Top Accounting & Tax Tips for Contractors

Working as a Contractor presents some unique challenges as well as some great benefits.The main advantages of contracting include the independence and flexibility it offers, beingyour own boss and good pay. But Contractors also face some challenges that people inconventional employment don’t have, including the responsibility of managing your financialand tax affairs as well as

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Mini Budget: What this could mean for contractors?

There have been lots of talk around tax cuts and one of the most talked about is the potential abandonment or delay of the scheduled increase in Corporation Tax. Which will come in the form of a marginalised rate which will affect contractors with profits above £50K. And those with profits of £250K could be facing up to 26.5% Corporation Tax from April 2023. 

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Liz Truss Promised to Review IR35 Rules

Before becoming the PM, Liz Truss pledged to review IR35 rules and the impact off-payroll working policies have had. With Liz Truss now in place as the UK’s new prime minister, contractors and employers are waiting for her to review the IR35 Rules. The PM referenced that self-employed workers don’t get the same benefits as

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How do contractors get a mortgage? Have you tried already and been told to wait 2-3 years?

Please read the below article which has been kindly supplied by Contractor Friendly Mortgages a specialist mortgage broker with over a decade of experience helping contractors secure mortgage funding. Who have also kindly agreed to give our users a £100 discount if you quote OutsideIR35Roles.com  CONTRACTOR MORTGAGE GUIDE  Securing a mortgage that is right for contractors can be

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IR35: The Key Areas for Risk

If you are contracting on a role for a small UK company or company outside the UK then the IR35 decision will remain yours to declare yourself inside or outside.   There are four main areas which are as follows; Personal Service/Substitution – If the contract states a specific individual to provide the services, then

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