mon, 15 Oct 2012 | Contractor Doctor Q+A

Contractor Doctor: Can I take three years out for a degree & fund it from my company?

Last October: Sun, 07 Oct 2012 | Contractor Doctor Q+A

Contractor Doctor: Can clients and contractors cut out an agency lying about margins?

Last September: Fri, 21 Sep 2012 | Contractor Doctor Q+A

How much salary should a contractor pay themselves as director?

Contractors often find the low salary-high dividends model to be the most tax efficient way to take remuneration, says Abbott Moore’s James Abbott.

This week. Wed, 22 May 2013 | Limited Companies

Contractor Doctor: No substitution but can hire subcontractor: what’s my IR35 status?

Contractors with client restrictions on rights of substitution may find hiring a subcontractor achieves the same IR35 goal, says Andy Vessey of Qdos.

Last week. Wed, 15 May 2013 | Contractor Doctor Q+A

Retrospective tax-reducing strategies for contractors who overpaid in previous years

Contractors can adopt tax strategies that may reduce their tax liability arising from previous financial years, says Abbott Moore’s James Abbott.

Last week. Tue, 14 May 2013 | Tax Issues

How National Insurance Contributions (NICs) are calculated

Contractors may be liable to pay National Insurance Contributions (NICs). Calculating how much should be paid depends on the nature of their earnings.

Three Weeks ago. Thu, 02 May 2013 | Tax Issues

Help to buy mortgages for contractors

Contractors may qualify for government loans to top up a new property deposit under the Help to Buy scheme, says Tony Harris of ContractorFinancials.

Last month. Thu, 18 Apr 2013 | Mortgages

How income tax is calculated

Last month: Tue, 16 Apr 2013 | Tax Issues

Contractor guide to the General Anti-Abuse Rule (GAAR)

Last month: Thu, 11 Apr 2013 | Tax Issues

10 things agencies do for contractors to win them work

Last month: Mon, 08 Apr 2013 | Job Search

Why private firms and public sector organisations hire contractors

Last month: Thu, 04 Apr 2013 | First timers

Advantages and disadvantages of contracting

Last March: Wed, 27 Mar 2013 | First timers

Contractor Doctor: Should I keep cash in my company or pay off my mortgage?

Last March: Thu, 14 Mar 2013 | Contractor Doctor Q+A

Prove your contract is outside IR35 by collecting key evidence

Last March: Thu, 07 Mar 2013 | IR35