The benefits of using an accounting software

An accounting software can compliment the service provided to you by your contractor accountant as it allows you keep on top of your day-to-day bookkeeping alongside receiving support, advice and guidance from your accountant. It can really help to make your contracting life a lot easier, giving you more time to concentrate on the important…

IR35 – what should contractors look out for in their contract?

So you’ve secured a contract…great! But before you agree to take on any project, there are some points you should consider before signing on the dotted line. Particularly with the clampdown on IR35, every contract you are given should be read carefully to evaluate your IR35 status. Since IR35 is such a complex legislation, the…

Contractor pay rates see sharp inflation

Across the UK, contractors and temporary staff are receiving notably higher pay rates. The REC disclosed that the steepest inflation in contractor pay rates recorded was in London. However, across the board, wages were continuing to rise, extending this trend to 62 months.   Contractor pay rates accelerating at an exceptional rate REC director of…

Spring Statement 2018: a summary for contractors

The Chancellor of the Exchequer, Philip Hammond presented his Spring Statement to Parliament on Tuesday 13 March 2018. Unfortunately, the contractor sector must wait a while longer for news on any potential IR35 changes. There is a lot of frustration within the industry as many publications are being waited upon.   What are we still…

What is the outlook for contractors in the UK job market in 2018?

The outlook of the UK job market in 2018 continues to look promising for contractors. Vacancies, billings and pay rates remain encouraging, persistently growing throughout December and into the New Year. According to recruitment agencies surveyed for the REC/IHS Markit Report on Jobs, the introduction of new projects and a greater demand for short-term workers…