Contractor Newsletter, Issue 62: February 2012

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Issue 62: February 2012

IR35, tax avoidance and Ed Lester: a potent mix

Dear Contractor,
Welcome to the February 2012 edition of our Contractor Newsletter. Trial by media for Ed Lester and the subsequent witch hunt for Government interim managers could threaten contractors' livelihoods. The Oil and Gas sector is expected to grow in 2012, and contractors received a PR boost at the recent Davos World Economic Forum. Contractor Ken Burrell shares his contracting start up tips and we help a contractor whose agency is threatening them with a £10K bill. Andrew Gains of ContractorFinancials explains the tax efficient advantages of pension drawdown.

IR35, tax avoidance and Ed Lester: a potent mix threatening contractors' livelihoods

Contractors are right to be worried by interim management contractor Ed Lester's trial by media, because an unjustified backlash might be the result..

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Good contracting prospects in UK's oil and gas sector, reveals latest salary guide

UK oil and gas contractors are predicted to enjoy a buoyant 2012 with increasing sector growth, according to The Oil & Gas Global Salary Guide 2012.

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Project management contractor does it 'by the book', literally, to win first contract

Project management contractor Ken Burrell won his first contract, and just secured his first renewal, by acquiring & applying new contracting skills.

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IR35 Forum: are contractors ever going to get answers?

Contractors have seen few tangible results from the IR35 Forum, and there is a worrying lack of information from HMRC about the progress made

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Contractor guide to the settlements legislation

Contractors can assign shares to a spouse despite the settlements legislation, because of the Arctic Systems case, explains Matt Fryer of Brookson.

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Pension drawdown explained for contractors

Contractors may find pension drawdown offers a flexible solution suited to their contracting lifestyle, explains Andrew Gains of ContractorFinancials.

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Money management for contractors

Money management is a key skill for successful limited company contractors. The basics are straightforward and easy to pick up.

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Contracting mindset tips: you're responsible for managing your career, not the client

Contractors are responsible for managing their own careers. Attempts by clients to do so must be resisted or contractors could pay tax as employees.

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Contractor Doctor: Can my agent withhold £10k based on 17-year-old restrictions?

Restrictive clauses appearing to stop contractors contracting direct may not apply if they pre-date the Conduct Regs, says Roger Sinclair of Egos.

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ContractorCalculator Market Report February 2012

Contractors received a PR boost in Davos and have a target rich contract market if they can pick the winning sectors of the UK's two-speed economy.

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