Are you a contractor? If you work for someone else, it is important to know whether you are working for that person in an employed capacity or in a self-employed capacity as an independent contractor.
Your employment status will determine the charge to tax on income from your employment or self-employment. It will also determine the class of NICs, which are to be paid.
Umbrella Companies employ you for tax purposes and complete central returns for all their contractors. It's less hassle and more flexible for you but take home pay is typically less than that the limited company option.
The best option for you depends on your plans, 'one off' contract or 'contractor for life'? [Read More...]
On the road to contracting? Ready to nail that crucial interview that will transform you career, your income and home life? Maybe you’re not...
The UK has had a tough few years with the competition for contracts fierce. Despite evidence of economic recovery and increasing contract job availability, it remains of paramount importance that you are fully prepared for every question the interviewer may throw at you.
Redtapedoc.co.uk provides a range of legal and business document templates to businesses, start-ups, and individuals. That's great, but how does it help you, the contract/would be contractor?
Redtapedoc.co.uk have a repository of top questions asked by UK HR (Human Resource) professionals. With information that will provide you the inside track to nailing your next interview.
It gets better... As you grow your business, RedTapeDoc have the resources to allow you to comprehensively cover your human resource requirements.
The aim of interviewing is to assess whether the candidate has the necessary skills, knowledge and experience to do the job.
Interview questions should be open questions, i.e. those beginning with what, which, why, where, when, who or how. Using closed questions, i.e. those which invite only a yes or no answer, are generally, not useful, however, closed questions can be used to establish specific facts.
Read more and access further resources at RedTapeDoc.co.uk
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It's the basics... Compliance with Tax, VAT, PAYE and fiscal arrangements is mandatory for contractors regardless of whether you use an umbrella company or your own limited company.
Incredible then that there are still rogue umbrella companies and limited company accountants who expose their contractors to fraud. Umbrella Compare provides THE solution, we thoroughly vet all umbrella companies and limited company accountants that we list [Read more...].
Umbrella Compare provides a holistic overview of contracting with the aim of helping new and old contractors find the right payroll solutions. Contracting should be about focusing on the contract, not payroll, accounting, HMRC and bureaucracy.