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How contractors should handle ongoing contracts
You can enter into ongoing contracts without fear of being caught. But attention should be paid to ensure compliance.
�Contractors do not have to fear winding up inside IR35 just because they have an ongoing contract.'' ''A� �Unless You Terminate This means that if you have contracted for six months of work, you'll go on to do anothe� �n is relatively rare--asked to enter into ongoing contracts. These are contracts which include a clause stati� �ified of termination within a certain period, the contract will remain in force under the same terms for a g�
Category: Articles: Legal | Thu, 03 May 2007

Advantages and disadvantages of contracting
Contracting offers skilled knowledge workers much more than the opportunity to substantially increase their earnings, although pay’s a major factor.
�minimise the time you spend running your business IR35: This is a limited-company-contractor-focused pie� �Contracting can deliver skilled knowledge workers a huge rang� �ours and locations Holidays: When you are between contracts, you can choose to take as much or as little time� �you want more money, you can choose a better paid contract) Improved work/life balance: It is amazing how mu�
Category: Articles: First timers | Thu, 12 Oct 2017

Why contractors make more money than employees
Employees make less money than contractors. It’s that simple. Taxes and the inability to deduct expenses take a terrible toll on what employees earn. Contractors don’t have these burdens.
�es the necessary steps to ensure they are outside IR35 . The cost to the company is the same. The contra� �this way, the reality is, that if you manage your contracting career and keep yourself in work, the rewards are�
Category: Articles: First timers | Mon, 21 Aug 2017

Contractor doctor: can expenses be claimed for entertainment?
Answers a question from a reader about the rules for claiming entertainment expenses.
�ractor is a genuine business outside the scope of IR35 with the costs of marketing that every business h� �Dear Contractor Doctor, I’m fairly new to the contracting game and have incorporated a new limited company� �I am trying to secure my first interim management contract by working all of my business contacts developed�
Category: Articles: Contractor Doctor Q+A | Thu, 19 Apr 2012

Contractor Doctor: Do I have rights if my contract’s terminated because I’m pregnant?
Limited company contractors terminated due to pregnancy can sue for discrimination, but there’s a tax sting in the tail.
�aken into account when awarding compensation. The IR35 sting in the tail However, although the contracto� �ractor Doctor I am an IT contractor and typically contract direct with clients through my own limited compan�
Category: Articles: Contractor Doctor Q+A | Thu, 01 May 2014

Company healthcare and gym membership benefits
You can pay for healthcare costs and gym expenses using your limited company although there will be a BIK charge - Find out more.
�ent sports facilities or onsite gyms come with an IR35 health warning “If a contractor has free use of a�
Category: Articles: Expenses | Fri, 06 Jan 2017

Backdating dividend payments to a previous tax year is asking for trouble
Proper tax planning negates the need to backdate dividends, which is illegal and attracts unwanted attention from HMRC, says Intouch’s Duncan Strike.
�ake from the company, whether they will be within IR35 and what the salary/dividend split will be if the� �s Whilst it is quite commonplace for directors of contracting companies to declare a dividend and leave the mon�
Category: Articles: Limited Companies | Thu, 02 Jun 2016

Contracting and subcontractors: tax, VAT and employment issues
Contractors subcontracting client work to other contractors should be aware of the tax, VAT and employment issues, says James Abbott of Baker Watkin.
�reclassification of employment status because of IR35 must be paid by the subcontracted contractor. Thi� �added tax ( VAT ). “A contractor may be earning a contracting income that keeps them just below the VAT registr� �ing the law.” Other factors: employees’ expenses, contracts and the ‘hassle factor’ Although there are no rul� �frequently no written agreement. Putting a proper contract in place is essential. It should be prepared by a�
Category: Articles: Limited Companies | Mon, 30 May 2011

Contractor guidance on record keeping for HMRC’s Business Record Checks
Contractors can easily ensure their records are in good order if HMRC undertakes a Business Records Check, says InTouch Accounting’s Paul Gough.
�rn (PAYE) compliance review, and possibly also an IR35 investigation.” Gough’s good recordkeeping checkl� �good business practice that support a successful contracting career. HMRC has a team of 120 specialists that i�
Category: Articles: Limited Companies | Mon, 21 Nov 2011

Spending contractor limited company profits tax efficiently
According to Duncan Strike of Quay Accounting, contractors should be looking closer to home when deciding how to spend the cash in their business.
�for which contractors should put aside money, is IR35 . As he says, “We all know that contractors’ past� �found to be within IR35 for one of their previous contracts, the fallout can be very costly . If there is any� �te sums for tax, and unexpected periods without a contract, Strike says there can still be plenty of cash le�
Category: Articles: Limited Companies | Mon, 09 Mar 2009