If you’ve been keeping up with the latest contractor and consultancy news you’ve probably noticed that the hot topic of conversation at the moment is IR35 and the recent public sector changes. But what exactly is IR35? This guide will look at IR35 in detail and try to clear up some of the complexities.
The current uncertainty over Britain’s Brexit deal appears to be paying dividends for contractors; especially those in the IT sector. According to the REC’s latest Report on Jobs, demand for IT contractors stands at 60.1, up from 59.1 in February. This is the highest reading on a national index since January 2016.
What is IR35? IR35 was HMRC’s (then the Inland Revenue) response to the growing number of employees leaving their permanent roles, setting up their own businesses and then returning to perform their old role as a contractor to avoid paying tax and National Insurance at the higher rates. It aims to ensure that contractors working […]
Chancellor Hammond’s first (and final) Spring Budget finds us just weeks before the deadline for triggering Brexit. After a host of unexpected announcements in the Autumn Statement, the Spring Budget thankfully had few changes in store for contractors and consultants.
Apprenticeships are a great way for younger students to gain practical experience in their intended field. This week marks the 10th National Apprenticeship Week – to celebrate, we’ve taken a look at the experiences and successes of our own apprenticeships.
Come 6th April, this tax year will close and a new one will begin. HMRC have announced a number of updates for the new tax year that may impact your company. Ensuring you understand the upcoming changes for 2017/18 will help you keep your company as tax efficient as possible in the coming year.
Following the Autumn Statement, the Government have issued their draft legislation detailing the proposed changes to the VAT Flat Rate Scheme (FRS). They’ll come into effect on 1 April 2017 but may impact invoices issued and goods purchased from now onwards. Here you’ll find our initial review of the legislation and the changes it brings for independent professionals.
With the statement including announcements covering everything from a National Living Wage rise and employee perk restrictions through to repairs to Wentworth House, many independent professionals may have been left uncertain of the impact on them personally. Here we’ve demystified the chancellor’s speech to show what’s coming for independent professionals. The good news? For the […]
It’s a common conception, among independent professionals, that getting a mortgage is an arduous process filled with red tape and hoop jumping; especially in the current uncertain times. However, securing a mortgage as a contractor might be less challenging than you think. To find out more about contractor mortgages, we sought the help of some local experts.
Finding yourself between contracts can be an intimidating experience. The fear of being stuck between contracts can lead to many a sleepless night and potentially poor professional decisions. We take a look at five top ways to maintain your productivity (and sanity) when you find yourself between contracts.