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Postby Fengjingye » Sat Sep 16, 2017 2:44 pm

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Workers from all industries need to use this type of accountant; however, there are some industries where the majority of people who work in them are contactors. Good examples of this are those who offer consultancy services, or those who write computer software.

Many builders also work as contractors, being employed for the duration of a specific job. Many of the builders who built the 2012 Olympic venues were contractors rather than long-term employees of the companies who were responsible for building these venues.

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Up until this point, many freelancers had the necessary skills to manage their own tax. But, these new tax rules changed all that making it essential for the majority of them to employ contractor accountants. They do so because those accountants understand the tax law inside out and save them thousands every year in tax. For example, they know how to word a contract, to avoid being seen by the taxman as a regular employee and having to pay PAYE tax and not being able to claim back expenses.
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