Articles

Top 5 reasons why contractors should take out Private Health Insurance

There are huge benefits of working for yourself which is why so many people are ditching the traditional 9 to 5 and opting to become self-employed. However, there are some perks that you might miss out on including sick pay and...

Getting a contractor mortgage - A mortgage guide for contractors

Choosing to become a contractor and running your own company comes with a great number of benefits. Self-employment is on the rise due to both its personal life (work-life balance) and professional life (tax-efficient) advantages...

Why the Loan Charge tax will not benefit the economy

Contractors, including IT consultants, have been stung with extortionate fees off the back of a retrospective tax charge from the HMRC, writes Oliver-Hibbs Brockway, CEO of Nodal. With fines of £120,000 on average (according to...

Key advice to contractors ahead of the IR35 private sector reforms

On 11th July, it was confirmed in HMRC’s draft legislation that their controversial off-payroll rules will be extended to the private sector in April 2020. Although this will be disappointing to many, it hardly will come as a...

Contractor Accountants Directory

Choosing a Contractor accountant is very important. A Contractor Accountant will set you up a limited company and provide tax advice to ensure that you can focus on contracting and not your HMRC obligations. Below is a...

Things to consider when accepting a new contract

People often ask what are the key things to look out for in a new contract? Whilst nothing beats getting a legal review, there are things everyone can look out for. So, whether you are entering into a new mobile phone...

How to set up a Limited Company

Running a business as a limited company can provide an ideal foundation on which to grow and give yourself a solid legal and financial base to build on. It’s exciting and inspiring, and brings with it the potential for great...

Managing your Income as an IT Contractor

Working as an IT Contractor comes with many benefits that you can take advantage of such as flexible working, being your own boss and an increased wage. One thing that is overlooked though is the increased admin that comes with...

IT Contractors Guide to Professional Indemnity Insurance

Professional indemnity insurance for IT Contractors If you are contracting you will likely be required to provide to your client evidence of Professional Indemnity Insurance. This is normally a pre-requisite for accepting a...

Agency Workers Regulations – which contractors are affected?

AWR 2011 The Agency Workers Regulations ("AWR") become legislation on 1 October 2011. The legislation will give temporary agency workers the same basic rights, after 12 weeks in the same assignment, as those on a comparable...

IR35: What are the implications for contractors?

IR35 is a piece of UK tax legislation, introduced in 2000, and designed to tackle "disguised employment". The legislation affects freelancers working through an 'intermediary' such as a limited company. Since trading via a...

Guide to Umbrella Companies

When starting out as a contractor or freelancer, the main two different ways of trading are setting up a limited company and using the services of an Umbrella company. Umbrella companies offer a headache-free and...

Contracting vs permanent

Most it contractors start out as their permanent counterparts and, having notched up several years' worth of client contacts, training and expertise in their area, decide to move into the more flexible terrain of contracting...

How to get started as an IT contractor

If you've decided your brain is wired to run your own business, then the next question is how to trade? Umbrella company  For some, an umbrella company might be an ideal way to test the contracting waters....

IT Contract Recruitment Agency Directory

If you are looking to take on a new IT contract role, look no further. Below is a list of IT Contract Recruitment Agencies that feature hundreds of IT Contract Jobs where you can find your next role.  IC Resources...