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Contracting mindset tips: flexible contracting income allows a choice when paying tax
Contractors have a degree of flexible control over how they manage their contracting income and when to pay tax, which employees can’t possibly have.
�deductions like ‘employee NI’ and ‘employer NI’. Contracting income is much more flexible, allowing you greate�
Category: Articles: Contracting Mindset Tips | Tue, 12 Apr 2011

Contracting mindset tips: deliver what you promise or expect to pay the price
Contractors should always deliver what they’ve committed and contracted to deliver; if they fail to, they should expect to pay the price – literally.
�Employees have employment contracts and multi-levelled disciplinary procedures before� �hey get fired. Contractors have a legally binding contract for services, so if they don’t deliver, the clien�
Category: Articles: Contracting Mindset Tips | Tue, 12 Jul 2011

Contracting mindset tips: think in terms of the value you can offer your client
Contractors often sell their technical skills and expertise, yet clients are more interested in the value a contractor can add to their organisation.
�just on their specific expertise, will win better contracts. Are you interested in the model of blowtorch you�
Category: Articles: Contracting Mindset Tips | Mon, 05 Sept 2011

Why contractors cannot rely on unemployment benefit
Contractors will find that, even if eligible, unemployment benefit in the form of Job Seeker’s Allowance falls well short of their household bills.
�personal allowance, or who are relatively new to contracting and had a permanent job in the two years before t� �t make their own arrangements for periods between contracts, and that also includes preparing for times when� �out to pay for household outgoings if there is no contract income. Cash savings and investments that can be�
Category: Articles: Contractor Income Protection | Thu, 31 Mar 2016

Contractor guide to the settlements legislation S624 ITTOIA 2005, formerly S660
Contractors can assign shares to a spouse despite the settlements legislation, because of the Arctic Systems case.
�ommercial transaction, the valuation process of a contracting business is inherently flawed. If an HMRC inspect�
Category: Articles: Settlements Legislation | Mon, 30 Jan 2012

Settlements legislation (S624/S660): minimising risks of an inspection and penalties
Contractors sharing income with a non-fee-earning partner can adopt a number of strategies to avoid an HMRC inspection that could result in penalties.
�ouse can make an investment and buy shares in the contracting business at market rate. This may be a good optio�
Category: Articles: Settlements Legislation | Mon, 24 Jul 2017

Why contractors need life insurance
Contractors don’t have employee benefits, so must ensure their loved ones have a financial safety net if the worst happens.
�tractors need life insurance because when they go contracting, they lose all their employee benefits and become�
Category: Articles: Contractor Life Insurance | Wed, 13 May 2015

Relevant life policies versus Key person insurance – explained
Contractors need to understand the differences between Relevant Life Policies and Keyperson insurance to choose the best protection for their needs.
�contractor has an ambitious growth plan for their contracting business and has fellow directors or employs seni�
Category: Articles: Contractor Life Insurance | Mon, 14 Mar 2016

Contractor Doctor: Will my current life insurance cover me when I go contracting?
Contractors with existing life insurance will find the policies are still valid, but they may not provide sufficient cover.
�current life insurance policy cover me when I go contracting? Thanks, Aisha Contractor Doctor says: There is n� �ear Contractor Doctor I have just signed my first contract, handed in my notice and I start with my first ev�
Category: Articles: Contractor Life Insurance | Mon, 30 May 2016

Tax efficient death-in-service benefits via a limited company
Contractor death-in-service insurance premiums can be paid by a contractor’s limited company
�nent employees before they made their choice of a contracting career will recall that they almost certainly had�
Category: Articles: Contractor Life Insurance | Thu, 27 Sept 2018