You have probably seen the terms ‘contractor’ and ‘freelancer’ thrown about online quite often, especially if you’re searching for an accountancy service. If you take on some form of temporary or project-based work, either wholly as a career or on the side of your permanent job, you will likely fall into one of these two categories.
Festive season has officially begun. Between contracting, Christmas parties and gift shopping, the next couple of months will be very busy. So we’re giving you three tips to help get you smoothly through the holiday season.
There is a lot of talk about ‘creating a level playing field’ by taxing the self-employed at the same level as regular employees, and giving ‘gig economy’ workers the same rights as their employed counterparts. But why is contracting so popular that it attracts such a high level of attention?
HMRC are implementing a new self-assessment system to supposedly make ‘life easier for millions of customers’ who are required to submit Personal Tax Returns. However, experts have highlighted some possible issues with this new way of completing Tax Returns.