Tag Archive | "hire a contractor accountant"

AVOID This Tax Return Guide


Here at ContractorAccountants we are looking out for you. We are in your corner and on your side. You can count on us.

The same can’t be said about a certain high street shop called WHSmith. Perhaps you’ve heard of it? Maybe you’ve even gone in and purchased something?

If you go in WHSmith on a regular basis then take our advice and STAY AWAY from their books, especially the books in the “tax advice” section.

The reason? Because it has just come to our attention that WHSmith have been selling a tax return guide book in their store…with information from the 2014-2015 tax year.

Yes you read that right. This tax book was being read by contractors and freelancers all around the country, even though the information they were getting was a few years out of date.

Not only that, but it is thought the book had been a “bestseller,” which means there could be thousands of contractors and freelancers with outdated information in their hands.

Know this: The tax rules imposed by HMRC change on a year to year basis and it is essential you get the very best information which is bang up-to-date.

If you ask us…this is the exact reason why you should STAY AWAY from tax return guides or tax books in shops such as WHSmith.

These books are like newspapers. Headline news one day, and fish and chip wrappers the next.

So where should your tax information from? In our opinion, the only source you should trust is the words coming directly from the mouth of a trusted accountant.

Not just any old accountant either. If you are a contractor and you want the most fresh and up-to-date tax return guides, information, and advice…then you need to speak directly with a contractor accountant.

Fortunately, we have a handful of very trusted contractor accountants right here on our site. We recommend them highly. They have our seal of approval.

Even better, you can visit their website and then get their phone number, and give them a quick call on the dog and bone.

I guarantee you will get more information (that is right up-to-date) from speaking with a contractor accountant for 10 minutes than you would reading a book from WHSmith for 5 hours.

As you can imagine, the price of hiring a contractor accountant is more than the price of a book, but then I’m sure you will agree you get what you pay for.

Buy a cheap book from WHSmith and get out of date information that could land you in trouble with HMRC.

Hire a contractor accountant and right up to date information that keeps you on the good side of HMRC and can even save you money on tax legally.

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HMRC Collect £122 Million In Tax…Abroad!


If you thought hiding money in offshore accounts or overseas bank accounts was a good idea, then think again. No more, is it a good idea.

Here at Contractor Accountants we have always been against offshore and overseas shenanigans, and we really dislike those Billionaire Playboys.

Our motto is simple:

“Do everything above board and by the book and you will avoid having the book thrown at you by a judge in a court of law before they slam down the hammer and send you directly to prison for a very long time!”

That is our motto.

However, not everybody is listening to us here at CA. They are still acting like rascals and trying to hide money from HMRC by stashing it abroad.

Well, there is a new sheriff in town, and it goes by the name of “CRS.” The new CRS rules state that more than 100 countries can now share tax data, which makes it easier than ever before to catch the tax cheats and dodgers.

So easy that HMRC have just collected £122 Million pounds in tax on overseas assets. And it is all thanks to CRS.

CRS stands for Common Reporting Standard, and it allows HMRC to get data from banks, investment entities, insurance companies, trusts, and foundations from all over the world.

You can have money in Spain or Saudi Arabia…In Mexico or Malaysia…thanks to CRS it is no longer safe from the prying eyes of HMRC.

Right now, as we speak, there are over 3 million UK taxpayers with financial interests abroad, and if this includes you then we advise you to do everything in compliance and in line with HMRC rules.

The best way is to hire a contractor accountant who can look at your situation and tell you the best way forward.

A good contractor accountant will help you pay less tax legally…and they will show you ways to save money on tax you wouldn’t believe, all above board.

They might even advise you to ship money from abroad and back to the UK. They are the Captain’s and they know the right course to take.

For example, if you had been consulting with a contractor accountant last year, then you would have known about the new RTC rule, which gave British tax payers a grace period before the CRS rules came into effect.

17,000 British tax payers took advantage of this, which means they didn’t get caught with their pants down. Many of those 17,000 would have been with a Contractor Accountant. You can bet on that.

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Accountant Loses 3 Stone WITHOUT Dieting


There is an accountant in Australia who has burned fat and got a six pack…while munching her way through 3000 calories a day!

Danica is her name, and by day she is a hard working accountant who helps her clients balance their books and save money on tax.

Up until recently she had always been on fad diets and starving herself…but it never worked. In fact, she always ended up gaining weight because she would eventually stuff herself with junk food.

