Tag Archive | "contractors"

Do You Have a Landline? BEWARE of This Scam!

We have warned contractors about the dangers of phishing scams before…but did we warn everybody? Maybe not.

Our previous warnings to the contractor community included those with email addresses and mobile phones. “Watch out and be vigilant,” we said.

However, we forgot about those with a telecommunication landline AKA a home phone. Some contractors don’t have email or smartphones…they keep it old school.

In fact, a recent report showed that 20 million people still rely on the trusty landline as a major communication hub, which means they are potential victims to scammers and criminals.

Just like the contractors who regularly answer their phone. They could be targeted by fraudsters who phone them in the morning, afternoon or night pretending to be a tax authority from HMRC.

Unfortunately, it is often elderly contractors who fall for the landline scams, especially when the scammer says the words “HMRC.” It is often all they need to say to gain trust.

According to official HMRC statistics there has been 60,000 reports of landline phone scams in the last 6 months, and experts are predicting this problem is only going to be getting worse.

Could it be that scammers are finding it more difficult to dupe contractors through email and mobile…so now they are turning their attention towards the home phone? It could be, and if true then it appears they are having a field day.

There are many different HMRC landline scams to watch out for. Some calls will threaten you with legal action or prison time, while others will try to lure you in with the promise of a tax refund.

The end goal is the same in all situations…you will get scammed out of your hard earned money. All it takes is your bank account details or a password, and in no time at all you will be wiped out and left wondering what just happened.

Or the scammers might even convince you to send them vouchers or money. The scams these fraudsters have is as long as their arm.

Our advice? If you receive any call on your landline from someone claiming to be from HMRC then simply tell them you will call them back.

Then put the phone down and go to the official HMRC website and find an official HMRC number to call.

Then phone them and see if it was a genuine call or not. If it wasn’t, then you can report the scam phone call directly to the official HMRC representative on the other end of the phone.

With all these scammers about these days its easy to get paranoid. Try not to be, although just because you are paranoid doesn’t mean they are not after you, if you see what I mean. And in the case of fake HMRC scammers they usually are after your hard earned cash.

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Your Tax Cut = Declined!

It was thought our government were going to cut tax for 2.7 million self employed workers (including contractors). So what happened?

As usual with our government their plans have turned to mush and all of those hours of careful consideration are now directly in the bin.

“DECLINED!” was the final verdict on a tax cut for the self employed, which means the hard working contractors and freelancers of this nation will have to keep on paying through the nose, month after month and year after year.

If you were looking forward to paying less tax then let this blog post be a rude awakening for you, right now, as you read these words.

Those government officials are not your friend. They are toying with you, just like a cat toys with a piece of string.

They hang that carrot in front of your face and whip your behind…constantly promising less tax while making you pay more.

Are you not fed up with being treated like this? You should be, and if you are then you can get revenge by hiring a contractor accountant.

A contractor accountant is someone who knows exactly how to help you pay less tax (legally), which means you no longer have to wait around for the government to give you a helping hand.

Instead, you can now take control of your own financial destiny by choosing one of the best contractor accountants in the UK.

Imagine paying a contractor accountant £100 a month and then paying £500 a month LESS tax.

I don’t know about you, but in my world that is basically free money. You can literally profit by hiring a contractor accountant. You can buy pounds for pennies.

You have to act fast though because the contractor accountants we recommend (the best) have very limited places on their schedules. They can only take on so many clients because they like to have personal relationships with each and every one of them.

This isn’t the type of accountant relationship where you speak to a robot on the phone. You get a personal service where they know your first name and the name of your dog.

Back to the story, and the government had originally planned to get rid of Class 2 National Insurance contributions for 2.7 million self employed people, which is roughly half of our nations self employed.

A politician has called it – “a betrayal of self employed people.”

I agree…and I’m sure you do too. So you know what to do…hire a contractor accountant right now.

