One IT Recruiter’s personal view of making VAT payments to HMRC when running a small IT Limited Company.

Jane Stevens, UK Service Delivery Manager at Specialist IT Recruitment agency, Jenrick IT, kindly wrote this article on her views on this subject.

Having worked in the IT recruitment sector for many years, I often come across IT professionals who are a little wary of moving from a permanent role into a contract position. I have also recently come across contractors who, for many years, have been working through various schemes which now fall foul of the new anti-avoidance disguised remuneration legislation (an EBT for example) introduced by HMRC recently. Therefore the contractor’s options for running their business are now somewhat curtailed so therefore more are now seriously considering running their own Limited Companies.

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Welcome to the IT Contractors Poll.  The subject we are looking at today is how often you invest in new skills and accreditations:

To participate in more discussions regarding the IT contractor market and keep up to date with all the latest IT contracting legislation, join our Linked IN Group by clicking on the link below:

• IT Contractor Group on Linked IN

In part 3 of our Contractor Advice series we have invited Marc Morris, of 1st Option Accountants, to return and give another interview, this time focusing on the tax benefits of being a limited company contractor.

Before you read Marc’s full article, feel free to watch ther video below:

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Jenrick IT has been working with IT contractors for over 25 years and has always looked to offer the best advice available. It is to this end that we have worked with Tax and Limited company experts, 1st Option Accountants, to offer advice and help on setting up and running a Limited Company. Marc Morris of 1st Option agreed to contribute to a series of help videos that will be launched over the coming weeks and months.

Philip Fanthom (Managing Director, Jenrick IT) commented;

“We are delighted that Marc agreed to work with us on these videos. It is great to have experts in our corner such as 1st Option. Personally, I have found them to be extremely knowledgeable with a very good customer ethic. Marc has the ability to cut threw the jargon normally associated with accountants and talk to me in plain English”

In this first video, Marc gives and overview on the benefits of being a limited company contractor:

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Report on the current contractor market

Jenrick CPI discovers that this month’s contractor market report is demonstrating conflicting reports coming out of various industry sectors. Some good / some bad. I guess if we were in the drinks industry the report below is like “Gloom Light” or “Diet Gloom”!!! (more…)