Not only that, but Danica would spend hours a week in the gym, doing endless cardio and stupid workout routines. Only to be left depressed, tired, and hungry, and with no results to show for it.

Then she tried something different. Instead of eating less and exercising more, she decided to try…

Eating more and exercising less!!

Yes you read that right. Danica started to eat 6 meals a day of roughly 500 calories a meal. A lot of times she would be hard at work with a contractor or freelancer, balancing their books and keeping them out of trouble with the tax man or woman, and then, she would take a quick 10 minutes to eat meals such as…

meatballs and pasta…chicken and rice curry…turkey mince and sweet potato…vegetable soup with croutons.

She really did enjoy her food. And it didn’t stop there, because she also enjoyed treats such as desserts prepared with fresh fruit and dark chocolate.

She also enjoyed lot’s of freshly prepared vegetables…enough to make her feel full until the next meal.

This natural diet kick started her metabolism, and over the next few weeks she started to see the fat melt away like butter in a saucepan.

Even better, she became smarter with her exercising and workouts…spending less time in the gym than before.

The result? She became a lean, mean, fat burning machine, who lost 3 stone and has toned muscles and six pack abs.

She certainly did “knock out the fat” and she didn’t need a George Foreman grill. In fact, as we would like to point out…”fat is not your enemy, especially healthy fats such as Avocado, Olive Oil, nuts, and sunflower seeds.”

Here at Contractor Accountants we salute Danica for her consistency and hard work, and have no qualms passing on her success story to our trusted accountants who are listed on our site.

I’m sure many of our recommended accountants will embrace this new style of “dieting” and will quickly get abs of steel.

Oh and Danica, if you are reading in the land down under, then give us a call if you ever come for a working holiday in the UK and want to try your hand at being a contractor accountant. We would certainly consider introducing you to some of the top contractor accountant firms in the UK who might have a few job opportunities.

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Tax Bill Payment…DECLINED!


Its that time of year again. The end of the year. A time for giving, sharing, and paying…the HMRC what you owe.

The HMRC don’t care if you have “spent up” on Christmas presents and Santa Costumes. They want paying, and they want paying very soon.

Bizarrely, they recently sent out a letter to the UK 5 million self employed and gave everyone some outdated information about how to pay their tax bill.

One of the options to pay is by Credit Card, they said.

We say…WRONG!

Another option is to pay at the Post Office, over the counter, they said.

We say…WRONG!

This information is just wrong, wrong, wrong. It couldn’t get anymore wrong. Although its you, the innocent contractor, freelancer, gig worker or self employed business person who is going to suffer.

For example, if you leave your tax bill payment to the last minute and then to decide to whip out your credit card. Guess what? You will be met with a DECLINED alarm.

Another example: You go for a walk down to your local post office with a carrier bag of cash and try to pay your tax bill over the counter. Guess what? The post office manager is going to laugh in your face and then laugh you out of the door.

“I will just take a first class stamp then,” you will say…followed by “HOW MUCH?”

Back to tax bill payment options and using your credit card was was withdrawn by HMRC in January of 2018, while taking away the Post Office as an option was removed in December of 2017.

So why are HMRC still sending out the wrong information? According to them, they are in the middle of changing print suppliers and wanted to save costs. However, this has led to a right old mix up which could leave thousands of contractors with a late payment fee.

My advice on this saga? Don’t deal with HMRC directly and never attempt to pay your tax bill on your own.

Instead, you should hire a contractor accountant to do it all for you. All you have to do is pay them a small fee every month and you never even see your tax return or tax bill.

These expert contractor accountants know that credit cards and post office branches are out. You won’t ever get caught with your pants down while a contractor accountant is behind you.

While the HMRC have been sending out the wrong information, it must be noted they are now attempting to rectify the situation by sending out additional leaflets with the CORRECT information.

Then, once they have changed print suppliers we should never see this mistake again.

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A Right Royal Tax Mess


If your average contractor has to pay tax, then so should the Duchess of Sussex…And she does…directly to HMRC.

We are talking about Meghan Markle of course. The American woman who married into the Royal Family and became a Duchess.

But is her fairytale wedding about to turn into a Royal nightmare? Indeed it might.

You see, despite raking in the cash over here on British shores, Meghan is still an American Citizen, which means she might have to kick up cash to Uncle Sam to avoid the FBI knocking on her front door.

Some pundits are even suggesting that her husband, our very own Prince Harry, might even have to hand over a slice of his fortune to the USA tax people.

The reason? Because now they are husband and wife, a joint bank account is no doubt firmly in place, with both of their names on the chequebook.