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44% of Contractors Owed Up To £60,000

There is nothing worse than putting your sweat and tears into a project, only to be “stiffed” when it comes time to getting paid.

Unfortunately it’s a common occurrence in the contracting world, where, according to a new survey, around 44% of contractors have completed projects in the last 12 months which have yet to be settled.

In other words, these contractors are still waiting for that “cheque in the post.”

Some contractors would even be willing to take a postal order…if it meant getting paid.

What makes this whole situation really gobsmacking is the fact that some of these unpaid projects are for £60,000.

Yes you read that right. Some clients seem to think it’s okay to leave you waiting for that kind of money.

You need that money to pay for your mortgage and to put food on the family table, but these clients just don’t care.

Sometimes they don’t even pay at all, and will do everything in their power to make sure you get “nuthin.”

Despite all of this doom and gloom, the report by IPSE (The Association of Independent Professionals and the Self Employed) did give us a slightly happy ending…going on to conclude that most contractors were satisfied with their work.

Regular readers of this blog will understand that right now is a boom time to be a contractor, and if you play your cards right then money should flow to your bank account.

Not only that, but when you have a trusted contractor accountant at your side you can expect to pay less tax (legally) and keep the tax man or woman at bay.

Back to the survey and it is the 18 to 34 age group who reported being not being paid on time…with 58% of this age group regularly having to chase up payments from clients.

What can be done though? According to the survey, giving more power to the Small Business Commissioner might just do the trick, especially if they start handing out fines to clients who don’t pay on time.

Another suggestion was for contractors and self employed people to band together and support each other.

Perhaps take to the streets in protest or even form angry mobs and vigilante groups to bring about their own version of “late payment” justice.

While the latter might be a bit extreme, it’s worth noting that contractors getting together might very well be the first step in stopping late payments once and for all.

My advice is to connect with other contractors in your industry via social media and forums.

“Contractor Power” will eventually win the day!

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UK Contractors Are “In The Line of Fire” – Yet Again!

Regular readers of this blog will be well aware of the vendetta against ordinary and hard working contractors. They are always “in the line of fire.”

How so? Well, it’s all about a certain Mr Philip Hammond and his Treasury gang that are constantly trying to grab tax from under the noses of our nations self employed.

These so called “tax grabs” have caused national outrage in the past of course. Who can forget when Mr Hammond tried his last tax grab? Millions took to the streets and social media in protest.

This led to Mr Hammond backing off and lying low for a bit. In the shadows where he couldn’t be seen, but now, it looks like he is ready to strike yet again.

How much is he looking for this time? It’s estimated he wants £1.2 billion pounds, and it is the contractors, freelancers, small business owners and gig workers of the UK who are going to foot the bill.

Some experts are calling his recent tax grab attempt just a bit “sneaky” and “crafty,” because he launched his latest raid under the cover of…The Royal Wedding.

That’s right. On Saturday while millions sat around their television sets and watched Harry and Meghan get married there was one man who wasn’t enjoying the festivities.

Philip Hammond was not on the guest list, and he was not watching it on the TV. Instead he was in a top secret meeting in an undisclosed location, pushing forward a bill that will affect almost 5 million people around the country.

While millions were cheering the royals as they arrived at the church…Mr Hammond was signing his name to the bill that many would say is a declaration of war against the self employed.

Then, while Harry and Meghan were walking off together as husband and wife…Mr Hammond was enjoying drinks and high fives with his treasury buddies. They were not celebrating a new royal union, oh no, they were celebrating a new tax grab that will probably go through unopposed

Last time the main mistake Mr Hammond made was that he announced his plans and gave contractors and freelancers time to rally together and fight back.

This time around there will be no fighting back.

So, contractors who are reading this right now, just be aware that you are going to be paying more tax over the coming months and years.

You might not see an immediate impact, but with these new secret weapons from the Treasury and a kind of warfare that is no longer set forth on a level playing field…well, you don’t really stand a chance.

The only way is to limit the damage. They call it damage limitation and that is something a contractor accountant can help you with.

