Entries by John Yerou

The Ultimate IR35 Guide

[vc_row][vc_column width=”1/1″][vc_column_text]What is IR35 For a long time after it was first introduced, IR35 was a phrase that struck fear into the hearts of all hard-working contractors. The legislation, brought in by the government in April 2000, was designed to prevent individuals abusing the tax system by effectively working as an employee of a company […]

IR35 Business Entity Test

[vc_row][vc_column width=”1/1″][vc_column_text]So you’ve heard about IR35, but never really fully understood what it is, how it affects you and how do you know if you’re inside or outside of IR35? This article is going to explore all the different aspects which make up IR35 and by the end of this you should have a good […]

Whats Better Limited Company or Umbrella Company?

You might think that Umbrella Companies are always stronger than limited companies but there are some some situations where contractors are better off using a limited company. 

Generally contractors is who are earning a high day rate, say the £300 per day and up, will be better off financially if they use an Limited company. […]

Contractor Payment Vehicles used in the UK

In the UK contractors is mainly use umbrella companies or limited companies as their contractor payment vehicle. The main advantage of both of them is you earn a bigger take-home pay. 
The main differences between the two of them is with limited company you become the director of the company and there is quite a […]

Opening a bank account in the UK

What to expect from Working in the UK Whenever a person moves to new country for work whether it’s on a permanent or contract basis it’s always a good idea to get some background about the working conditions. Now if you’re reading this, chances are you’re interested in coming to the UK to work but […]

Benefits of working as a contractor in the UK

If you are thinking about working as a freelance contractor, you have made a great decision. You will be able to enjoy many perks of being self-employed. However, there are certain limitations and you have to know them before you make your decision to work as a contractor. Contractors are different in many ways when […]

Do Contractor Pensions Differ to Private Pensions?

While contractor pensions don’t differ in their structure or set up compared to private pensions where they do differ is how the pension is funded. If a permanent worker wanted a pension they would fund of this from their personal bank account, while a contractor will fund their pension from an limited company as a […]