A six-week procedure could be just what a business doctor would order to get your ‘Ltd’ through covid.
Friday, January 29, 2021
Thursday, January 28, 2021
Old CEST results: Is your inside/outside IR35 determination still valid?
Thanks to covid, contractors may need to do more than merely dust off last year’s status decision.
My fix for IR35 reform from April: better late than what's incoming
The off-payroll rules will make an unwieldy mess worse. Government must revert to Taylor to avoid disaster.
Wednesday, January 27, 2021
Contractors’ Questions: What does it mean to be inside IR35 or caught by IR35?
The effect on contractors is one and the same – that the off-payroll rules apply.
Contractors get four-week respite from HMRC personal tax penalties
Taxman’s decision to offer some leniency around Sunday’s self-assessment deadline is welcomed, broadly.
Tuesday, January 26, 2021
A contractor's guide to Profit and Loss accounts
The what, why, how and lingo of P&L for limited company directors.
Contractors’ Questions: Must I be furloughed for my training course to be tax-deductible?
It’s the wholly and exclusively tests that matters, whether you’re using the CJRS or not.
Monday, January 25, 2021
Contractors’ Questions: Will a Michelin takeaway count as my company's £150 Christmas party?
‘Enjoy your fancy food and drink, but not so much that you forget to keep a record.’
HMRC should practice what it preaches by not using loan charge contractors – Lords
On a long list reprimanding the Revenue, peers admonish the taxman for using workers caught by disguised remuneration.
Friday, January 22, 2021
Depreciation of assets: what limited company contractors need to know
You’ve got assets with benefits. But are you giving them the right accounts and tax treatment?
Thursday, January 21, 2021
MPs give HMRC six weeks to consider covid support for the IR35-hit 'excluded'
Taxman told to come up with explanations and offerings for the millions stung by both covid and IR35.
DISS architect to set Treasury straight on dividends
An ‘incensed’ Rebecca Seeley Harris vows a written rebuttal over HMT’s 'misunderstanding.'
Wednesday, January 20, 2021
Contractors asked to prove HMRC sent letters at Christmas
MPs want Loan Charge contractors to show the taxman chasing them over the goodwill season.
Contractors’ Questions: How long should I keep business records for?
Shoeboxes are out, but you still need a way to keep your company’s records in order for six years.
Tuesday, January 19, 2021
Contractors, does your company need to appoint an EU data representative?
There’s work to be done for Brits processing European personal data. And penalties for those who shirk it.
Contractors’ Questions: Who pays IR35 tax, now and from April 2021?
‘There’s no such tax. But what you’re referring to is soon to shift, again.’
Monday, January 18, 2021
Pressure mounts on Sunak to adopt DISS
Chancellor looking increasingly isolated in his decision not to help limited company directors.
CJRS: HMRC adds Employment Allowance section, cuts FPS detail
Two new updates to the furlough scheme are ‘easily overlooked, and obviously were by the government.’
Pressure mounts on Sunak to adopt DISS
Chancellor looking increasingly isolated in his decision not to help limited company directors.
Friday, January 15, 2021
Contractors' Questions: How much does it cost to set up a limited company?
Could be £12; £40 or £100-plus. Or even ‘free.’ But one route can pay dividends later.
Thursday, January 14, 2021
For 2021, what's the best dividend-salary mix for limited company directors?
With such a big year ahead for contracting, now's the best time to set your figures at the optimum level for tax-efficiency.
Contracting abroad: Covid’s consequences will fade, Brexit’s won’t
The negative test result you’ll need from Friday to re-enter Britain compounds the difficulties facing contracting overseas.
Wednesday, January 13, 2021
Covid puts six in 10 contractors in the dark about client IR35 policy
Pandemic ‘survival’ mode snookers off-payroll comms from reaching most PSCs.
HMRC furlough fraud probe into mobile phone records ‘not automatic’
‘Reasons and channels’ prevent your internet data being trawled, even if your CJRS usage is deemed suspicious.
Tuesday, January 12, 2021
Contractor sector echoes PM's warning to obey lockdown rules
Or don’t and risk having tighter rules, potentially on masks, supermarkets and WfH.
Monday, January 11, 2021
Demand for IT contractors grew in December due to Brexit-covid uncertainty
Far from fertile conditions to hire people permanently played into contractors’ hands just before Christmas.
Contractors' Questions: Can I submit an invoice without a PO number?
‘Keep invoicing, knowing you can pass the buck and that the law is on your side.’
Friday, January 8, 2021
Directors' Income Support Scheme (DISS): explainer for contractors
The architect of a financial support package under HMT’s consideration explains how it could make all the difference to limited companies.
Thursday, January 7, 2021
Contractors’ Questions: Does the Brexit deal affect providing services from the UK to an EU firm?
'The deal doesn’t drastically change things for you, but beware four new fundamentals if contracting in Europe.'
What covid lockdown 3 means for our niche contractor recruitment firm
Rates are holding up amid my 20-year high for contractors, whose ‘new normal’ preference is stability.
Wednesday, January 6, 2021
Contractors' Questions: What about contracting in Europe now Britain has left the EU?
A deal from December is indeed in place, signalling new complications, regulations and sanctions.
Third covid-19 lockdown follows new vaccination fear for agency workers
The type of contract you’re on shouldn’t affect your place in the vaccination queue, but it might - REC.
Tuesday, January 5, 2021
Budget 2021: Contractors will 'watch through their hands' on March 3rd
Neither the need to make up the covid-19 deficit nor the tendency to target contractors bodes well for eight weeks’ time.
Why April 2021’s IR35 changes are problematic for contractors, and the UK as a whole
Our gut feeling is that the goose which lays the golden egg will be killed -- over a few bad apples. And an inability to learn.
Budget 2021: Contractors will 'watch through their hands' on March 3rd
Neither the need to make up the covid-19 deficit nor the tendency to target contractors bodes well for eight weeks’ time.
Monday, January 4, 2021
Contractor furlough extends until April 2021 as coronavirus continues
A longer CJRS is tagged up as a Christmas gift to help firms through a tougher January.
Contractors’ Questions: What is the Employment Allowance for limited company directors?
Rules in 2016 still rule out many PSCs from a popular way to reduce their PAYE tax bill.