Why 90% take-home pay rates for contractors are too good to be true

No-one likes paying taxes and talking about taxes isn’t exactly interesting but, if you’re a contractor, your taxes are more important than ever thanks to changes with IR35.   A few years ago there was a lot of publicity about aggressive tax “management” schemes (some more legal than others) so the government made various legislative […]

Some things to bear in mind when starting out as a contractor

Contracting, be it in IT or another sector, can be a fantastic career choice for many people. It has many benefits over permanent employment; The flexibility of being your own boss A potentially higher income, including greater tax efficiencies A wider variety of projects and work which regularly changes An opportunity to develop skills that […]

What is ITEPA and why does it mean recruitment agencies need my personal details?

There is a perception that too many people are using loop holes to avoid paying their “fair-share” of tax and HMRC shares this opinion. To help counteract this, they have put in place several new pieces of legislation that affect the recruitment industry.  Income Tax (Earnings and Pensions) Act , known as ITEPA, came into […]