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Phish Don’t Swim…They Steal

Phishing has nothing to do with going out to the canal with your rods and bait. A recent memo from HMRC reminds us of that.

I’ve reported before on how innocent contractors are getting dodgy emails and texts from scammers who pretend to be from HMRC.

The official name for this scam is “phishing,” and according to HMRC there has been 1700 reports of it during the last 2 weeks.

What happens is that an email lands in your inbox or a text comes through on your phone. “We are from HMRC,” they say, “you have a tax refund,” is what they use to bait you.

Unfortunately, many contractors fall for the scam hook, line and sinker, and are reeled in by the promise of receiving a cheque in the post or deposit in their bank account. Who wouldn’t want a few hundred quid from HMRC? Most people would, and that is exactly why this phishing scam works so well.

HMRC and Action Fraud have just released a statement warning all self employed people about the need to be vigilant and aware.,

“HMRC will never use texts to tell you about a tax rebate or penalty or ever ask you for payment in this way,” they warned. “telephone numbers and text messages can easily be spoofed. You should never trust the number you see on your telephones display,” they went on to add.

Bizarrely, one way these phishers have been getting innocent contractors to hand over their cash is through Apple iTunes vouchers.

What they do is say that a large amount of tax is owed, but, it can only be paid off through vouchers for the iTunes store. Many people have fallen for it too, which just goes to show that scammers are becoming very convincing.

Another way they con you out of your money is by sending out emails that look like they are from HMRC and direct people to a website that appears to be “official” but isn’t.

Once on that website, innocent contractors put in their bank account details and other personal information, and then these con men and woman have a field day.

“Plenty of Phish,” is what I would say to all contractors and freelancers out there. Be careful.

Do you know what though? This could be easily avoided if you just hire a contractor accountant.

A good contractor accountant handles all of your tax affairs for you, and they know the difference between a phish and a fish.

No charlatan can fool these accountants, which means you can relax and not have to worry about being scammed.

Hire a contractor accountant right now, and make those phishers say “wow…better move on to the next person.” They won’t mess with you anymore.

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For Contractors Who Don’t Have Time For Tax or NI…

Ask any contractor what they dislike the most and they will all say “paying tax.” I guarantee it.

That is why a new report that has just been released is sure to become a hit among contractors around the country.

The reason? Because this report has the simple message that many have been waiting to hear:

“Pay less tax and scrap National Insurance”

I can hear the crowds of contractors cheering as those words are spoken, but, in my opinion you might to hold on a bit before firing your contractor accountant and ripping up your tax form.

A revolution on the cards? Maybe, but until the government are convinced to change anything then this report remains what it is right now…just a few pieces of paper that have been stuck together.

You know what I usually do with these reports, right? “directly in my bin” is what I normally say after flicking unenthusiastically through a few pages before turning my attention to Jeremy Kyle and the latest “Which Chav is the Dad?” Episode.

So to recap…reports usually go in the bin, but this recent one hasn’t yet, mainly because I have not read through it. Just a quick glance.

I hear good things though, and some experts are even saying that by self employed people paying less tax and not paying any National Insurance at all, then it could actually mean Billions more for the UK economy.

Even better, for those contractors out there in the higher income bracket, well, your tax obligation would be brought in line with that of an average income.

You would still need the services of a contractor accountant of course, but your tax bill would get less expensive.

It is actually a left leaning “think tank” (not to be confused with a fish tank) that has come up with this report, and what they are basically saying is that everyone should pay the same tax, no matter what your income.

A bit like the communist ideology I suppose..”we are all equal, and equal pay for all, no matter what your skills.”

Sounds good, especially when you are reading it in a text book and being cheered on by all of your fellow communist college friends..but what about when you get in the real world, what then?

Paying less tax and no National Insurance would be great of course, but the problem is that it needs to be based on reality.

So it is with great regret that this new report is going the way of all those other reports that have found their way to my desk…straight in the bin.

