Wednesday, May 4, 2022

What is your financial profile, and how to calculate it as a contractor?

The shrewd won’t skimp on a financial profiling adviser who, in turn, shouldn’t skim over the key financial areas that inform PSC workers of their worth.

Contracting overseas is still limited, but three destinations have an edge as covid restrictions ease

Few and far between are your options for working abroad, although Cyprus looks more of a go-to than Spain and the Netherlands.

Tuesday, May 3, 2022

Unlike Neil McCann, contractors, keep your eye on the IR35 ball of control, mutuality and personal service

Don’t get caught offside by the taxman with generic contracts; key factors against you, and witnesses that fail to score for your side.

Treasury response to umbrella company call for evidence ‘will be brutal for the FCSA’

Fresh from clearing JSA, the compliance group is told of ‘a lot, lot more’ to come than just a holiday pay pocketing allegation.

Friday, April 29, 2022

Thursday, April 28, 2022

IR35: Seven in ten contractors forced into umbrella companies

‘Absolutely sickening’ of government to push bonafide business owners into ‘benefit-less’ employment.

With insolvency it seems the numbers don’t lie, but are contractor companies already past the worst of it?

Just like CVLs, insolvencies are going in the wrong direction for the recovery effort. So let’s all hope IR35 determinations continue to turn the corner.

Wednesday, April 27, 2022

Tuesday, April 26, 2022

Contractors, are you keeping your limited company safe with these cyber-security steps?

Log-on to an accountant’s webinar on cyber-security as a PSC, now that hackers have undone a string of contractor service providers.

Friday, April 22, 2022

As a new contractor with lots of permie experience, do I need to bother much with a CV?

‘Your numerous promotions yesteryear won’t count for much in the contractor market, even if you are a 30-year tech veteran.’

Thursday, April 21, 2022

How to buy gifts for your clients and claim on expenses

Boost morale, say thanks or just get a little extra out of your limited company. While being aware of HMRC traps.

Advisers to contractors back HMRC finally ‘naming and shaming’ avoidance promoters

Despite it being 15 years overdue, and him still not ‘cutting off the head of the snake,’ the taxman’s new blacklist is being welcomed.

Wednesday, April 20, 2022

What McCann Media Ltd losing to HMRC on IR35 means for IT contractors

The game of two halves is also a game of opinions – a bit like IR35, which another Sky Sports presenter has been defeated under.

Tuesday, April 19, 2022

Can my limited company pay for my director’s life insurance?

Paying for death-in-service benefits via your PSC can be non-taxing for you and your loved ones -- if you get it right.

IT contractor launches petition against Preferred Supplier Lists

Sympathies abound but unless the law changes, brollies get regulated, or the EASI intervenes, ‘Faustian deals’ look set to continue.

Thursday, April 14, 2022

Boox responds to MSC investigation by HMRC, slamming it as 'misguided'

More contractor accountants getting assessed as MSCPs is ‘obvious,’ but, for now, one firm is fighting back, forcefully.

Is HMRC accusing you of being a Managed Service Company? Control will be the key

The taxman is seeing how far the boundary of the 2007 rules will stretch, to snare perhaps thousands of PSCs in his net.

Wednesday, April 13, 2022

Monday, April 11, 2022

Fairness in taxation. Legality in taxation. Often contractors, they don’t co-exist

‘Just because you can doesn’t mean that you should.’ And other tax/life lessons that Akshata Murty’s status row can teach us.

Non-dom status storm wobbles an already shaky Rishi Sunak

Chancellor’s ‘whopping’ fall from grace could be cushioned by his wife now agreeing to pay UK tax on dividends.

Friday, April 8, 2022

Thursday, April 7, 2022

HMRC’s approach to IR35 has hampered your ability to work in the UK

Drilling down into the worrying reality that it’s now harder than ever to work on a contract basis -- courtesy of the taxman.

How contractors can secure a 15% IR35-related rate rise

Get your contractor pay up, up, and away, before potential ‘soft-landing’ ending jitters grounds it in the doldrums.

Wednesday, April 6, 2022

End of IR35 soft-landing a ‘big opportunity’ for ‘militant’ HMRC

Penalties being issuable from today for off-payroll non-compliance could scare clients into IR35 status caution.

When clients reverse your contractor IR35 status overnight

A survival guide to shock horror – your ‘outside’ IR35 status getting ripped up and replaced with ‘inside’ IR35.

Monday, April 4, 2022

HMRC using MSC legislation to extract 'tens of millions in tax,' contractors warned

Out of the blue yet predictably, HMRC sends assessments to PSCs and their accountants -- as it tests ‘the floodgates.’

Friday, April 1, 2022

Thursday, March 31, 2022

Wednesday, March 30, 2022

National press covers umbrella companies falling victim to Companies House cloning

The Mirror reports on the contractor sector’s new fraud, with serious implications for ‘brollies and their users’ not being prevented by the BEIS agency.

What is a tangible fixed assets depreciation policy?

For contractors, the key is to draw up something that’s reasonable, to meet the ‘true and fair view’ requirement.

Monday, March 28, 2022

Remortgaging is trending since Spring Statement 2022 so contractors, get in fast

Money Saving Expert agrees -- for those looking for the best mortgage deal, banking on anything less than a broker isn’t a risk worth taking.

Pressure heaps on Rishi Sunak following Spring Statement 2022

A contactless card; someone else’s Kio Rio and even his wife’s reported dividends. The chancellor’s response following his mini-Budget has not been on the norm.

Thursday, March 24, 2022

Wednesday, March 23, 2022

Spring Statement 2022: ‘Quiet’ for contractors despite take-home pay reverberations for all

‘Nothing much’ new from the chancellor affecting contractors gives pause to tot up how much he’s giving, and taking away.

Spring Statement 2022: chancellor’s full speech

Rishi Sunak delivers his mini-Budget, ‘to build a stronger, more secure economy for the UK.’

Recovery Loan Scheme: what contractors need to know

Potentially due to feature at Spring Statement, RLS is open until June -- pending a change of heart from the chancellor today.