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.

Can directors and employees receive gifts from a limited company?

Tax is due to be your main consideration when looking to give or receive as a PSC contractor.

Tuesday, March 22, 2022

Why Treasury minister Lucy Frazer’s reply to IR35-critical peers is so very uninspiring

Contrary to the minister’s letter, the communicating, listening, learning taxman simply didn’t make an appearance before either off-payroll rollout.

Monday, March 21, 2022

FCSA to fix 'woolly wording' on holiday pay, as it investigates 'morally indefensible' JSA Group

New FCSA code set to specify to Workwell/JSA and other member-umbrella companies that ‘use or lose it’ on contractor holiday pay isn’t acceptable.

JSA response to withholding holiday pay allegations

In full: Workwell’s statement responding to what it’s accused of doing to a contractor when it was JSA Group.

Friday, March 18, 2022

Thursday, March 17, 2022

Spring Statement 2022 suspected to start extending IR35 reform to 'small companies'

Contractors will for once hope advisers are wrong; and HMRC is right -- that it’s ‘too early’ for any extension to be a 'done deal.'

Wednesday, March 16, 2022

What are the Conduct Regulations?

An explainer of the 2003 rules, in force to govern agencies and protect all who use them -- including contractors.

Loan Charge contractors called to counter HM Treasury’s ‘glossing over’

Details are sought from contractors, to help the Treasury move towards ‘compassionate’ from ‘failing to provide’.

Tuesday, March 15, 2022

Monday, March 14, 2022

How often should contractors pay themselves dividends?

A recap of why dividends are important to contractors, when to pay them, and looking forward to April 2022.

Friday, March 11, 2022

Wednesday, March 9, 2022

Tuesday, March 8, 2022

IR35: Our not-to-worry taxman is cause for us all to have serious concerns about HMRC

The off-payroll rules are a disaster much of the government’s own making. But as the PAC effectively got told, ‘not to worry.’

Monday, March 7, 2022

Loan Charge-critical MPs hope Harra answers what Frazer failed to

Taxman asked to do better than the minister on disguised remuneration, by giving ‘direct answers’ that don’t ‘divert and confuse.’

Contractor late payment times 'getting worse, rather than better'

Findings from Wonda Pay lend credit to the Small Business Commissioner’s fear that firms are having to wait even longer to get paid.

Friday, March 4, 2022

Thursday, March 3, 2022

Can I do my self-assessment myself?

As the term implies, going it alone as an HMRC ‘self’ assessor is possible. But it’s not for the faint-hearted.

What HMRC’s IR35 session with the PAC says about off-payroll failings in the public sector

Pointing the finger, arrogant and shirking responsibility. HMRC’s appearance in front of MPs perhaps revealed more about the self-serving taxman than about IR35.

Wednesday, March 2, 2022

HMRC CEO Jim Harra 'not in the real world' on contractors and IR35

Probing the off-payroll rules, PAC chair Meg Hillier mockingly accuses the top taxman of not normally inhabiting reality.

Tuesday, March 1, 2022