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Owed £400? Some Contractors Are…

Getting in your tax return by January 31st is essential, unless you want a £100 fine…but, some contractors may actually be owed £400…

That is because recent statistics show us that during the 2017-18 tax year, there is an estimated 4.7 million self employed Brits who have overpaid on tax.

Yes you read that right. Not content with giving up between 20% and 50% of their income, there are contractors out there who want to pay even more…more than they should.

Of course, they are not doing this on purpose. There are no prizes for overpaying on tax and it won’t get you into the good books of HMRC, so to speak.

The only thing that happens is you get a refund, with a short note to get your books in order and “stop sending us too much money,” no doubt.

After looking through the numbers of the amount of tax that has been overpaid by the self employed workers of our nation, experts have estimated that, on average, every person who overpaid is due around £400.

That is going to be a nice surprise to find in your morning mail. Instead of bills, bills, and more bills…it’s going to be a cheque for a change. Pay that directly into your bank account.

While there are nearly 5 million who have overpaid, there are some that have done the exact opposite…underpaid!

Guess what? These people who have deliberately or not deliberately tried to short change the HMRC are now going to be punished, to the tune of £800 million pounds sterling.

So that is quite a bit that each and every self employed person is going to pay and this includes contractors don’t forget. The HMRC accept debit card, cheque and postal order, although your credit card may be declined.

No matter if you are in the “overpaid” or “underpaid” camp, if you ask me, the number priority for you right now is to hire a contractor accountant.

This saves you from making mistakes that could get you in trouble with HMRC, and if your accountant does make a mistake, well, you can just blame them. After all, if would be their fault.

However, you don’t have to worry about your accountant making mistakes, not if you choose one of the best contractor accountants in the UK.

If you browse around this site then you will find plenty of the best, and none of the worst. It’s win-win all round really.

Even better, if you are one of the lucky contractors who is soon going to be getting a cheque for £400 in the post, then perhaps you could use that cash to hire an accountant. They soon start paying for themselves.

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Corporate Tax Avoidance – UK and Holland Singled Out

We are hearing a lot about corporate tax avoidance in the news recently, and according to a new study about 40% of the money goes through the UK and Holland.

Of course, the money doesn’t hang around here for long, and is pretty soon off to tax havens such as the Cayman Islands or British Virgin Islands where many of these tax dodgers stash their cash.

The study found out that corporations within the EU avoid up to £159 Billion in tax every year, and nearly half of that goes through the UK and Holland at some point. They came to this conclusion after taking a closer look at the ownership structure of thousands of firms throughout Europe.

It’s illegal though, and that is why the European Commission have vowed to go after the corporations who avoid tax and put their money in offshore accounts. Something tells me we are going to be witnessing a crackdown over the next few years.

Figures uncovered during the study show that 23% of money goes through Holland that eventually arrives in a tax haven, while the UK was responsible for 14%. Other countries mentioned include Switzerland (7%), Singapore (2%), and Ireland (1%).

Interestingly, Europe now has a bigger corporate tax avoidance problem then the USA, where it is estimated that only £100 billion pounds makes it way through America on route to a tax haven.

It was also found out that countries typically have a strong correlation with particular tax havens and offshore accounts.

For example, corporations using the UK to dodge tax usually send their money off to places such as the Cayman Islands, British Virgin Islands, and Jersey…all of which have some kind of link with the UK from the past.

The main country that businesses in Holland send their money to is Cyprus, which has long been known as a place where people can set up an offshore bank account.

It is also alleged that many American companies are setting up a base in Ireland, and then eventually getting their money to Luxembourg in a bid to avoid tax.

Who knows for sure exactly what is going on. This study may be completely wrong and inaccurate. The only real proof of innocence or guilt is when it is proven in a court of law.

What I do know is the the vast majority of contractors in the UK don’t care about tax havens and offshore bank accounts…all they really care about is finding a good accountant and doing everything above board.

