Budget highlights for contractors and freelancers

On Wednesday, the 2016 Budget was presented to MPs in the House of Commons. This year’s Budget has reiterated the government’s intention to clamp down on those they perceive to be avoiding taxes. We are yet to receive definitive information on many of the topics relating to contractors and the self-employed; however, the imminent release…

Our relationship with IPSE has grown stronger

K&B Accountancy Group has been affiliated and accredited accountants with IPSE (The Association of Independent Professionals and the Self-Employed – formerly PCG) since 2012. We are delighted that our relationship with IPSE has grown stronger this month, and we have become official Accountancy Partners. With 21,000 members, IPSE is the largest association of independent professionals in…

Looking ahead to 6 April 2016 – do you know what is about to change?

As discussed in our February article, ‘What are HMRC changing in legislation for Travel and Subsistence?’, from 6 April 2016, the government have decided to bring in legislation that will affect our expanding temporary workforce in the United Kingdom. In the Cloud9 Umbrella/K&B Accountancy Group offices, we are finding that many contractors are still in…

Is going limited the right way forward for umbrella contractors this year?

The new tax year is fast approaching and we are noticing a trend in umbrella contractors who are incorporating their own personal service company (PSC) in order to minimise, or even mitigate the restriction on Travel and Subsistence expenses. While we cannot comment on any particular models offered by other accountancy and umbrella service providers,…