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.
Wednesday, May 4, 2022
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
Government must realise, thousands of workers in umbrella companies are employed against their will
The IR35 reform-induced trend of unwilling employment? Like PSLs and holiday pay, ministers owe it to work-seekers to intervene.
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
Why nobody is safe with a Managed Service Company Provider in the contractual chain
With HMRC pursuing both accountants and contractors under MSC rules, the time for action is now.
Should you make your husband or wife a shareholder of your limited company?
Not always easy to broach. Not straightforward. So expectantly, there’s tax savings (with a spouse) to be had.
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.
Monday, April 25, 2022
IR35: Eammon Holmes condemns HMRC as ‘the department of thievery’
The TV presenter goes off-script to tell viewers what he really thinks of the taxman.
MPs probing HMRC Loan Charge receive 'deeply worrying' evidence
The Loan Charge and Taxpayer Fairness APPG is set to reveal the ‘awful situation people are in.’
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
Should I tailor my CV and risk agencies receiving several versions of my skills?
Agents only care about one thing -- so get tailoring just like any other bidding, pitching, tendering business.
How to transfer your personal assets to your limited company
Want to cut your tax bill while giving your PSC a PC or two? Top tips to make it all happen.
Tuesday, April 12, 2022
Contractor pensions advice: Pensions for contractors
Find out the best way to set up a suitable pension as a contractor.
Growth in IT contractor demand up for the fourth month in a row
March saw temporary tech opportunities expand (again), but beware a stabilising, including in software development.
Can a director of a limited company claim Universal Credit?
An overview to one of the main but still complex benefits that PSCs like to gauge eligibility to.
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
Change is coming for limited companies on Companies House: be ready for when it hits
Contractors who are directors are wating for the other shoe to drop. Here’s what we know so far.
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.
Tuesday, April 5, 2022
What a UTR number is and how to get yours as a contractor
A UTR number from HMRC is for life, not just for self-assessing or the imminent new tax year.
Are the costs of eye tests and corrective glasses tax-deductible?
Overview for directors looking to put vision on the company without (HMRC) complications.
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
Limited company Making Tax Digital duties start today. Are you ready?
The April 1st launch of digital tax accounts is here. Don’t be a fool -- get clued up and compliant.
Thursday, March 31, 2022
Spring Statement 2022, what a dog’s breakfast from Rishi Sunak
Dry as a bone is an understatement to describe the chancellor’s statement. And that’s being kind.
Spring Statement 2022, what a dog’s breakfast from this chancellor
Dry as a bone is an understatement to describe Rishi Sunak’s statement. And that’s being kind.
FCSA calls on government to stop umbrella company cloning
Trade body wants a multi-organisational response to ‘strike off the clones’ and ‘pursue the perpetrators.’
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.
Tuesday, March 29, 2022
Spring Statement 2022: Contractor staffing sector frustrated by 'jam tomorrow' chancellor
Rishi Sunak’s ‘here’s what we’ll do later’ package fails to engage contractor recruitment bosses.
Contractors, DBS checks will cost LESS from April 6th
The fees for criminal record checks are refreshingly, bucking the current prices trend.
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
What the National Insurance threshold increase means for contractors
A breakdown of the NICs floor going up in July, by which times rates will have gone in the same direction.
A contractor’s guide to ‘trickster’ Rishi Sunak’s Spring Statement 2022
The mini-Budget untangled, with expert analysis on what the chancellor did and didn’t announce.
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.