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ContractorCalculator: Contracting news in brief - 23/Jul/2010
News this week includes new body to review IR35; increased demand for IT contractors; financial services recovery continues; & new online calculator.
�IR35 a priority of the new Office of Tax Simplificatio� �n England dominate the market, where 80.1% of all contracts were advertised. More… London’s financial sector�
Category: News | Fri, 23 Jul 2010

Contractor Doctor: How can I get out of my first contract with my former employer?
Contracting for a former employer can create a range of challenges for contractors, even for umbrella company contractors with no fears.
�is the very real threat of being found inside of IR35 by HMRC for the duration of the contract and poss� �says: The biggest and most common challenge when contracting with a former employer, particularly when the con� �duration of the contract and possibly any future contracts with the former employer. Bite the bullet and sti� �rmer employer. I am three months into a six-month contract and I am increasingly unhappy with the way that m�
Category: Articles: Contractor Doctor Q+A | Mon, 19 Apr 2010

New budget calculators released
Contractor Calculator contains new calculators to assess the effects of the recent budget on your net income.
�ncome, taxes, effects of rate changes, effects of ir35, and permanent options. Permanent Salary Comparis� �ine income, taxes, effects of salary changes, and contracting options. Contractor Financial Profile Calculator� �ary Comparison Calculator : Compare two salaries. Contract Comparison Calculator : Compare two contract rate�
Category: News | Thu, 06 Apr 2006

Contractors don't save enough for retirement
Contractors, like the rest of us in the UK, don't save enough for retirement. But when contractors begin to understand the tax breaks offered by pension contributions, they often make up for lost time.
�rect from your company bank account. If caught by IR35 , you save not only the income tax that would ord� �t periods, so they take advantage of high-earning contracts to make larger contributions,'' the IFA expert po� �l adviser (IFA). ''Contractors, who move from one contract to another, tend to be somewhat careless about sa�
Category: News | Tue, 10 Jul 2007

Contractor Doctor: Can I quit the contract if the role is different than agreed?
Contractors arriving at their new client’s site only to discover the role they had been sold by the agent is totally different can quit the contract.
�g delivered and to ensure they don’t fall foul of IR35 . This may also include a rate renegotiation. In� �Contractor Doctor I’ve just started work on a new contract that has turned out to be completely different to�
Category: Articles: Contractor Doctor Q+A | Thu, 15 Nov 2012

Contractors hit by managed service company legislation
Contractors hit by Managed Service Company legislation, but consultation forces Government to amend its approach.
�don Brown's attack on the self-employed under the IR35 regulations. It will cost sole traders another £3� �ry. There are many permanent workers who consider contracting, and prefer to dip their toes for a while before�
Category: News | Wed, 21 Mar 2007

10 questions to ask a specialist contractor accountant
You should ask these 10 questions to check whether an accountant is a contracting expert before signing up.
�ut an accountant’s level of expertise: 1. What is IR35 and how might it affect me? The ‘contractor tax’� �You should check your potential accountant is a contracting expert prior to signing up to their services. Jam� �e. 6. Can you explain how expenses will work if I contract through my own limited company? Contractors are n�
Category: Articles: Limited Companies | Fri, 30 Sept 2016

Splitting dividends to maximise net income
Splitting company dividends can be an effective way of maximising net income. We discuss the topic and Section 660 issues.
�income via the dividend route if they are outside IR35 and are either using a Limited Company payment st� �ife Limited Company Income Net Income Income from contracting £63,000 Less: Salary paid £4,500 £4,500 £58,500 L�
Category: Articles: Limited Companies | Wed, 15 Nov 2006

Using company money to start another unrelated business
Are you considering starting another unrelated business within your current limited company structure? The article explains the issues.
�le? This situation only arises if you are outside IR35, since you can choose not to declare dividends bu� �start other ventures that are unrelated to their contracting profession. Some contractors might think that usi� �company would be trading “Ultra Vires”. I.e. any contract signed would be non-enforceable in law. Treatment�
Category: News | Mon, 11 Sept 2006

Contractor accountants: count the true cost with the ContractorCalculator checklist
Many contractor accountants advertise a monthly fee but don’t say what your money buys. Find out for sure with the Contractor Calculator checklist.
�ontractor specialists, and won’t be able to offer IR35 and contracting expertise. That’s why Contractor� �specialists, and won’t be able to offer IR35 and contracting expertise. That’s why Contractor Calculator has c�
Category: Articles: Limited Companies | Thu, 11 Feb 2010

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