Contractors

Many professional “self employed” people today operate as “contractors” either through a Limited Company or as a sole trader. I have had many years of dealing with Contractors from the IT and Management Consultancy sectors and the questions that are commonly asked are:

• Is a limited company right for me? What are my obligations and duties as a Company Director?
• What are the other options?
• What are the tax advantages for me?
• What about IR35- Am I caught, can this be managed?
• Should I take a salary or dividends?
• How do I pay dividends, what records do I need?
• What expenses can I claim?
• How does my contractor income fit in with my other income, what are the tax planning opportunities?

If you have the same questions and would like to discuss, please contact me for further information and assistance.