Here’s our summary of how the key measures of the 2018 Budget will impact the business and personal finances of contractors, consultants and freelancers.
In today’s budget, Chancellor Phillip Hammond announced he’s extending off-payroll working rules into medium and large sized businesses. We’ve pulled together some FAQs to help you understand what’s happening
You’ve found a project, you’ve had the interview, you’re ready to discuss your potential new contract and keen to ensure your IR35 status is clear within it, where do you begin?
HMRC issues tax codes each year to reflect the personal tax-free allowance most people are entitled to. The new tax code for most people in 2018/19 is 1185L.
Philip Hammond’s delivery of the government’s first Spring Statement proved to be a short, snappy affair today. While there were no major tax and spending changes, we did get an insight into what the government will be focusing on over the next six months and a few signals of what’s likely to come in Autumn. Thankfully, there were no surprises in store for contractors and consultants.
Over the last few weeks we’ve examined April’s IR35 application changes (off-payroll working rules), the reaction from the public sector, agencies and the contracting community as a whole as well as the potential impact for limited companies, independent professionals and their contracts. To round off our ‘Getting on with IR35’ series, we take a look at how we at inniAccounts can help contractors going forwards.
The IR35 application changes have provoked debate aplenty over the future of contractors in the public sector. Many prestigious parties have suggested these reforms would provoke a ‘mass exodus’ from the field. Six months on from April’s implementation, we take a look at the current impacts and future outlook for independent professionals.
IR35 is easily one of the most hated pieces of legislation introduced for independent professionals. It’s long been considered a thorn in the side of contractors and consultants. With recent changes to IR35 in the public sector, many consider it a direct attack on their ability to retain profits and grow a business. But is it all doom and gloom for contractors and consultants here on out? We certainly don’t think so.
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.
HMRC issues tax codes each year to reflect the personal tax-free allowance most people are entitled to. The new tax code for most people in 2017/18 is 1150L.