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Showing posts from July, 2023

The Icon Accounting App - Your Contracting Companion

At Icon Accounting, we recognize the changing nature of independent professional work and are committed to constantly enhancing our services to provide even greater value to the contractor community. An essential element in achieving this goal lies in our cutting-edge technology - we are determined to ensure that our valued clients never settle for anything less than a seamless contracting experience that feels effortless. In this blog, Sanda Rusu from our Business Development team, unveils the latest features that propel the Icon Accounting App to new heights.  Keep reading to find out why downloading the app should be your top priority as a contractor. All Your Contractor Needs in One Place You do your contract job; we’ll do the rest – that’s the ultimate goal at the core of Icon Accounting. We understand that as a contractor, your time is valuable. That's why we continuously invest in improving our technology, our user experience, and the essential functions required by

Celebrating the Independence of Being a Contractor

As an independent professional, you can experience a whole new level of freedom, flexibility, and fulfillment in your career. You can take control of where, when, and how you work. You can choose to take on projects that fit around your life commitments and of course, your passions too, allowing you to ultimately achieve the work-life balance and career satisfaction desired. In this blog post, we'll dive into the exciting benefits of being a contractor that has professionals around the world cheering for independence. Unleash Your Flexibility As a contractor, you have the power to shape your own working hours. If you need to work around family requirements or changes to schedules, contracting can allow you to accommodate these important aspects of your life. Want to start your day with a sunrise yoga session? No problem! Need a mid-afternoon break to pick up your kids from school? You've got it! Being a contractor allows you to design your workday to fit your personal

Then and Now: A decade evolution of how we work

Over the past 10 years, the world of work has undergone a remarkable transformation. The traditional model of long-term, permanent employment has given way to a more dynamic and flexible work environment, with companies worldwide embracing agile and adaptable workforce policies. As a result, the contracting industry has witnessed an exponential rise in popularity. Over the past 10 years, the world of work has undergone a remarkable transformation. The traditional model of long-term, permanent employment has given way to a more dynamic and flexible work environment, with companies worldwide embracing agile and adaptable workforce policies. This shift has been driven by various factors, including globalization, technological advancements, and changing attitudes toward workforce policies. As a result, the contracting industry has witnessed an exponential rise in popularity. Contract work has emerged as a valuable solution for companies seeking to tap into specialized talent pools to

Demystifying the Tax Return Process: Get ahead of the rest and complete your return now!

Filing your tax return in Ireland may seem complex, but that’s why we are here! In this blog, our expert tax team answers the top questions they receive, explains why starting the process early offers numerous benefits, and discusses how you can start completing your checklist today!   Who needs to complete an income tax return? Not everyone in Ireland is obligated to file a tax return. If you operate as self-employed, as a director of a company, are a landlord or receive rental income, or have additional sources of income beyond full-time employment, you will need to file an income tax return. Another factor to consider is the time you received the non-PAYE income, such as by operating as a company director or being self-employed. For tax returns submitted in 2023, the income declared will actually relate to the previous year of 2022. This means if you operated as a company director or were self-employed for any duration of time in the 2022 tax year (January to December), you will nee

Choosing the Right Company Set-Up for Your Contract Work - The Key Considerations to Keep in Mind

Embarking on a career as a contractor offers exciting prospects, providing flexibility and autonomy to independent professionals. However, one crucial decision you'll face is selecting the appropriate company setup for your contracting work. With various options available, each with its advantages, it's vital to understand the implications of each structure. In this comprehensive guide, we will explore the considerations you should bear in mind when starting a contract role or reviewing your current structure. We'll also provide insights into the different company solutions available, highlighting their pros, and cons, and how they can be the perfect fit for your contracting needs. Considerations for Choosing the Right Structure: When contemplating what company solution fits your needs, several key considerations come into play: Start Date and Set-Up Timeframe: Consider the start date of your upcoming contract and the time required to finalize the company s