RAT 5 - Isn't that what we pay accountants for?
Yes, but you have to remember that they're part of the Taxation Industry...all money-shufflers,like the taxman......when I first went self -employed, I asked another Local S-E person, who was a good accountant and on his reccomendation, signed -up with A .Z Come an interview with Mr. Revenue< I informed him that A.Z. was my Accountant....."Very good man " says Revenue"straight as a die, I play Cricket with him"
Yes! I'd dropped a brick! One pays an accountant to exploit legal loopholes and trading -structures, to benefit ones self,- not to work for Mr. Revenue.
A.Z was dropped after the first year....I explained the extra tax I would pay, was far less than his fees...or, to put it bluntly, he wasn't earning his keep.
These "Contractor" contracts are on very shaky ground I believe they won't stand up to scrutiny, and I think the key area is legal hours.
If a contractor does not fly his legal, allowable duty-hours in a year, he has a "buffer" of unused working time to sell...BUT HIS CONTRACT PROHIBITS THAT.
The whole ethos of being self-employed, is thea you are free to exploit your own talents as you see fit. The contract caps any entreprenurial intent. ( unless you pursue an entirely different trade on your non-contracted days) highly unlikely it would pass scrutiny.