Contracting Matters Blog
Posted by John Yerou on April 7th, 2016
In the run up to the budget, the tabloids portended doom for contractors working through a PSC. For those working off-payroll in the public sector, those harbinger headlines became reality.
The Chancellor announced that PSCs will have no say in how public sector clients pay them. As of April 2017, it will be the client who decides if IR35 applies to an engagement.
Continue reading about Chancellor revokes contractors’ rights to decide payroll status
Posted by John Yerou on March 18th, 2016
So, the Chancellor used yesterday’s budget to continue his vendetta against contractors. In particular, he’s targeting contractors operating through personal service companies.
The reason for this fresh assault on independent UK professionals? To curb tax avoidance.
Not that most contractors create a limited company to save on tax. But if they had their way, that’s what the government and media would have you believe.
Continue reading about Budget launches yet another attack on contractors working through personal service companies
Posted by John Yerou on April 14th, 2015
Should contractors work through an Umbrella or through their own Limited Company? True, there are specific times when you’d consider an Umbrella more beneficial. But when it comes to applying for a mortgage, Limited is always better.
Continue reading about Which is best for contractors, umbrella or limited company?
Posted by John Yerou on April 13th, 2015
Casting off from the shores of permanent employed is a big decision. The stormy, but often lucrative, waters of contracting or freelancing await the intrepid adventurer. But before launching yourself into the deep, stop. Just for a moment, at least, to consider your options.
In particular, you need to think about your new business. What’s the best way to minimise your long term tax liabilities? How, at the same time, can you maximise your income? And how can you juggle the two to make it easy for your customers to deal with you.
Continue reading about Why contractors choose Limited Company payment structures
Posted by John Yerou on April 9th, 2015
So. You’ve secured your first contract. You’re with your recruitment agent, who says “Great. Now you need to find an umbrella company“.
Or you may not be quite at that stage. Instead, you’re mulling over leaving your permanent role to take up a contract offer. You’re not quite sure what that will entail. Now you’re researching ways to operate, umbrella companies being one such way.
To help you make the right decision, you need to know why umbrella companies were born. Moreover, what their role is today amongst the options open to you. Let’s go.
Continue reading about Umbrella Companies – A Guide for Contractors
Posted by John Yerou on March 31st, 2015
From outside the world of contracting looking in, the rates contractors charge seem steep. Imagine someone thinking about self-employment, wondering where to pitch their service. It’s possible that seeing those hourly rates would give them an inferiority complex.
Or that same contractor may have entered the market already, accepting a lower rate of pay. They may well wonder what it will take to earn the big bucks they see their peers pocketing.
Continue reading about The Contractor Lifestyle: Does it Live Up to the Billing?
Posted by John Yerou on January 30th, 2015
As a contractor, you may think that your contract is watertight. You’re wrong. According to HMRC:
“There’s no such thing as an IR35-proof contract”
Can’t argue with that. We can, however, be proactive and find ways to prove that we’re not a disguised employee.
Continue reading about Why should I take an IR35 test?
Posted by John Yerou on January 22nd, 2015
IR35, or intermediaries legislation to give it its proper name, is still here. And the signs are it’s not going away any time soon. To that end, you must safeguard your business against HMRC investigators, should they come calling.
Sounds simple, if you say it quick enough. But the fact is, 60% of contractors operate in the grey zone. Even worse, they don’t even know it.
Continue reading about 5 Simple Steps You Can Take To Improve Your IR35 Status
Posted by John Yerou on September 21st, 2014
It must have been a tough choice for PCG. They’ve built their brand by giving contractors a voice where before echoed only silence. To rebrand as IPSE is not only a ballsy decision, but also shows that businesses of any size can shift in line with market trends.
But what if we peep behind their decision to clock out the term ‘contractors’ in their moniker one last time? Why become an association that represents Independent Professionals and the Self-Employed, instead?
Continue reading about Will Independent Professionals pack more punch than Contractors?
Posted by John Yerou on May 23rd, 2014
In the aftermath of the credit crisis, freelancing has grown at an unfaltering rate in the UK. Since 2009, the number of self-employed workers has grown by 6.3%. Compare that to only a 2% rise in the overall job market and we wonder where this growth’s coming from.
There are two major contributory factors:
- many who lost their jobs during the economic turmoil saw self-employment as no greater risk than a permanent role;
- information technology has eradicated the communication barrier of working from home.
Continue reading about What are the differences between freelancers and contractors?
Freelancer Financials Blogs
Request a Callback
Finding a Financial Advisor who’s professional and knowledgeable is a bonus but one that you trust and feel comfortable with immediately is rarer still. I have recommended John to virtually all the other IT Contractors that I work with and will continue to use their services in the future.
Jakub Baluch.. IT Contractor
John Yerou and his team provided the brokerage service for my last 3 mortgages and I cannot rate them highly enough. No matter how large or small the request they always provide a speedy and professional response. I would never consider using another advisor/broker.
Roz Clifford.. Freelancer
We have been introducing Contractors and Freelancers to Freelancer Financials for several years now. They have established themselves as the preferred choice of financial advisors to all our IT contractors and Freelancers.
Bernie Potton.. SQ Computer Personnel (largest independent IT Recruitment Agency in the UK)