In my opinion, that is the best way to play it. Do everything legally with the help of a contractor accountant.

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Cash in Hand Jobs Should be Outlawed Suggests Report

Self employed workers that deal mainly in cash should be stopped, this is according to a new report by a guy called Matthew Taylor.

The report has been titled the “Taylor Review of Modern Work Practices” and comes in at a hefty 116 pages. I’m not sure how many people are going to read it from cover to cover, but I’m sure a few people have skimmed through and taken some notes.

According to Matthew Taylor and his report, the practice of “cash in hand” payments should be outlawed by the government, and if implemented, it would result in an extra £6 Billion worth of tax every year for HMRC.

Typically, the types of professions that accept cash are window cleaners, builders, plumbers, and other kinds of tradespeople, although it is thought that many other industries also have a secret cash society that is not often talked about.

Some have even suggested that professional contractors and freelancers take payments in cash, but who knows for sure exactly what is going on? As long as you declare everything on your tax return and don’t hide anything then I don’t really see what the problem is.

However, The Taylor Report has called for the government to do more to bring in technology for cashless payments, so that self employed people such as window cleaners and builders wouldn’t have to take any cash at all.

Also, the report went on to add that any tradespeople who are subcontracting for companies will instantly have their tax sorted out through PAYE when paid through digital payments, which would make life a lot easier for millions of self employed people.

My opinion on all of this? I think that cashless payments is the future of getting paid when you are self employed, but outlawing being paid by cash? That is just pure madness if you ask me.

Some tradespeople prefer to receive cash and many customers still like to pay with it. I don’t think there should be any interference from the government with this…they should trust anyone who is getting cash in hand to declare it, and if they suspect someone of not paying tax on any cash they earn, then an investigation should be launched.

As far as I’m concerned, as long as we still use cash in society, then you should have the ability to pay or get paid with it.

The Prime Minister agrees with me on this one it appears, because a spokesperson from Downing Street recently commented that there was no plans to ban cash in hand payments.

It’s good to see there is still some common sense within the government, and I’m sure they chucked the “Taylor Review of Modern Work Practices” directly into the bin at Number 10.

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Contractors Spend 19 Million Hours on Their Finances

When it comes to balancing the books as a contractor you would think the logical thing to do is hire an accountant. Apparently not.

A new survey just published shows us that contractors and the self employed in general are wasting an estimated 19 million hours every month on doing their own finances. That’s roughly 2.5 million working days that are lost, which isn’t exactly ideal if you think about it.

Contractors in the UK struggle with tasks such as keeping accurate finance records, managing cash flow and completing their annual tax return for HMRC, although a third of those surveyed said they were stressed out because of it.

Not only that, but nearly half admitted they didn’t really have any confidence in their own abilities to manage the finances, so it makes you wonder why they are doing it? Perhaps they just haven’t found the right accountant yet.

15% of people in the survey commented that managing their finances was the least enjoyable part of their business, while 43% said they were frustrated and 54% admitted to regularly making mistakes.

Surprisingly, 25% mentioned they often ask family and friends for help with things like balancing the books and filling in tax returns, but in my opinion, they should just spend a bit of money and hire a contractor accountant instead. No need to bother your family and friends if you ask me.

It’s not all doom and gloom though as 34% said they are in control of their finances (probably because they’ve got a decent accountant) and 42% even went on to say they “rated themselves highly” and were “confident” about their abilities.

What I always tell contractors and anybody that is self employed…if you find it even slightly difficult to do your own books and get everything right, then start looking for an accountant right away.

Yes they do cost a bit, but the right one will actually save you money. Also, it leaves you to do what you are best at, which is running your business and becoming more profitable.

At one point it did appear the government were going to make things easier for contractors and the self employed with the whole “making tax digital”, but it now seems that has been forgotten about.

Who knows if it will come back into favour at some point, and even be introduced to the self employed? For now the best advice I can give you is to hire a contractor accountant and let them handle everything for you.

