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Dave's blog

Dave Chaplin

Why real income tax rates are not progressive for many taxpaying contractors

Contractors with children and earnings of over £50,000 per year, and those earning over £100,000 a year, are just not paying progressive rates of tax.

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Dave Chaplin, CEO ContractorCalculator


  
  

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Why real income tax rates are not progressive for many taxpaying contractors

Contractors with children and earnings of over £50,000 per year, and those earning over £100,000 a year, are just not paying progressive rates of tax.

Marginal tax rates explained

Contractors pay very different marginal tax rates depending on their earnings and business/personal circumstances, says Abbott Moore’s James Abbott.

ContractorCalculator: Contracting news in brief – 21/Aug/2014

News this week covers: contractor demand in Scotland; skills development; self-employment high; African oil & gas contracts; EBTs; and tax credits.

Contractors must develop in-demand niche skills to avoid damaging their prospects

Contractors who have not invested in developing niche, in-demand skills risk being dropped by their contracting agencies, shows a new Parasol survey.

Contractor Doctor: How can I stay under the VAT threshold when using subcontractors?

Contractors working on one-off major projects that require sub-contracting may be able to avoid registering for VAT, says Abbott Moore’s James Abbott.

Contractor Doctor: Can I withdraw personal cash from my limited company bank account?

Contractors can use cash from their limited company bank account but must maintain a paper trail of expenditure, explains Abbott Moore’s James Abbott.

Contractor Doctor: Do I have rights if my contract’s terminated because I’m pregnant?

Contractor Doctor: My client is offering employee-style perks – should I accept them?

Contractor Doctor: Contract says ‘in IR35’, working practices are out: what’s right?

Contractor Doctor: I have paid IR35 taxes for seven years. What are my options?

Contractor Doctor: Can I use a doctor’s sick note to defend against contract breach?

Contractor Doctor: Should I opt out of the Conduct Regs or AWR after a contract win?

Contractor Doctor: Can I claim expenses for building an office in my garden?

Contractor Doctor: My spouse has a short-term contract. Should it go via my ltd co?

Contractor Doctor: How do I handle hostility from my client’s permanent employees?

Contractor Doctor: Do I owe my agency damages after it terminated me for being ill?

Contractor Doctor: Is my agency’s restrictive covenant valid after losing PSL status?

Marginal tax rates explained

Contractors pay very different marginal tax rates depending on their earnings and business/personal circumstances, says Abbott Moore’s James Abbott.

Barriers to starting contracting and how to overcome them

Would-be contractors often believe that there are too many barriers to going contracting, but most can be overcome, or are simply contracting myths.

  
  

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