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What are Contractors

What are Contractors?

What are Contractors? Contractors are professionals who offer skills and services to companies for a specified period.  Contractors can be contracted for a specified number of hours or a time frame. Contractors can either be self-employed or work as sole traders. Or they can manage their limited company. A contractor is a person…

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Are contractors self employed

Are Contractors Self Employed in Indianapolis?

Are workers for hire independently employed? the solution to this question is clear and explicit. The Internal Revenue Service (IRS) views self-employed entities as independently employed people. Self-employed entities and independently employed individuals have similar duty allowances. Independently employed people have a few duty derivations that can be utilized to bring down their independent work…

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Contractors

Expenses without the scandal: tax deductible expenses for IT contractors

Most IT contractors will almost certainly cite "financial control" as a factor to consider when choosing an independent career and a thorough understanding of tax-deductible expenses. Critical to achieving that control and maximizing your profits. First, some ground rules. For IT contractors working outside of IR35, cost management is part of taking care of the bottom…

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Contractors

MSC legislation – HMRC launches new campaign against contractors

Managed Services Company (MSC) legislation is making headlines again in 2022 as several third-party accounting firms and their clients face HMRC scrutiny. What is the legislation for escrow service companies? The MSC rules were introduced to combat tax avoidance through compound arrangements. Service providers would provide a wide range of services to their limited liability clients, who…

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