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Cristiano Ronaldo Investigated Over £120 Million of Tax

Not a week goes by without a big company or famous celebrity being accused of tax avoidance. This week it is the turn of Real Madrid star Ronaldo.

The richest footballer in the world has been accused by Spanish authorities of not paying £120 million in tax on income he has received in image rights, between the years of 2009 and 2011.

This has led officials in Spain to demand a large scale investigation against the Real Madrid player, and if successful, something tells me that the Spanish government will be getting a big cheque through the post from Mr Ronaldo’s accountant.

However, let’s just be clear here…right now nothing has been proven in a court of law, and as we speak this is all just allegations against Ronaldo. It could very well be that he has done nothing wrong and that this will be easily proven.

It isn’t the first time that a high profile football figure has come under scrutiny from Spanish officials, as last year Jose Mourinho was investigated about alleged tax avoidance while he was manager of Real Madrid.

I don’t think anything ended up coming of that investigation, although it’s difficult to say for sure because the result of these tax investigations very rarely get reported in the press, especially when innocence is proven or a small settlement is reached.

Back to Cristiano Ronaldo and reports are suggesting that Spanish Authorities believe that money was diverted to a shell company in the British Virgin Islands, and that approximately £120 million of tax has been avoided.

When asked about the issue previously, Ronaldo has denied any wrongdoing, even to the point where his agent released tax records for the footballer showing his exact incomings and outgoings.

I’m sure that Ronaldo hires a good accountant and makes sure everything is recorded accurately. Who knows, he might even keep details of all his earnings in a simple notebook? I’m sure it’s a bit more complicated than that, and his accountant no doubt uses the latest accountancy software to keep everything up-to-date.

Let’s wait to see what happens on this one anyway. At the end of the day, the Spanish government are yet to launch any kind of investigation and it might never happen. Of course, Ronaldo might be completely innocent and this could quickly be proven.

I’m sure everything will get sorted out quickly so that Ronaldo can get back to what he does best, playing football and showing the world his skills.

If you are a contractor then you might not have the skills of Ronaldo, and you probably don’t make as much money as him, but you still need an accountant, which you can find right here on this website.

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Robot Workers Should Pay Tax Says Bill Gates

Bill Gates has demanded that robot workers be taxed just like any other worker, contractor, or business owner, but is this is a good idea? Probably not.

There has been many reports about how umbrella contractors are looking nervously over their shoulder and wondering if a robot is about to steal their job.

In some news stories, I’ve read that robotic machines could take 15 million jobs within the contracting world in the next few years, and if this really does happen then surely they should be taxed just like humans? That is what Bill Gates, founder of Microsoft thinks anyway.

However, not everybody is convinced that robots should be filling in a tax return and sending it into HMRC 4 times a year.

Some experts have actually noticed that in many industries where robots are becoming more common, workers are not losing their jobs, and in fact, more jobs are becoming available..mainly due to the fact that robots help generate extra profit for the company.

To give you an example, the car industry of America had approximately 60,000 new robots working for them between 2010 and 2015. During that same time, they also hired an extra 230,000 human workers. Coincidence? I think not. In fact, similar things have happened in both Europe and Asia.

Maybe things will change in the future as robots become the dominant force in the workplace and millions of employees and contractors find themselves down the local job centre? Perhaps, and it could just be that Bill Gates knows something we don’t.

He probably didn’t read the research published last year though, about how robots and automation results in more tax for HMRC and other government agencies around the world.

Well, I have quickly browsed the report, and I must say that it left me impressed, to the point where I have decided that “robots should NOT be taxed.”

Leave them alone and let them get on with what they do best…automation, repetition, and doing the job they are hired to do.

It is better for the UK economy if robots don’t have to fill in a tax return if you ask me. Let’s make it easier for British companies to invest in automation, which in turn should make them more profitable.

Not all contractors will agree with me though, especially those in professions where robots are expected to take over.