They joined together at the altar…and joined their incomes together…before joining their bank accounts…but now…they might just have to pay…

Joint Tax!!

40% of their income to HMRC and 40% of their income to Uncle Sam = only 20% left for holidays and shopping trips. Not good.

Harry and Meghan. No. Excuse me…Prince and Duchess…

If you reading this blog post then please allow me to make a suggestion, your highness.

If you are getting hit in the pocket on both sides of the Atlantic then how about hiring a contractor accountant? Stay with me on this one.

The best contractor accountants can legally save you money on tax. How much? How about 20%. Some people are saving even more. And its all legal. Completely straight and narrow.

These contractor accountants are treated just like Royalty in the accounting world, and for good reason…because if they can save you, or anybody, 20% on their tax bill then they really are the Kings and Queens.

They might even be able to sort out that Royal tax mess on the other side of the pond. We can’t guarantee it. You will have to speak with one of the trusted contractor accountants we recommend to find out.

“Just give them a call,” is what we say. They will take calls from contractors, freelancers, self employed gig workers…and yes, even the Prince and Duchess.

You might even want to let your Dad know about these “accountants with the magic touch.” No, they are not court jesters. So please don’t treat them like that.

If you look to the right hand side of the page…right now…then you will find the very best contractor accountants. Fit for a King, or Prince, or Duchess.

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Making Tax Digital for VAT – Get Your Pilots License


You’ve heard us talk about Making Tax Digital many times right here on this blog. “Will it…Won’t it?” We have pondered many times.

Well, it appears that Making Tax Digital has been awarded the Green Light and all systems are go.

More specifically, it is the Making Tax Digital for VAT which has just been launched as a Pilot Version, with plans for it to become fully functional in April of next year.

The good news is that you can get your Pilots License from HMRC and take their new Pilot for a spin and see if it meets your standards.

If it doesn’t, then HMRC want to hear about it. No doubt there are still going to be a few gremlins in the system, which means they need Pilots such as yourself to really put the system through its paces.

To qualify for Making Tax Digital for VAT (Pilot Version) you should be registered for VAT and have a turnover of 85,000 pounds or above. If you meet this criteria then you are all set to start using the Making Tax Digital software.

According to HMRC, this whole Making Tax Digital thing will make it as easy as pie for businesses and self employed people around the country to get their taxes done, on time, each and every year.

This includes contractors and freelancers of course. And if you are a contractor making over £85,000 a year and you are registered for VAT, then you should also get your Pilots License and give Making Tax Digital for VAT a try.

Or you could just let your contractor accountant handle the whole thing. They have a Master Pilots License. There is no doubt about that. If they flew a real plane then it would be a luxury private jet fit for a King or Queen.

Don’t just let any old accountant handle your Making Tax Digital affairs. Most accountants are like the Pilots that fly budget airlines such as Easy jet and Ryan Air. Sure, they are not bad Pilots…but they are nothing compared to the Elite.

Our very own contractor accountants are the elite…you can take our word on that one.

So what are you waiting for? It’s expected that around half a million businesses and self employed people will eventually get signed up for the Making Tax Digital for VAT party. And once the system is ironed out then it should be easier than ever before to file your taxes.

Gone are the days of filling out forms and then sending it in the post. Have you seen the prices of stamps these days anyway?

Say hello to the new era…the Making Tax Digital era…where all you need is a computer, internet connection and…a contractor accountant.

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Hammond The Henchman


Our Chancellor Philip Hammond has been quiet recently, hasn’t he? That tax grab of his last year FAILED, but I predicted he would be back.

And back he is…with a vengeance!

Right now, as we speak in October of 2018, it has just been reported that Philip Hammond is planning a fresh tax grab on our nations self employed.

That includes contractors and freelancers. Nobody is safe from this guy.

Experts are claiming that all will be revealed during the upcoming budget, which will happen later this month.

That is the day he comes out from his bunker with his briefcase, and smiles for the cameras. Although when you look into his eyes you a see a different story.

It is the story of a man who has spent the last 12 months plotting and scheming. His barely contained rage against his failed tax grab has bubbled to the surface, and now it is pay back time.

There are some who claim that Philip Hammond is not the main Don in this gang. Those people claim that Hammond is merely a henchman and it is others who pull his strings.

Maybe they are right or maybe they are wrong, but what I do know is that when “Hammond The Henchman” goes after our nations self employed at the end of the month, there will be uproar in the streets.

