Contractors can now compare how much they can earn through PAYE, an Umbrella Company or a Limited Company, with a new contractor calculator by Independent Contractor Services (ICS).
The calculator, available at http://www.ics.me.uk/contractor-tax-calculator, is designed to be fast and simple to use. Contractors simply enter their daily or hourly rate and – if they wish – an estimate of their annual expenses.
John Lyon, Managing Director of ICS, comments, “We are often asked for advice by contractors that are looking for the best way to manage their income. Although we always recommend getting a custom report, we realised that an online calculator would be a really useful way to provide a guide to the best option for contractors.”
A custom income report, based on a contractor’s individual circumstances, can be obtained free by calling 0800 195 3750 or by emailing info@ics.me.uk.
Independent Contractor Services Ltd was established in 2002 to provide individual accountancy, tax advice and administrative services to professional contractors.
ICS is now one of the leading specialist providers of services to contractors in the UK, and has helped many hundreds of contractors working in dozens of industry sectors through their Limited Company, Umbrella Company and Sole Trader services.
For more details please visit www.ics.me.uk or call 0800 195 3750.
