Contracting can be a great way to build yourself in the self employed market. It allows you to earn more money whilst being your own boss and have greater tax benefits. It is great if you are looking for more flexibility in your work. Being a contractor means you can pick and choose your jobs as well as your own hours. For many contracting presents some great opportunities to develop their own business network and be their own boss, but with all these opportunities there are always going to be issues.
An issue that many contractors face is distance. Often a contractor must go to the company they are working for and as they are not based at the company we see many long commutes and even staying in a new place for a few months until the contract is fulfilled. Another issue that many face is the issue of tax. As a contractor, what are you supposed to pay and what can be written off as tax deductable?
It can often be confusing for a contractor to establish what must be paid and if their status means that they are truly self employed. The government created the IR35 to help combat the issue of “disguised employees”. Before the legislation was introduced an employee could avoid being taxed by simply disguising themselves as an employee.
Now due to the strict guidelines of the IR35 many contractors are in danger of being seen as regular employees. Here at Just accountants our team of consultants will listen to your individual needs and take the time to find the best fit contractor accountants in an area that is convenient to you.
An accountant must be able to understand you and your business for a successful and fruitful relationship. Knowing the market you are in is key for any accountant looking to offer you their services. We take the time to screen all of our accountants to make sure they offer you the best service possible for a reasonable price. This allows us to ensure that the accountant offered to you will know your industry and be up to date with all the latest news and changes that can affect your business.
We believe that an accountant is much more then someone who simply does your taxes at the end of the year. Our select accountants can offer you advice about your business, about your industry and also help to improve your business. Each business is unique and our accountants understand this and that is why they will take the time to get to know your business and listen to what you want out of the relationship.
So whether you are just starting out as a contractor or you are just looking for a more pro-active accountant we can help. Our service is absolutely free of charge and at no point are you under any obligation until you sign with an accountant. Our team will work with you to help you find the best match for you and ensure that we have fulfilled all of your requirements. For more information please visit www.justaccountants.co.uk or alternatively phone us on 0800 046 3690.