Signs will be printed…people will take to social media…and there may even be a drop in support for the government in the polls…but…this time Hammond is expected to push the tax grab through and have his way.

The new tax grab is expected to bring in an extra £1.2 billion pounds a year. It goes straight out of your bank account and directly into the government bank account.

Hammond is no doubt rubbing his hands at the thought of all that cash, and once he has done his “sneaky” grab he is expected to return to the bunker and not be seen again for another 12 months.

So what can you, a hard working and law abiding contractor do about it? Should you get on the streets in protest or even leave the country and look for a tax haven?

My advice is stay where you are and be smart about the situation. If Hammond wants to do another tax raid then you need to be prepared, and the best way to do that is by hiring a contractor accountant.

Most contractor accountants have seen this tax grab coming a mile off, and they have already worked out ways you can avoid getting slapped in the face after the budget.

“Pay less tax (legally),” is the motto of our recommended contractor accountants. Contact one of them right now and see what they can do for you.

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Digital Business Tax Introduced in Spain


Some say that digital businesses have an easy time of it, in regards to tax. Many say they fly under the radar and don’t pay much at all.

Regular readers of this blog will be well aware of digital companies such as Google, Apple, Amazon and Microsoft. They pay almost no tax, despite making billions.

This is true all across the European Continent…not just in the UK.

So what is Europe going to do about it? Well, it is the country of Spain who are pulling out their big guns and getting ready for war.

The Spanish Finance Ministry have just announced plans to introduce a new “digital tax” that will apply to any business with a digital platform.

For example, Uber and Airbnb are two companies who get most of their customers from the internet, and up until now this has allowed them to pay only a small amount of tax, despite being multi-million pound companies.

Maria Jesus Montero, who is the Finance Minister of the Socialist Party of Spain (PSOE) had this to say – “We are going to look at appropriate tax treatment for this not-so-recent phenomena of the collaborative economy, particularly in the accommodation and transportation sector.”

She certainly seems to have it all figured out. No doubt they all sat round a fire at Socialist Summer Camp and worked out ways to get more tax out of digital companies.

Of course, the country of Spain is notorious for hounding companies and individuals for income tax.

Who can forget Lionel Messi and his “messy” situation. He had to pay a lot of money to the Spanish government to get out of that one.

The same can be said for whizzkid Ronaldo, who also had to write out a cheque in the millions to avoid the prison in Madrid.

Jose Mourinho was also in trouble and they even convicted the Man Utd boss of fraud, although he got off with a slap on the wrists. “Don’t do it again, Amigo,” they said.

And then there is our main man Wayne Rooney. When he got his move to Washington DC he asked Coleen what “DC” stood for?

“District of Columbia,” she replied

“I better start learning Spanish then,” he said.

So while our main man Rooney is sorting out his “Hola’s” from “Adios’s,” The Spanish Government is planning to start taxing digital companies like any other company.

Will the UK follow suit? My guess is…yes, which means if you own a digital business then you should hire a contractor accountant right away.

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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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Glasgow Woman Left “Gobsmacked” After HMRC Insult


When you call the HMRC helpline you expect to be greeted with a friendly adviser at the other end of the line. Don’t you? Not always.

In this particular story a Glasgow woman phoned the HMRC hotline to enquire about a possible tax rebate. So far…nothing out of the ordinary. Just a routine call about a common question that many contractors, freelancers, and self employed people enquire about.

And then…something very much out of the ordinary…

The woman was put on “hold” but it seems the HMRC adviser forgot to press the hold button.

The woman was then left “gobsmacked” when she heard 2 swear words directed at her from the adviser…2 words she heard loud and clear.

Here at Contractor Accountants we are not in the business of reprinting those kind of swear words. We are family friendly. People of all ages read our blog, every day.

All we can say is that the first word began with the letter F and the second word began with the letter B. If you are old enough to work that one out for yourself then you are no doubt as shocked as we were. It really does make you wonder what is going on here?

“Nothing I’d asked warranted such a reaction. I was just gobsmacked when he let rip,” said the Glasgow woman.

“Clearly, he forgot to flick a switch to put me on hold. I heard it loud and clear. It was hurtful,” she went on to add.

Not surprisingly, she decided to file a formal complaint to HMRC complaints department, and after reviewing the recordings of the call they wasted no time in offering a full apology.

A spokesperson for HMRC described the incident as “unacceptable” and that they were “sorry.” They also added that “disciplinary action” would be taken against the not so helpful adviser.

