Tag Archive | "hire a contractor accountant"

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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129 Premiership Stars Accused of Tax Avoidance


It was only a few weeks ago that Wayne Rooney was under scrutiny for tax avoidance…well, now you can add 129 more players to the list.

Not just any football players either. These are top of the line Premiership Stars we are talking about here. The kind you see on Sky Sports and BT Sports week in and week out, diving around and hugging each other when a goal is scored.

Yes, it is those very stars who are now being looked at very closely by HMRC. 129 to be exact, although the names are yet to be released.

What we do know as of right now is one player on the list is a very famous ex Manchester United Star.

Apparently, this former red put nearly 33.5 million quid into something called a Kingsbridge scheme, in what HMRC are claiming was tax avoidance. The taxman is now trying to get at least 70% of that cash back.

Are these just helpless football players who didn’t understand what they were doing, or are they cold and calculated…ready to avoid tax at all costs? Many experts are claiming it is the latter, and with the help of clever accountants they are avoiding millions in tax every single year.

Of the 129 Premiership Stars on the list, it is estimated that a total of £250 million was put into the Kingsbridge scheme, although some pundits say this could just be the start of an avalanche that might send shockwaves through the footballing world.

Another of the clubs named on the list is Liverpool, so we can be sure that it will be headline news around the world when everything is eventually revealed.

Which brings me to an important point. In my opinion, I think there is a fine line between hiring a good accountant and hiring an accountant that is “too good.”

Take your average contractor for example, who might not be able to hit a barn door with the ball at their feet and probably wouldn’t do very well if they took to the pitch at Old Trafford or Anfield.

What contractors do have in common with Premiership Stars is the desire to pay less tax. That is something everybody wants.

The difference is that doing it legally won’t get you in trouble with HMRC, while doing things that are considered shady like investing in offshore schemes, well, that will get you in trouble.

That is why you want to be careful of accountants who try to claim you won’t pay any tax at all. It just isn’t possible (legally) and I reckon some of these football players might have been taken in by the hype.

Instead, what you want to be doing is hiring a contractor accountant who is good, and can save you tax (legally), but also keeps you on the right side of the law.

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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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“Unfair Tax Bill” Says Rooney


Wayne Rooney, the former Manchester United and current Everton football player has recently got a letter from HMRC in the post…he wasn’t impressed.

This letter wasn’t to congratulate him on his fantastic football career and it wasn’t to send him warm regards about the recent birth of his son…no, it was to demand payment for a cool £5 million pounds.

“Chump Change!” is what many pundits are no doubt saying when it comes to the finances of Wayne Rooney and his ability to pay this tax bill from HMRC, but I’m sure that Wayne is not exactly enthusiastic about writing out a cheque for 5 million smackaroos when that money could have been going elsewhere. A few new Ferrari’s and an exotic holiday in the Summer for all the family.

Well, it looks as though the Rooney family may be on their way to Skegness for their summer hols this years, because with 5 million gone out of his bank account I’m sure they will be on the lookout for more of a budget option.

What appears to have happened is that Rooney invested some of his money in some kind of film finance scheme, although these kind of schemes have since been called “controversial” by many in the media.

It seems that HMRC are of the same opinion, because they now want paying for back taxes…and if there is one thing we all know, it is the fact that when they demand a payment then you better pay up or be prepared to take the matter to court.

However, I don’t think that Wayne Rooney would be the kind of guy to fight HMRC in a vicious court battle. Sure, it would make headline news and be a saga that played out over weeks or even months, but when you consider his focus is on scoring goals for Everton right now, well, if you ask me it would a good idea to just pay the thing, learn his lesson, and move on.

With that being said, a source close to the England footballing legend has gone on record to say that Wayne is “furious” at the matter, and has even commented that it is “ridiculous and unfair.”

It is also believed that Mr Rooney was only acting on advice from a finance expert that he trusted, but now the whole thing has sunk faster than the Titanic, well, the expert has disappeared like the Mary Celeste and our man Rooney is not impressed. Not one bit.

This does go to show you though, that when you take the advice of people that claim to be “experts,” but in actual fact couldn’t organise the proverbial – getting very drunk in a brewery – then you can’t really complain when things start to get a bit tasty.

5 million quid tasty of course, which is something that the average man and woman on the street could never envision being billed for, and even if they did it would only take a short note to the HMRC saying something like, “sorry, I haven’t got that kind of cash right now.”

This whole story does prove that even high paid football stars sometimes take the wrong advice. If they can, then so can you…the hard working contractors and freelancers who just want to make a decent amount of money for yourself while working less.

That is why you should only take advice from the right people, such as contractor accountants who know exactly what is within the law, and what isn’t. You can find such professionals right here at this website.

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HOW LONG? 26 Million Hours…That is How Long


With the tax return deadline just around the corner there is one thing we know for sure…contractors are going to be spending time “self assessing.”

How long exactly? According to a recent survey it is going to be a collective 26 million hours that contractors and the self employed in general are going to put in over the tax return season. No matter if they are filling in those returns online or offline, it definitely is a lot of time that is being spent.

The survey went on to find that 47% of contractors who have previously filled in a tax return, well, they take, on average, between 1 and 3 hours to get the form filled in and then sent off to HMRC.

A simple click of the button if they are doing it online, or, placing the form carefully into an envelope and then slapping a stamp on before putting going to the postbox if doing it the traditional way. A postie in shorts will pick it up shortly.

How about this…the survey went on to find that 29% of self employed people (which includes contractors and freelancers) have got the process of tax form “filling in” down to a smooth 1 hour or less. They don’t mess about, and are usually done in time for lunch.

However, when you consider that mistakes are becoming more common on tax returns, to the point where HMRC are regularly handing out fines and other punishments, then maybe some of these people should spend a bit longer than 1 hour making sure they do it right.

Not everyone finds filling in tax forms a piece of cake though, with 20% mentioning it takes them more than 3 hours to get it all done and a staggering 4% who say it takes them more than 15 hours.

Yes you read that right…15 hours! Some people could really do with a contractor accountant if you ask me.

Of course, keeping your books in order and storing away all of the receipts and invoices will go a long way to making sure the season of tax returns is a happy time, but, and this is a big but…if you have a professional such as a contractor accountant in your corner then they can save you a whole lot of hassle.

Not only that, but many contractors mention how their accountants also save them money…often paying for themselves, no doubt.

Back to the survey and 34% said they have trouble understanding the complicated forms provided by HMRC, while 10% complained they have to spend too much time looking up definitions of words in the paperwork.

Perhaps a new and improved form could be a good idea, one that is written in plain English and easy to understand? Maybe.

What I do know is that you will find it very simple to hire a contractor accountant right here at this site. Take a look around and see who we recommend. Only the best, that is for sure.

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