Wealth Management & Financial Planning
Contracting offers freedom, flexibility, and often higher earning potential. However, it also removes the financial safety nets that many employees rely on. Income Protection can help rebuild that foundation and support financial stability if you’re unable to work due to illness or injury, making it an important consideration in self-employed financial planning in Ireland.
Icon Accounting Updates and News
Increasingly, contractors are looking beyond a single income stream. A common example we see is contractors taking on consultancy work alongside their main role. This might involve advisory work, short-term projects, or providing specialist expertise to other clients outside of their primary contract. While this is a great way to increase income, it raises an important question: How should this additional income be structured? Heres are your options to do so.
Contracting info
Whether you’re a seasoned contractor or still finding your feet, a proper spring clean can help you tighten up your finances, reduce stress, and make sure you’re set up for the months ahead. Here are five areas every contractor should revisit – and how a bit of focus now can get you properly back on track.
Contracting info
Financial success in contracting isn’t about luck. It’s about having the right people around you. And if we say so ourselves, few are more important than your accountant. Here’s why choosing the wrong accountant can turn contracting into a stressful experience and how working with a specialist provider like Icon Accounting can make the entire process simpler, calmer, and far more rewarding.
Business Expenses for Contractors
As an independent contractor, staying competitive isn’t optional, it’s part of the job. Whether you are learning a new system, gaining a certification, or keeping up with industry changes, investing in your skills is often what keeps you in demand. In this blog, we break down what training costs you can claim as a business expense, where you cannot, and the alternative options available to ensure you still receive tax relief where possible.
Contracting info
If you’ve recently moved into contracting, one of the biggest financial questions you might be asking is: “What should I do with my pension?” Reviewing your pension when you move to contracting is one of the smartest financial decisions you can make. Those forgotten pots could be doing far more for you. And taking control of them now can have a serious impact on your long term wealth and retirement flexibility. A phrase I often use with my clients is ‘it’s your money, be involved’
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