The journey has begun. You have entered self-employment & have decided to set up as a contractor. Contracting is an exciting quest to set out on – you are now your own boss, you set your own hours & you now bring in your own work.
Exciting times. However, there is a tax-shaped elephant in the room. Being a contractor also means you are now in charge of business taxes, on top of your own personal taxes. Problematic, right? Well not exactly, as you begin to get greater control over your finances, there are various ways which mean you can work more tax efficiently.
We have been providing contractors with sound tax advice on their contracting journey for over twenty years. So we have shared that knowledge in our guides below, answering everything tax-related from the basics of VAT to understanding a self-assessment tax return.