Industry insiders raise issue with IR35 CEST tool

Many within the contractor industry have criticised HMRC’s CEST tool as not fit for purpose. The digital tool was designed by HMRC to help contractors determine their IR35 status but it has been scathingly criticised by the self-employment industry. ContractorUK firmly surmised it as: “wrongly seen as mandatory. Too blunt to be sector-specific. Unhelpful to…

Making wellbeing a priority for contractors

The UK’s self-employed population has grown rapidly over the last ten years. According to the Centre for Research on Self-Employment (CRSE), almost five million people, equating to fifteen percent of the UK workforce are now self-employed. Thus, as contracting becomes increasingly important to the UK economy, it is vital that individual wellbeing is taken into…

What is the 2019 Loan Charge?

The 2019 Loan Charge is HMRC’s next step in their crackdown on tax avoidance. They aim to recover unpaid taxes they deem to be owed by thousands of contractors who have used a disguised remuneration scheme. HMRC will be looking to collect payment for retrospective taxes from any individual who has used a disguised remuneration…

A summer of opportunity: IT contractors in more demand than ever

The latest REC/IHS Markit’s Report on Jobs revealed some very promising news for contractors, particularly for those in the IT and computing sector. Research revealed that the slight softening of demand for contractors in June was an anomaly, as a surge in demand was spotted once again in July.   Demand for IT contractors In…

The benefits of using an accounting software

An accounting software can compliment the service provided to you by your contractor accountant as it allows you keep on top of your day-to-day bookkeeping alongside receiving support, advice and guidance from your accountant. It can really help to make your contracting life a lot easier, giving you more time to concentrate on the important…

How to get your limited company name just right

Once you’ve made the decision to set-up a limited company; you’ll want to start thinking about choosing the right name for it. You might even already have a name in mind but there are still some important factors to consider before making your final decision. You want a name that is timeless, that will be…