I’m sure they will side with Bill Gates and hope that robots have to pay tax just like everybody else, which means it might not be as easy for companies to replace humans with robots.

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Lloyds Business Banking – Over 100 Branches to Close

There are many contractors out there who appreciate the fact they can visit their local Lloyds bank to pay in or draw out money, but things are changing.

It’s just been announced that Lloyds are closing over 100 local branches around the country, which means a loss of 325 jobs.

This all comes on the back of 225 branches that have already closed in recent months, with it all expected to hit 400 in total by the end of the year. Gone are the days of going into your local bank and queuing for half an hour to pay in a cheque it seems.

A spokesperson for Lloyds recently said that all of these closures were due to “changing customer behaviour.” In other words, most contractors are now doing their business banking online.

Who can blame them? Would you prefer to be standing in line at your local bank at 4pm on a Friday afternoon at the end of a week of work…or would you prefer to simply use an ATM, or do your transactions online from the comfort of your office or home? The choice is clear for ,many people.

However, that isn’t to say that local banks will disappear from the high street completely, as Lloyds have announced plans to replace many of their closed branches with “futuristic” hubs that will serve contractors in the new world.

These futuristic banking hubs will have no counters, minimal staff, and be around 45ft by 45ft in size. Some experts are predicting that hundreds of these new type of branches could soon be hitting the high street, with robots taking over from humans when the technology becomes available

We may even get to a point where contractors will be sending their robotic assistant down to the local “banking hub” to pay in money to a robot. It might sound far fetched, but it’s actually closer than you might think.

There are some people out there who are outraged their local Lloyds bank is closing though. A common argument is that a sense of community is being taken away from many high streets around the country, with many towns now having no Post Office and no Banks.

I agree to a certain extent, but we must move with the times, and if customer habits are changing then major companies such as Lloyds should adjust their business accordingly.

How do you find out if your local Lloyds branch is closing? Check out their official website for details.

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The Best London Commuter Towns for Contractors

Statistics show that average property prices in London are now £585,517. Yes you read that right, and it is the main reason most people can’t afford to buy.

There are many contractors who work at firms and companies in our nations capital, but for the majority of them, living in a so called “commuter” town is the best way to get in and out of central London.

Some of these commuter towns have property at just over £200,000, which make them affordable for most contractors that have a decent income, while at the same time only being a short train ride or drive from work.

If you really want to get the best value for your money then you might want to consider moving to the East Midlands, where the average property is priced at £190,000 and regular trains run to the capital.

However, for most contractors they want to live in a town that is close to London while still being able to get to work without too much hassle.

If this includes you, then consider some of these best London commuter towns:


In the quiet area of Swanley you are only about 30 minutes away from the centre of London, and with an average house price of around £350,000 you can certainly save a bit of money.


On a budget but need to be close to the capital? Then you might want to consider the commuter town of Ebbsfleet. You will only be 18 minutes away from London, while the average house price is £220,000.

Not only that, but many experts are predicting house prices in this area are going to start getting more expensive soon, which means now is the time to get in and invest.


If you live in Slough then it will take you 17 minutes to commute into central London on a train, which costs around £3200 a year. With the average house price in Slough currently being £338,500, it definitely makes this an area worth considering for contractors if you ask me.


The average house price in Sevenoaks is not cheap at £659,800, but reports suggests it is a very nice area and a great place for contractors who want to spend their money in style, while having a place to get away from everything.

The commute from Sevenoaks into the capital is 32 minutes and costs an average of £4000 a year if you go on the train.


So there we have it…the best London commuter towns. Perfect for contractors or anyone that works for a company in the capital.

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  • Switch Accountants for FREE

    Switch Accountants for FREEAt K&B Accountancy Group we have introduced a simple and straightforward approach to changing accountants. We’re offering contractors, consultants and freelancers the opportunity to switch to K&B Accountancy Group for FREE without the need to pay for any ‘catch up’ or retrospective accountancy fees for the previous year’s accounts and corporation tax return* *T&Cs apply

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