Contracting info
Whether you’re a seasoned contractor or still finding your feet, a proper spring clean can help you tighten up your finances, reduce stress, and make sure you’re set up for the months ahead. Here are five areas every contractor should revisit – and how a bit of focus now can get you properly back on track.
Contracting info
Financial success in contracting isn’t about luck. It’s about having the right people around you. And if we say so ourselves, few are more important than your accountant. Here’s why choosing the wrong accountant can turn contracting into a stressful experience and how working with a specialist provider like Icon Accounting can make the entire process simpler, calmer, and far more rewarding.
Business Expenses for Contractors
As an independent contractor, staying competitive isn’t optional, it’s part of the job. Whether you are learning a new system, gaining a certification, or keeping up with industry changes, investing in your skills is often what keeps you in demand. In this blog, we break down what training costs you can claim as a business expense, where you cannot, and the alternative options available to ensure you still receive tax relief where possible.
Contracting info
If you’ve recently moved into contracting, one of the biggest financial questions you might be asking is: “What should I do with my pension?” Reviewing your pension when you move to contracting is one of the smartest financial decisions you can make. Those forgotten pots could be doing far more for you. And taking control of them now can have a serious impact on your long term wealth and retirement flexibility. A phrase I often use with my clients is ‘it’s your money, be involved’
Contracting info, Business Expenses for Contractors
As a contractor, your day or hourly rate is important , but it isn’t the only factor that determines how much money actually lands in your bank account. In reality, maximising your take-home pay comes down to a combination of smart planning, timing, and making sure you’re set up correctly from a tax point of view. Here are some of the factors every contractor should keep in mind.
Contracting info
Valentine’s Day is all about finding the right match..and while that usually brings relationships to mind, it’s also a good moment to think about another important partnership in your life: your contracting setup. Just like any good relationship, the way you structure your contract work should support you, suit your goals, and evolve as your circumstances change. If it doesn’t, it might be time to reassess!
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