The Glasgow woman was also awarded £730 in compensation, and if you ask me she should use that cash to hire a contractor accountant to sort out her tax rebates in the future.

Did you know you can hire contractor accountants for below £100 a month? Yes you can, no matter where you are in the country.

You could be in London, Cardiff, Belfast…or Glasgow. A contractor accountant is available to sort out your tax affairs and deal with HMRC on your behalf, which means you don’t have to call their helpline.

It’s what smart contractors and freelancers do. They hire accountants to sort out the tax stuff so they can focus on what they do best…running their business and making money.

If you look to the right side of this webpage then you will find the best contractor accountants in the UK right now. We guarantee it.

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In YOUR Bank Account? HMRC Could Gain New Powers


If the tax man comes a knocking then under current rules they need permission to look in your bank account. No More! Potentailly…

New rules are possibly about to be introduced right now, as we speak, where HMRC will have the power to gain access to your bank account and snoop around…without any permission.

There will be no warning and no “polite request.” Even your bank manager can’t stop them. In fact, the bank manager doesn’t even have to tell you.

It’s thought the new rules would mean HMRC can look at your bank statements and you would never know anything about it.

Under the cover of darkness they pounce, like cat burglars in the night.

The key is left under the mat, no need for a crowbar.

Banks typically have to tell their customers if a tax official wants to snoop around in your bank account.

These usually come under the guise of “information orders” which are official requests from HMRC to look closer at the financials of someone they are investigating.

However, it seems HMRC are becoming frustrated with the amount of time these information orders take to process, and that is why they want to speed up the process by eliminating them once and for all.

In other words, they want the magic keys to your bank account. No permission required. And it looks like they are going to get it.

Uproar is the mood among critics and experts in the media world when they heard about all of this. Many believe it is a breach of privacy.

Take James Daley for example, who is the managing director of Fairer Finance. He recently said – “The system we have contains essential protections for taxpayers privacy and rights. The idea that HMRC can request information from people’s bank, from state agents and other third parties without notifying the individual is shocking.”

HMRC have hit back against the onslaught by reassuring people that nothing has been decided yet, one way or another.

“We are considering a range of options,” said a spokesperson for HMRC.

They also went on to add that even if these new powers were brought in…even then, only a few hundred cases a year would warrant it being actioned.

Still…if you want my opinion then listen closely because I am only going to say this once.

If you are a self employed contractor then it is more important than ever before to get yourself a good accountant.

Sure…you might not be doing anything wrong and you might very well consider yourself a man or woman of great reputation within the community. But…

If HMRC can gain entry to the castle, so to speak, without your knowledge, then if you ask me it is more important than ever before to make sure everything is in tip top shape.

Hire a contractor accountant right now. Do not delay another second.

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“Toughen Up” Say The HCPAC


In a recent meeting the HCPAC (House of Commons Public Accounts Committee) came up with two words…”Toughen Up!”

Who was these two words aimed at? HMRC (Her Majesty’s Revenue and Customs).

The meeting was a long meeting, there is no doubt about that, but the conclusion was short, and with those two words there has now been a chain reaction which could see many contractors and digital traders fall foul of HMRC.

According to HCPAC it is you, the average contractor, as well as thousands of digital traders who trade on platforms such as eBay and Amazon, who are avoiding their VAT (Value Added Tax) duties.

Could notorious tax hound (Philip Hammond) be the chief architect behind this new push for “more tax?” While he isn’t officially on the HCPAC, there are some experts out there who claim he is the one “pulling the strings.”

So the memo to HRMC is crystal clear…”Toughen Up” and crackdown on those tax dodgers who are depriving the government bank account of millions, and perhaps, even billions.

One pundit claims that somewhere between 1 billion pounds and 1.5 billion pounds worth of VAT is being missed out on, although it is difficult to know the exact figure until all the money is collected.

It could take a while, because as we know, many of these online eBay and Amazon traders fly under the radar and cover their tracks…avoiding their VAT duties, year after year.

Hard working contractors such as yourself…obviously YOU don’t avoid your duties and you do everything by the law.

You fill in your tax return and send it off on time, every time.

You get your tax bill and say “do you take a cheque? Every time.

You pay your National Insurance every time.

You pay your VAT every time.

The problem is that Philip Hammond will never stop, ever, until he has 100% of your income safely in the government bank account.

These new tax grabs are becoming more common, and as Mr Hammond becomes more sophisticated in his approach, he can easily pull the wool over your eyes and bring in new laws and regulations without any attention.

