This guide has been developed by the Partners of Forbes Young and is meant to be used as an informative and useful resource for people new to contracting or freelancing (for the purposes of this guide contracting and freelancing mean the same thing). It is a guide up to the point in time when the business owner actually appoints an Accountant.
There is a minefield of information already available from different forums throughout the internet. We feel strongly that every prospective contractor should understand the world they are about to enter and not just “jump‐in” to a contract without considering every possible angle.
Please note‐ this is an actual guide and not based on rumour or misinformation. The partners at Forbes Young have over 140 years of experience as practice Accountants between us and have tried to condense that wealth of knowledge into a short guide. It is set out in the form of a series of questions and answers. If you want clarification regarding any part of this guide or have any other questions then please feel free to ask us any questions you have.