We have recently seen a number of letters from HMRC received by contractors working for a well- known end client in the engineering and construction industry. The letters ask the contractor to check their employment status whilst they carried out work for this particular client.
Working as a contractor gives you a great deal of power over your own workload, allowing you to take on the assignments that appeal to you the most. But once a contract that you've loved working on has finished, how should you go about finding your next exciting opportunity?
The new tax year is now well under way so we want to ensure that you start it in the best possible way, by sharing you with you some personal tax planning help and advice. From personal allowances and reliefs through to potential penalties. We want to ensure that our contractors start the new tax year off on the right foot.
PayStream recently had the pleasure of speaking with Tabatha Rose a Programme Manager working within the Global Marketing Division of HSBC, who has taken the exciting step of setting up a limited company and, as a result, is now a director of her own business.
What are the benefits of working as a contractor? We asked our contractors on social media to complete a short survey highlighting their views and opinions of the current contracting market. The results were shaped by contractors who work in a variety of different sectors including Education, Sales, Retail, Contruction & IT Consulting which provided us with some compelling results.