The Problem For Self Employed Contractors

Expert Mortgage Advice for Self Employed Contractors.
This is a very typical situation when you are a self employed contractor. You’ve finished your accounts for the year. Your accountant has deducted all your equipment, mobile phone costs and probably a few receipts for McDonalds for those ‘away from home’ expenses and now you have a nice low tax bill. However whether you are showing low net profit or you are a director of your own limited company and taking salary and dividend – the amount you are showing to the tax man is normally not a true reflection of your salary.