This is why you MUST hire a contractor accountant. Even if you are NOT a contractor.

If you are reading this news story and your business is trading on eBay or Amazon then you should also make it your main priority to hire an accountant right away.

Don’t delay, because Philip Hammond is on to you…which means you need to know how to legally pay less tax and beat him at his own game.

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500,000 Could Pay “Top Whack” Tax Rate


If you thought top rate income tax was just reserved for the rich and famous, then think again, as experts warn it could affect half a million.

Come to think of it…those “super rich” playboys and playgirls often get away scot free. It is you, the hard working contractor and freelancer who is left to pick up the tab, yet again.

While they are swanning around on their super yachts and tanning their cheeks on the beaches of Southern France…it is the British contractor who earns 6 figures a year that is being hit with 45% income rate tax.

As we speak, there is 393,000 people in the UK who pay this 45% rate on every pound they make. However, experts are predicting that around 500,000 people will soon fall under the 150k banner, which means they will also be subject to the 45% rate.

Many of these extra “top earners” will be contractors and freelancers of course. Just ordinary self employed business owners who want to do their best for themselves and their families.

In an ideal world they could bank their 6 figures and keep all of the profits, but this is far from an ideal world. This is a world where if you don’t pay HMRC, then expect them to be knocking at your front door, and nobody wants that.

A leading accountancy firm predicts that in just 5 years time over 500,000 people will be paying 45% tax. Now, more than ever before, do contractors need the services of a professional if you ask me.

What kind of professional? A contractor accountant is exactly the kind of professional that you need, especially if your income is currently or going to be around that £150,000 threshold.

A contractor accountants knowledge and expertise could take you just below the threshold (legally of course), which means you won’t be part of the 500,000.

“I’m not one of the half million,” you can shout…”It’s all thanks to my contractor accountant,” you will add.

Extra money in your pocket and a smile on your face. That is the kind of benefits enjoyed by the thousands who hire a contractor accountant on a monthly basis to look after their finances.

Not sure which contractor accountant to choose? Well, fortunately you are on the right website right now, as we specialise in bringing you the best contractor accountants that are open and waiting for your business right now.

Many of these trusted contractor accountants offer all of their years of experience and knowledge for 1 low monthly fee. Simply look to the right of the page NOW and discover the perfect match for you.

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Scotland Embraces New Income Tax System


If you are a contractor in Scotland then get ready for a new income tax system. It is now in force and ready to be assigned to your pay packet.

Scottish MPs recently lined up to sign their name to the bill that now separates Scotland from the rest of the UK…when it comes to income tax rates and bands. Is everybody happy though? Not exactly.

That’s because some self employed Scottish people (including contractors) will actually end up paying more tax as a result of the new system.

I predicted all of this of course, in a blog post a few months ago where I first commented on the plans to change the Scottish income tax system.

In that post I mentioned that not everybody would be pleased with the changes, and that some contractors might even consider a move South of the Border to friendlier tax rates.

Not only that, but I also made a point to highlight the fact that every single Scottish contractor needs to hire a contractor accountant.

With these new tax changes, and with some contractors expected to be paying a whopping 45% tax…I reckon that a contractor accountant is now more important than ever before.

Don’t even try to do the books yourself anymore. It just isn’t worth it and will almost guarantee you lose money. Be smart and get a professional on your side…a contractor accountant.

Back to the new income tax system in Scotland, and many of the Scottish MPs who signed their name to the bill are very pleased with themselves.

In their opinion, all of this extra funding will be great for local services…and let’s face it, is going to raise more cash for their wages, no doubt.

It seems to be the move that politicians go to these days when they want extra money. “Just shake down the contractors,” they say, and with those words a bill is drawn up that changes the tax system, and in no time at all it has the signatures required to become law.

Who can forget our very own Philip Hammond and his plan to go after every single self employed person in the UK. “MORE TAX,” is what he demanded, while slamming his fist down on the table and making everybody in the room cower in fear.

However, the brave men and women contractors did not cower away from Mr Hammond, and in fact, they stood firm and refused to back down to his outrageous demands for more tax.

In the end it was Philip Hammond who backed down and went back to his corner. He had no choice, although some predict he will try it on again in the near future.

My advice to Scottish contractors is to stand firm and let your voice be heard. Go to the streets of Glasgow, Edinburgh, Inverness and Fife if you have to, and demand that your taxes be lowered.

If that fails, then just make sure you get yourself the best contractor accountant in Scotland. Something which can be found right here at this website.

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