You’ve decided that contracting appeals to you for your next career move; you will join the ever-growing independent professionals workforce of over 1.88 million. By choosing the limited company route, you open yourself up to the most tax efficient way to legally maximise your pay. Still thinking how to choose the right contractor accountant?
Yesterday’s Emergency Budget delivered several important announcements that will affect self-employed workers in the UK. The Government states that it stands up for the flexible workforce and supports hardworking British people. However, it is disappointing to see that these steps are increasing the tax burden for contractors.
Today, George Osborne has delivered his post-election Budget; it is the first by a totally Conservative party since 1996. The Chancellor has outlined the Government’s long term fiscal plans, ambition for a budget surplus and additional important factors that could affect you as a contractor and your take home pay.